Eastern Asia: Mica Market 2024

Mica Market Size in Eastern Asia

The East Asian mica market rose slightly to $X in 2023, with an increase of X% against the previous year. In general, consumption enjoyed strong growth. The level of consumption peaked at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Mica Production in Eastern Asia

In value terms, mica production fell slightly to $X in 2023 estimated in export price. Over the period under review, production, however, recorded a noticeable decline. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2023, production stood at a somewhat lower figure.

Mica Exports

Exports in Eastern Asia

In 2023, shipments abroad of mica increased by X% to X tons for the first time since 2020, thus ending a two-year declining trend. In general, exports, however, showed a relatively flat trend pattern. The volume of export peaked at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, mica exports skyrocketed to $X in 2023. Overall, exports saw a resilient expansion. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of export peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, resulting at X tons, which was approx. X% of total exports in 2023. The following exporters - Japan (X tons), Democratic People's Republic of Korea (X tons) and Hong Kong SAR (X tons) - together made up X% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of mica. At the same time, Hong Kong SAR (X%) and Democratic People's Republic of Korea (X%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Japan (X%) illustrated a downward trend over the same period. Democratic People's Republic of Korea (X p.p.) and Hong Kong SAR (X p.p.) significantly strengthened its position in terms of the total exports, while Japan and China saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) remains the largest mica supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports. It was followed by Democratic People's Republic of Korea, with a X% share.

In China, mica exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and Democratic People's Republic of Korea (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Overall, the export price, however, continues to indicate a resilient increase. The pace of growth was the most pronounced in 2018 an increase of X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (X%), while the other leaders experienced more modest paces of growth.

Mica Imports

Imports in Eastern Asia

In 2023, mica imports in Eastern Asia rose sharply to X tons, with an increase of X% compared with the previous year's figure. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, mica imports expanded significantly to $X in 2023. Total imports indicated a resilient increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

China prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. Japan (X tons) held a minor share of total imports.

China was also the fastest-growing in terms of the mica imports, with a CAGR of X% from 2012 to 2023. Japan (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total imports, while Japan saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported mica in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports.

In China, mica imports expanded at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, approximately mirroring the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2016; however, from 2017 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%).

Source: IndexBox Platform