Republic of Korea: Mica Market 2020

Mica Market Size in Republic of Korea

The revenue of the mica market in South Korea amounted to $X in 2017, jumping by X% against the previous year. In general, the total market indicated a noticeable growth from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the mica consumption decreased by -X% against 2013 indices. The pace of growth appeared the most rapid in 2010, with an increase of X% y-o-y. South Korea mica consumption peaked of $X in 2013; however, from 2014 to 2017, it stood at a somewhat lower level.

Mica Production in Republic of Korea

In 2017, approx. X tons of mica were produced in South Korea; coming up by X% against the previous year. The total output volume increased an average annual rate of +X% over the period from 2007 to 2017; however, the trend pattern indicated some noticeable fluctuations over the period under review. The most prominent rate of growth was recorded in 2010, with an increase of X% y-o-y. South Korea mica production peaked in 2017, and is expected to retain its growth in the near future.

Mica Exports from Republic of Korea

In 2017, approx. X tons of mica were exported from South Korea; falling by -X% against the previous year. Overall, mica exports continue to indicate a precipitous decline. The most prominent rate of growth was recorded in 2012, with an increase of X% year-to-year. In that year, the mica exports attained their peak volume of X tons. From 2013 to 2017, growth of the mica exports stood at a somewhat lower level.

In value terms, mica exports amounted to $X in 2017. In general, mica exports continue to indicate a precipitous contraction. Over the period under review, the mica exports attained its maximum level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Mica Exports by Country from Republic of Korea

In 2017, Madagascar (X tons), distantly followed by India (X tons), China (X tons) and Brazil (X tons) were the major exporters of mica, together committing X% of total exports. Spain (X tons), Japan (X tons) and Sri Lanka (X tons) occupied the weak share of total exports.

From 2007 to 2017, the most notable rate of growth in terms of exports, amongst the main exporting countries, was attained by Madagascar (+X% per year), while the other leaders experienced more modest paces of growth.

In value terms, India ($X) remains the largest mica supplier from South Korea, making up X% of global exports. The second position in the ranking was occupied by Madagascar ($X), with a X% share of global exports. It was followed by China, with a X% share.

From 2007 to 2017, the average annual growth rate of value in India totaled +X%. In the other countries, the average annual rates were as follows: Madagascar (+X% per year) and China (+X% per year).

Mica Export Prices by Country in Republic of Korea

In 2017, the mica export price in South Korea amounted to $X per ton, coming up by X% against the previous year. In general, mica export price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2013, when the export prices increased by X% against the previous year. In that year, the export prices for mica reached their peak level of $X per ton. From 2014 to 2017, growth of the export prices for mica failed to regain its momentum.

There were significant differences in the average export prices amongst the major exporting countries. In 2017, the country with the highest export price was Brazil ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by China (+X% per year), while the other leaders experienced more modest paces of growth.

Mica Imports into Republic of Korea

Mica imports into South Korea amounted to X tons in 2017, dropping by -X% against the previous year. In general, mica imports continue to indicate a strong expansion. The most prominent rate of growth was recorded in 2008, with an increase of X% year-to-year. South Korea imports peaked of X tons in 2009; however, from 2010 to 2017, it stood at a somewhat lower level.

In value terms, mica imports totaled $X in 2017. Overall, mica imports continue to indicate a strong expansion. In that year, the mica imports attained their peak level of $X. From 2014 to 2017, growth of the mica imports stood at a somewhat lower level.

Mica Imports by Country into Republic of Korea

China represented the major importing country with an import of around X tons, which amounted to X% of total imports. Russia (X tons) occupied the second position in the ranking, followed by Germany (X tons), Japan (X tons), the U.S. (X tons), the UK (X tons) and South Korea (X tons). All these countries together occupied near X% share of total imports.

Imports into China increased at an average annual rate of +X% from 2007 to 2017. At the same time, Germany (+X%), the UK (+X%), Russia (+X%), Japan (+X%), South Korea (+X%) and the U.S. (+X%) displayed positive paces of growth. Moreover, Germany emerged as the fastest growing importer in the world, with a CAGR of +X% from 2007-2017. While the share of the U.S. (-X%), South Korea (-X%), Japan (-X%), the UK (-X%), Germany (-X%), Russia (-X%) and China (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported mica into South Korea, making up X% of global imports. The second position in the ranking was occupied by Japan ($X), with a X% share of global imports. It was followed by Russia, with a X% share.

In China, mica imports expanded at an average annual rate of +X% over the period from 2007-2017. The remaining importing countries recorded the following average annual rates of imports growth: Japan (+X% per year) and Russia (+X% per year).

Mica Import Prices by Country in Republic of Korea

In 2017, the mica import price in South Korea amounted to $X per ton, growing by X% against the previous year. In general, mica import price continues to indicate a notable growth. The pace of growth was the most pronounced in 2010, an increase of X% against the previous year. South Korea import price peaked of $X per ton in 2011; however, from 2012 to 2017, it stood at a somewhat lower level.

Import prices varied noticeably by the country of destination; the country with the highest import price was China ($X per ton), while the UK ($X per ton) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by China (-X% per year), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :