Report Update Nov 1, 2024

Northern America - Mica - Market Analysis, Forecast, Size, Trends and Insights

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Northern America: Mica Market 2022

Mica Market Size in Northern America

The North American mica market reduced rapidly to $X in 2021, which is down by -57.4% against the previous year. Overall, consumption continues to indicate a deep reduction. Over the period under review, the market reached the peak level at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Mica Production in Northern America

In value terms, mica production contracted dramatically to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2016 with an increase of 82%. The level of production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Mica Exports

Exports in Northern America

In 2021, overseas shipments of mica increased by 69% to X tons, rising for the second year in a row after two years of decline. In general, exports, however, recorded a deep reduction. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, mica exports soared to $X in 2021. Overall, exports, however, faced a abrupt descent. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States dominates exports structure, amounting to X tons, which was near 91% of total exports in 2021. It was distantly followed by Canada (X tons), committing an 8.6% share of total exports.

The United States was also the fastest-growing in terms of the mica exports, with a CAGR of -10.8% from 2012 to 2021. Canada (-15.8%) illustrated a downward trend over the same period. While the share of the United States (+5 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Canada (-5 p.p.) displayed negative dynamics.

In value terms, the United States ($X) remains the largest mica supplier in Northern America, comprising 97% of total exports. The second position in the ranking was held by Canada ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at -14.1%.

Export Prices by Country

In 2021, the export price in Northern America amounted to $X per ton, which is down by -20% against the previous year. Over the period under review, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the export price increased by 103% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (-3.7%).

Mica Imports

Imports in Northern America

In 2021, supplies from abroad of mica decreased by -36.4% to X tons for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 when imports increased by 198% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, mica imports dropped rapidly to $X in 2021. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2019 when imports increased by 77%. The level of import peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was approx. 90% of total imports in 2021. It was distantly followed by Canada (X tons), mixing up a 9.8% share of total imports.

From 2012 to 2021, average annual rates of growth with regard to mica imports into the United States stood at -13.6%. Canada (-2.7%) illustrated a downward trend over the same period. While the share of Canada (+6.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-6.1 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported mica in Northern America, comprising 97% of total imports. The second position in the ranking was held by Canada ($X), with a 2.7% share of total imports.

From 2012 to 2021, the average annual growth rate of value in the United States stood at -10.6%.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, declining by -15.3% against the previous year. In general, the import price, however, saw perceptible growth. The growth pace was the most rapid in 2018 when the import price increased by 121%. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.4%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for mica in Northern America?

The United States remains the largest mica consuming country in Northern America, comprising approx. 98% of total volume. It was followed by Canada, with a 2% share of total consumption.

What are the largest producers of mica in Northern America?

The countries with the highest volumes of in 2021 were Canada and the United States.

What are the leading suppliers of mica in Northern America?

In value terms, the United States remains the largest mica supplier in Northern America, comprising 82% of total exports. The second position in the ranking was occupied by Canada, with an 18% share of total exports.

What are the leading importers of mica in Northern America?

In value terms, the United States constitutes the largest market for imported mica in Northern America, comprising 99% of total imports. The second position in the ranking was occupied by Canada, with a 0.7% share of total imports.

What is the average export price for mica in Northern America?

In 2021, the export price in Northern America amounted to $1,052 per ton, waning by -14.3% against the previous year.

What is the average import price for mica in Northern America?

The import price in Northern America stood at $1,139 per ton in 2021, falling by -10.8% against the previous year.

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

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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. 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
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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