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Brazil - Mica - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Brazil - Mica - Market Analysis, Forecast, Size, Trends And Insights

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Mar 24, 2023

Mica Price in Brazil Increases by 91%, Averaging $1,529 per Ton

Brazil Mica Export Price in January 2023

In January 2023, the mica price amounted to $1,529 per ton (FOB, Brazil), rising by 91% against the previous month. Overall, the export price saw a resilient increase. As a result, the export price attained the peak level and is likely to continue growing in the immediate term.

There were significant differences in the average prices for the major external markets. In January 2023, the country with the highest cost was China ($2,088 per ton), while the average price for exports to France ($714 per ton) was amongst the lowest.

From January 2022 to January 2023, the most notable rate of growth in prices was recorded for supplies to China (+30.7%), while the prices for the other major destinations experienced more modest paces of growth.

Brazil Mica Exports

In January 2023, exports of mica from Brazil fell sharply to 319 tons, which is down by -57.1% compared with the previous month. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2022 when exports increased by 271% against the previous month. Over the period under review, the exports hit record highs at 743 tons in December 2022 and then reduced notably in the following month.

In value terms, mica exports reduced dramatically to $488K (IndexBox estimates) in January 2023. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in June 2022 with an increase of 279% against the previous month. Over the period under review, the exports reached the peak figure of 593 tons in December 2022 and then reduced rapidly in the following month.

Brazil Mica Exports by Country

China (176 tons), the United States (120 tons), and France (22 tons) were the main destinations of mica exports from Brazil, together accounting for 100% of total exports.

From January 2022 to January 2023, the biggest increases were in China (with a CAGR of +21.5%), while shipments for the other leaders experienced a decline.

In value terms, China ($367K) emerged as the key foreign market for mica exports from Brazil, comprising 75% of total exports. The second position in the ranking was held by the United States ($103K), with a 21% share of total exports.

From January 2022 to January 2023, the average monthly growth rate of value to China amounted to +58.7%. Exports to the other major destinations recorded the following average monthly rates of export growth: the United States (-6.3% per month) and France (-11.3% per month).

Here Is Why Mica Price in Brazil Surges 91%

The price of mica in Brazil has seen a sharp increase lately, with a surge of 91%, bringing the average price per ton to $1,529. This price hike is said to be due to a combination of factors, including increased demand from the cosmetics industry, as well as supply shortages caused by pandemic-related disruptions in mining operations.

Mica is a naturally occurring mineral that is widely used in cosmetics, as well as various industrial applications. It is valued for its ability to provide a shimmering effect, which is especially prized in cosmetics such as eyeshadow, blush, and lipstick. Mica is also used in the production of electronics, paints, and coatings.

The price jump has already had an impact on the cosmetics industry, with some smaller companies reportedly struggling to keep up with the rising costs. Larger companies may be better positioned to weather the increased prices, but the industry as a whole is likely to feel the effects of the mica shortage and resulting price hike.

Industry analysts predict that the mica price surge is likely to continue for the foreseeable future, as demand continues to outpace supply. It remains to be seen how this will impact consumers, who may end up paying more for their favorite cosmetics as a result.

Factors Affectig Mica Price Growth

Mica is a popular mineral known for its use in various industries, including cosmetics, automotive, and electronics. This price increase is believed to be a result of supply chain disruptions caused by the COVID-19 pandemic. Brazil is one of the world's largest producers of mica, and this significant surge in price is expected to impact industries globally. Some companies may be forced to look for alternative minerals, while others may consider passing on the increased cost to consumers.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mica market in Brazil. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Brazil

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Brazil
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS

    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030

    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT

    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES

    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS

    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE

    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO

    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023

    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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