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

Contents:

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

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

In 2022, the average import price for mica, including splittings; mica wastes amounted to $1,091 per ton, picking up by 24% against the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2017 an increase of 55%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Norway ($1,091 per ton), while the price for China ($1,091 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for mica, including splittings; mica wastes stood at $489 per ton in 2022, increasing by 58% against the previous year. Over the period under review, the export price, however, recorded a perceptible setback. The export price peaked at $787 per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($515 per ton), while the average price for exports to Algeria amounted to $207 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (-1.5%).

Imports of Mica, Including Splittings; Mica Waste in Egypt

In 2022, supplies from abroad of mica, including splittings; mica wastes decreased by -53.1% to 828 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 335% against the previous year.

In value terms, mica, including splittings; mica waste imports shrank rapidly to $903K in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 407%.

Import of Mica, Including Splittings; Mica Waste in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7.09491,330705365.3%
India11353.932.215611.3%
Norway24.529.530.635.913.6%
Others74.075.31656.8-54.9%
Total2191,1081,55890360.4%

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

  1. China (646.0 tons)
  2. India (142.7 tons)
  3. Norway (32.9 tons)

Exports of Mica, Including Splittings; Mica Waste in Egypt

In 2022, the amount of mica, including splittings; mica wastes exported from Egypt shrank sharply to 50 tons, waning by -51.4% against 2021. Over the period under review, exports saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 71%. As a result, the exports reached the peak of 102 tons, and then fell sharply in the following year.

In value terms, mica, including splittings; mica waste exports contracted significantly to $24K in 2022. In general, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 86%. As a result, the exports reached the peak of $32K, and then declined notably in the following year.

Export of Mica, Including Splittings; Mica Waste in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Nigeria24.215.629.223.2-1.4%
Algeria1.40.81.30.9-13.7%
Others0.20.71.10.20.0%
Total25.917.031.724.3-2.1%

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

  1. Nigeria (45.0 tons)
  2. Algeria (4.5 tons)

Source: IndexBox Market Intelligence Platform

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