Price for Mica, Including Splittings; Mica Waste in Australia - 2023

Contents:

  1. Price for Mica, Including Splittings; Mica Waste in Australia (CIF) - 2022
  2. Price for Mica, Including Splittings; Mica Waste in Australia (FOB) - 2022
  3. Imports of Mica, Including Splittings; Mica Waste in Australia
  4. Exports of Mica, Including Splittings; Mica Waste in Australia

Price for Mica, Including Splittings; Mica Waste in Australia (CIF) - 2022

The average import price for mica, including splittings; mica wastes stood at $730 per ton in 2022, with an increase of 30% against the previous year. Over the period under review, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +10.3% per year.

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

The average export price for mica, including splittings; mica wastes stood at $2,392 per ton in 2022, declining by -29% against the previous year. Overall, the export price recorded a pronounced downturn. The growth pace was the most rapid in 2018 an increase of 386%. Over the period under review, the average export prices reached the maximum at $10,506 per ton in 2016; however, from 2017 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 the United States ($2,562 per ton), while the average price for exports to Lao People's Democratic Republic ($1,319 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 Malaysia (-0.5%), while the prices for the other major destinations experienced a decline.

Imports of Mica, Including Splittings; Mica Waste in Australia

In 2022, supplies from abroad of mica, including splittings; mica wastes decreased by -21.3% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a deep reduction. The pace of growth appeared the most rapid in 2020 with an increase of 5.4%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, mica, including splittings; mica waste imports reached $997K in 2022. The total import value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 14%. Imports peaked in 2022 and are likely to continue growth in the immediate term.

Import of Mica, Including Splittings; Mica Waste in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7668038459306.7%
Others92.352.612867.4-9.9%
Total8588559739975.1%

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

  1. China (1358.0 tons)

Exports of Mica, Including Splittings; Mica Waste in Australia

After two years of decline, overseas shipments of mica, including splittings; mica wastes increased by 7,451% to 8.6 tons in 2022. In general, exports recorded a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste exports soared to $21K in 2022. Overall, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Mica, Including Splittings; Mica Waste in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A14.40%
Malaysia0.2N/AN/A4.7186.4%
Lao People's Democratic RepublicN/AN/AN/A1.60%
New Zealand3.90.9N/AN/A-76.9%
OthersN/AN/A0.4N/A0%
Total4.10.90.420.671.3%

Top Export Markets for Mica, Including Splittings; Mica Waste from Australia in 2022:

  1. United States (5.6 tons)
  2. Malaysia (1.8 tons)
  3. Lao People's Democratic Republic (1.2 tons)

Source: IndexBox Market Intelligence Platform

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