United Kingdom - Mica - Market Analysis, Forecast, Size, Trends And Insights
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View PricingUK Sees Sharp Decline in Mica Imports, Dropping to $356K in 2023
United Kingdom Mica Imports
In 2023, after two years of growth, there was significant decline in supplies from abroad of mica, when their volume decreased by -73.5% to 747 tons. In general, imports, however, enjoyed a resilient expansion. The growth pace was the most rapid in 2017 with an increase of 504%. Over the period under review, imports hit record highs at 2.8K tons in 2022, and then declined sharply in the following year.
In value terms, mica imports dropped rapidly to $356K (IndexBox estimates) in 2023. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 324% against the previous year. Imports peaked at $1.4M in 2021; however, from 2022 to 2023, imports failed to regain momentum.
| COUNTRY | Import Value of Mica in United Kingdom (thousand USD) | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | |
| Italy | N/A | N/A | N/A | N/A | N/A | N/A | 40.6 | N/A | N/A | 10.3 | 148 |
| China | 170 | 216 | N/A | N/A | 114 | 11.7 | 285 | 242 | 1,337 | 883 | 127 |
| Spain | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 44.4 | 68.4 |
| United States | N/A | N/A | 3.3 | N/A | N/A | N/A | 2.7 | 2.3 | N/A | 7.3 | 8.1 |
| Turkey | N/A | 40.3 | 57.8 | 31.2 | 72.8 | 99.6 | N/A | N/A | N/A | N/A | N/A |
| Israel | 150 | 39.6 | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A | N/A |
| Netherlands | 5.3 | N/A | N/A | N/A | N/A | N/A | 51.8 | 67.7 | 10.6 | N/A | N/A |
| France | N/A | N/A | N/A | N/A | N/A | N/A | N/A | 7.1 | N/A | 387 | N/A |
| Others | 3.0 | 12.0 | 1.8 | 14.7 | 7.3 | 5.4 | 27.8 | 12.0 | 8.9 | 7.7 | 4.0 |
| Total | 328 | 308 | 62.8 | 45.9 | 194 | 117 | 408 | 331 | 1,356 | 1,340 | 356 |
Imports by Country
Italy (334 tons), China (275 tons) and Spain (136 tons) were the main suppliers of mica imports to the UK, with a combined 100% share of total imports.
From 2013 to 2023, the biggest increases were recorded for Italy (with a CAGR of +71.1%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, the largest mica suppliers to the UK were Italy ($148K), China ($127K) and Spain ($68K), with a combined 97% share of total imports.
Spain, with a CAGR of +54.0%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
In 2023, the mica price amounted to $476 per ton, therefore (CIF, United Kingdom), remained relatively stable against the previous year. In general, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 an increase of 47%. Over the period under review, average import prices attained the peak figure at $938 per ton in 2013; however, from 2014 to 2023, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Spain ($503 per ton), while the price for Italy ($444 per ton) was amongst the lowest.
From 2013 to 2023, the most notable rate of growth in terms of prices was attained by Spain (+8.9%), while the prices for the other major suppliers experienced mixed trend patterns.
This report provides an in-depth analysis of the mica market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
