Report Update Nov 1, 2024

Mexico - Mica - Market Analysis, Forecast, Size, Trends and Insights

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Mexico: Mica Market 2024

Mica Market Size in Mexico

The Mexican mica market dropped slightly to $X in 2022, leveling off at the previous year. Over the period under review, consumption continues to indicate a sharp descent. Over the period under review, the market reached the peak level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Mica Production in Mexico

In value terms, mica production declined to $X in 2022 estimated in export price. Over the period under review, production saw a deep reduction. The growth pace was the most rapid in 2013 with an increase of 14,003%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

Mica Exports

Exports from Mexico

In 2014, exports of mica from Mexico surged to X tons, growing by 917% on the previous year. Overall, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica exports soared to $X in 2014. Over the period under review, exports recorded a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Guatemala (X tons) and Honduras (X kg) were the main destinations of mica exports from Mexico, together accounting for 96% of total exports.

From 2013 to 2014, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +33,975.0%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for mica exports from Mexico, comprising 46% of total exports. The second position in the ranking was held by Honduras ($X), with a 21% share of total exports. It was followed by Guatemala, with a 16% share.

From 2013 to 2014, the average annual growth rate of value to the United States stood at +3,185.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Honduras (+484.1% per year) and Guatemala (+110.0% per year).

Export Prices by Country

The average mica export price stood at $X per ton in 2014, waning by -50.4% against the previous year. Overall, the export price showed a sharp setback. The export price peaked at $X per ton in 2013, and then contracted significantly in the following year.

There were significant differences in the average prices for the major external markets. In 2014, amid the top suppliers, the country with the highest price was Honduras ($X per ton), while the average price for exports to Guatemala ($X per ton) was amongst the lowest.

From 2013 to 2014, the most notable rate of growth in terms of prices was recorded for supplies to Costa Rica (+92.2%), while the prices for the other major destinations experienced a decline.

Mica Imports

Imports into Mexico

In 2019, overseas purchases of mica increased by 124% to X tons, rising for the third consecutive year after two years of decline. In general, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 with an increase of 616%. Imports peaked in 2019 and are expected to retain growth in the near future.

In value terms, mica imports skyrocketed to $X in 2019. Over the period under review, imports continue to indicate measured growth. The most prominent rate of growth was recorded in 2018 with an increase of 599%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, the United States (X tons) constituted the largest supplier of mica to Mexico, with a 72% share of total imports. Moreover, mica imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. The third position in this ranking was held by Japan (X tons), with a 6.7% share.

From 2012 to 2019, the average annual rate of growth in terms of volume from the United States totaled +107.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-8.3% per year) and Japan (+68.7% per year).

In value terms, the largest mica suppliers to Mexico were Japan ($X), the United States ($X) and Italy ($X), with a combined 90% share of total imports.

Among the main suppliers, the United States, with a CAGR of +85.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2019, the average mica import price amounted to $X per ton, reducing by -26% against the previous year. Overall, the import price faced a deep reduction. The growth pace was the most rapid in 2013 an increase of 30% against the previous year. As a result, import price attained the peak level of $X per ton. From 2014 to 2019, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2019, amid the top importers, the country with the highest price was India ($X per ton), while the price for Germany ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was attained by the United States (-11.0%), while the prices for the other major suppliers experienced a decline.

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, together comprising 91% of global consumption.

What are the largest producers of mica in the world?

India remains the largest mica producing country worldwide, comprising approx. 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 Mexico?

In value terms, Spain, Japan and the United States constituted the largest mica suppliers to Mexico, with a combined 78% share of total imports.

What are the leading importers of mica from Mexico?

In value terms, the United States, Colombia $850) and El Salvador $363) constituted the largest markets for mica exported from Mexico worldwide, with a combined 90% share of total exports.

What is the average export price for mica in Mexico?

The average mica export price stood at $5,291 per ton in 2021, remaining relatively unchanged against the previous year.

What is the average import price for mica in Mexico?

In 2021, the average mica import price amounted to $871 per ton, waning by -67.1% against the previous year.

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

Mexico

Data coverage:

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