Mexico: Mica Market 2025

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

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