Report Update Nov 1, 2024

Eastern Asia - Mica - Market Analysis, Forecast, Size, Trends and Insights

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Eastern Asia: Mica Market 2022

Mica Market Size in Eastern Asia

In 2021, the East Asian mica market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw significant growth. Over the period under review, the market reached the maximum level in 2021 and is expected to retain growth in years to come.

Mica Production in Eastern Asia

In value terms, mica production soared to $X in 2021 estimated in export price. In general, production, however, enjoyed a strong expansion. The growth pace was the most rapid in 2018 when the production volume increased by 104%. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Mica Exports

Exports in Eastern Asia

After two years of growth, shipments abroad of mica decreased by -27.2% to X tons in 2021. Overall, exports recorded a noticeable slump. The most prominent rate of growth was recorded in 2020 with an increase of 47%. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, mica exports shrank to $X in 2021. Over the period under review, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 when exports increased by 63%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

China represented the key exporting country with an export of about X tons, which accounted for 69% of total exports. It was distantly followed by Japan (X tons), mixing up a 30% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to mica exports from China stood at -6.0%. At the same time, Japan (+19.3%) displayed positive paces of growth. Moreover, Japan emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +19.3% from 2012-2021. Japan (+25 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -24.4% from 2012 to 2021, respectively.

In value terms, China ($X) remains the largest mica supplier in Eastern Asia, comprising 85% of total exports. The second position in the ranking was taken by Japan ($X), with a 14% share of total exports.

From 2012 to 2021, the average annual growth rate of value in China totaled +8.8%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, rising by 19% against the previous year. In general, the export price showed a remarkable increase. The most prominent rate of growth was recorded in 2018 an increase of 102% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was China ($X per ton), while Japan amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+15.7%).

Mica Imports

Imports in Eastern Asia

In 2021, imports of mica in Eastern Asia soared to X tons, with an increase of 34% against 2020 figures. Overall, imports continue to indicate strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, mica imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by +0.3% against 2018 indices. The growth pace was the most rapid in 2018 with an increase of 42% against the previous year. The level of import peaked in 2021 and is likely to continue growth in years to come.

Imports by Country

China dominates imports structure, accounting for X tons, which was approx. 95% of total imports in 2021. It was distantly followed by Japan (X tons), creating a 4.5% share of total imports.

China was also the fastest-growing in terms of the mica imports, with a CAGR of +10.3% from 2012 to 2021. Japan (-2.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +8.7 percentage points.

In value terms, China ($X) constitutes the largest market for imported mica in Eastern Asia, comprising 92% of total imports. The second position in the ranking was taken by Japan ($X), with a 6.9% share of total imports.

In China, mica imports increased at an average annual rate of +9.2% over the period from 2012-2021.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, with an increase of 2.5% against the previous year. Over the period under review, the import price, however, saw a slight contraction. The pace of growth appeared the most rapid in 2016 an increase of 25%. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Japan ($X per ton), while China amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-0.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mica in Eastern Asia?

China constituted the country with the largest volume of mica consumption, comprising approx. 95% of total volume. Moreover, mica consumption in China exceeded the figures recorded by the second-largest consumer, Japan, more than tenfold.

What are the largest producers of mica in Eastern Asia?

China remains the largest mica producing country in Eastern Asia, accounting for 92% of total volume. Moreover, mica production in China exceeded the figures recorded by the second-largest producer, Hong Kong SAR, more than tenfold.

What are the leading suppliers of mica in Eastern Asia?

In value terms, China remains the largest mica supplier in Eastern Asia, comprising 87% of total exports. The second position in the ranking was occupied by Japan, with a 12% share of total exports.

What are the leading importers of mica in Eastern Asia?

In value terms, China constitutes the largest market for imported mica in Eastern Asia, comprising 92% of total imports. The second position in the ranking was occupied by Japan, with a 6.9% share of total imports.

What is the average export price for mica in Eastern Asia?

In 2021, the export price in Eastern Asia amounted to $832 per ton, approximately reflecting the previous year.

What is the average import price for mica in Eastern Asia?

In 2021, the import price in Eastern Asia amounted to $422 per ton, growing by 2.3% against the previous year.

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

China
Hong Kong SAR
Macao SAR
Japan
South Korea
Taiwan (Chinese)
Democratic People's Republic of Korea

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Eastern Asia, split by region and country
Trade (exports and imports) in Eastern Asia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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. 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. 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. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- China
- Hong Kong SAR
- Macao SAR
- Japan
- South Korea
- Taiwan (Chinese)
- Democratic People's Republic of Korea
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023