Report Update Nov 1, 2024

Hong Kong SAR, China - Mica - Market Analysis, Forecast, Size, Trends and Insights

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Hong Kong SAR, China: Mica Market 2024

Mica Market Size in Hong Kong SAR, China

The Hong Kong mica market skyrocketed to $X in 2022, with an increase of 22,136% against the previous year. Overall, consumption recorded a buoyant expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Mica Production in Hong Kong SAR, China

In value terms, mica production surged to $X in 2022 estimated in export price. Over the period under review, production, however, showed a deep reduction. Mica production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Mica Exports

Exports from Hong Kong SAR, China

After two years of growth, shipments abroad of mica decreased by -31.7% to X tons in 2022. Over the period under review, exports, however, saw a significant increase. The growth pace was the most rapid in 2015 when exports increased by 202,528% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, mica exports skyrocketed to $X in 2022. Overall, exports, however, showed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 218,163%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

China (X tons) was the main destination for mica exports from Hong Kong SAR, with a 99% share of total exports. It was followed by Japan (X kg), with a 0.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to China stood at +69.0%.

In value terms, China ($X) emerged as the key foreign market for mica exports from Hong Kong SAR, comprising 95% of total exports. The second position in the ranking was taken by Japan ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to China stood at +94.0%.

Export Prices by Country

In 2022, the average mica export price amounted to $X per ton, increasing by 2,548% against the previous year. In general, the export price posted a prominent increase. The export price peaked at $X per ton in 2020; however, from 2021 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 China ($X per ton), while the average price for exports to Japan stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.8%), while the prices for the other major destinations experienced mixed trend patterns.

Mica Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of mica increased by 8,688% to X tons, rising for the third year in a row after two years of decline. Overall, imports, however, saw a relatively flat trend pattern. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, mica imports surged to $X in 2022. Over the period under review, imports, however, recorded a perceptible descent. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) was the main mica supplier to Hong Kong SAR, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +101.7%.

In value terms, China ($X) constituted the largest supplier of mica to Hong Kong SAR.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +86.5%.

Import Prices by Country

The average mica import price stood at $X per ton in 2022, falling by -71.6% against the previous year. In general, the import price recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 an increase of 641% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Canada amounted to -0.1% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mica in the world?

The countries with the highest volumes of in 2021 were China, India and Madagascar, with a combined 91% share of global consumption.

What are the largest producers of mica in the world?

India remains the largest mica producing country worldwide, accounting for 65% of total volume. Moreover, mica production in India exceeded the figures recorded by the second-largest producer, Madagascar, twofold. The third position in this ranking was occupied by Brazil, with a 2.7% share.

What are the leading suppliers of mica to Hong Kong SAR, China?

In value terms, India constituted the largest supplier of mica to Hong Kong SAR, comprising 44% of total imports. The second position in the ranking was occupied by China $595), with a 4.9% share of total imports. It was followed by Japan, with a 2.2% share.

What are the leading importers of mica from Hong Kong SAR, China?

In value terms, Japan remains the key foreign market for mica exports from Hong Kong SAR, comprising 91% of total exports. The second position in the ranking was occupied by Indonesia $607), with a 3.5% share of total exports.

What is the average export price for mica in Hong Kong SAR, China?

In 2021, the average mica export price amounted to $2,563 per ton, with an increase of 2.5% against the previous year.

What is the average import price for mica in Hong Kong SAR, China?

The average mica import price stood at $6,151 per ton in 2021, with an increase of 10% against the previous year.

This report provides an in-depth analysis of the mica market in Hong Kong SAR, 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:

Hong Kong SAR

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hong Kong SAR, 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:

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.

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. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. 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
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
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
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
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