Price for Mica, Including Splittings; Mica Waste in Vietnam - 2021

Price for Mica, Including Splittings; Mica Waste in Vietnam (CIF) - 2021

In December 2021, the average import price for mica, including splittings; mica wastes amounted to $955 per ton, picking up by 7% against the previous month. Over the period from December 2020 to December 2021, it increased at an average monthly rate of +1.1%. The pace of growth was the most pronounced in January 2021 an increase of 17% month-to-month. Over the period under review, average import prices hit record highs at $987 per ton in February 2021; however, from March 2021 to December 2021, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In December 2021, the countries with the highest prices were Canada ($988 per ton) and China ($987 per ton), while the price for Japan ($670 per ton) and the United States ($987 per ton) were amongst the lowest.

From December 2020 to December 2021, the most notable rate of growth in terms of prices was attained by China (+1.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mica, Including Splittings; Mica Waste in Vietnam (FOB) - 2022

The average export price for mica, including splittings; mica wastes stood at $5,995 per ton in 2022, reducing by -3.2% against the previous year. Overall, the export price, however, posted a strong increase. The pace of growth was the most pronounced in 2014 an increase of 178%. The export price peaked at $18,898 per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($63,000 per ton), while the average price for exports to China ($5,160 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+34.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mica, Including Splittings; Mica Waste in Vietnam

In 2022, mica, including splittings; mica waste imports into Vietnam dropped significantly to 2.7K tons, waning by -16.7% compared with 2021. Over the period under review, imports saw a perceptible slump. The most prominent rate of growth was recorded in 2021 when imports increased by 58% against the previous year. As a result, imports reached the peak of 3.3K tons, and then shrank notably in the following year.

In value terms, mica, including splittings; mica waste imports contracted to $1.7M in 2022. In general, imports recorded a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 41%.

Import of Mica, Including Splittings; Mica Waste in Vietnam (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	1,133	864	1,107	895	-7.6%
Japan	283	225	335	234	-6.1%
India	138	81.7	113	165	6.1%
South Korea	30.6	20.0	34.3	153	71.0%
Singapore	127	55.2	96.7	56.0	-23.9%
Canada	161	85.3	179	18.9	-51.0%
Hong Kong SAR	12.8	6.0	5.5	8.4	-13.1%
Others	226	116	174	220	-0.9%
Total	2,112	1,453	2,045	1,749	-6.1%

Top Suppliers of Mica, Including Splittings; Mica Waste to Vietnam in 2022:

China (1000.6 tons)
Japan (708.9 tons)
South Korea (323.2 tons)
India (287.9 tons)
Hong Kong SAR (150.0 tons)
Singapore (36.6 tons)
Canada (22.6 tons)

Exports of Mica, Including Splittings; Mica Waste in Vietnam

Mica, including splittings; mica waste exports from Vietnam surged to 2.6 tons in 2022, increasing by 105% on the year before. Over the period under review, exports, however, showed a abrupt descent.

In value terms, mica, including splittings; mica waste exports surged to $16K in 2022. Overall, exports continue to indicate prominent growth. The pace of growth appeared the most rapid in 2020 when exports increased by 112% against the previous year. As a result, the exports reached the peak of $23K. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.