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

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

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Dec 29, 2022

Mica Price in China Skyrocket 28% to $528 per Ton

China Mica Import Price in September 2022

In September 2022, the mica price stood at $528 per ton (CIF, China), surging by 28% against the previous month. Over the last eight-month period, it increased at an average monthly rate of +1.8%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was India ($574 per ton), while the price for Madagascar ($312 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

China Mica Imports

In September 2022, the amount of mica imported into China contracted dramatically to 7.2K tons, which is down by -46.7% against the month before. Overall, imports showed a perceptible slump. The growth pace was the most rapid in March 2022 when imports increased by 48% against the previous month. As a result, imports reached the peak of 15K tons. From April 2022 to September 2022, the growth of imports remained at a lower figure.

In value terms, mica imports plummeted to $3.8M (IndexBox estimates) in September 2022. Over the period under review, imports recorded a noticeable shrinkage. The most prominent rate of growth was recorded in March 2022 with an increase of 47% month-to-month. As a result, imports reached the peak of $6.5M. From April 2022 to September 2022, the growth of imports remained at a somewhat lower figure.

China Mica Imports by Country

In September 2022, India (4.7K tons) constituted the largest supplier of mica to China, accounting for a 66% share of total imports. Moreover, mica imports from India exceeded the figures recorded by the second-largest supplier, Nigeria (1.2K tons), fourfold.

From January 2022 to September 2022, the average monthly growth rate of volume from India totaled -4.7%. The remaining supplying countries recorded the following average monthly rates of imports growth: Nigeria (+0.5% per month) and Madagascar (-2.4% per month).

In value terms, India ($2.7M) constituted the largest supplier of mica to China, comprising 71% of total imports. The second position in the ranking was taken by Nigeria ($667K), with a 17% share of total imports.

From January 2022 to September 2022, the average monthly rate of growth in terms of value from India amounted to -3.7%.

Factors Affecting Mica Prices

Mica is a mineral that is used in a variety of industries, from cosmetics to electronics. The price of mica in China has been on the rise in recent years, due largely to increased demand from these industries. There are a number of factors that have contributed to this increase in price, including:

-The increasing popularity of mica-based products: Mica-based products, such as eyeshadow and blush, have become increasingly popular in recent years. This has led to increased demand for mica, which in turn has driven up prices.

-Restrictions on mining: Due to environmental concerns, the Chinese government has placed restrictions on mica mining. This has led to a decrease in supply, which has resulted in higher prices.

-Increased production costs: Rising labor and energy costs have also contributed to the higher price of mica in China.

Factors Affecting Ore and Сoncentrate Prices Please mention the Source: https://www.indexbox.io/blog/australia-tin-ores-and-concentrates-price-in-august-2022/
Factors Affecting Ore and Сoncentrate Prices Please mention the Source: https://www.indexbox.io/blog/australia-tin-ores-and-concentrates-price-in-august-2022/

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the mica market in China. 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:

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in China
    • 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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