Mica; Powder Price in Pakistan - 2023
Contents:
- Mica; Powder Price in Pakistan (CIF) - 2022
- Mica; Powder Price in Pakistan (FOB) - 2022
- Mica; Powder Imports in Pakistan
- Mica; Powder Exports in Pakistan
Mica; Powder Price in Pakistan (CIF) - 2022
In 2022, the average mica; powder import price amounted to $239 per ton, picking up by 21% against the previous year. Over the period under review, the import price enjoyed a resilient increase. The growth pace was the most rapid in 2019 an increase of 55%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($484 per ton), while the price for India ($99 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.4%), while the prices for the other major suppliers experienced a decline.
Mica; Powder Price in Pakistan (FOB) - 2022
The average mica; powder export price stood at $1,677 per ton in 2022, shrinking by -9.4% against the previous year. Overall, the export price, however, showed significant growth. The pace of growth appeared the most rapid in 2017 when the average export price increased by 257%. The export price peaked at $1,850 per ton in 2021, and then dropped in the following year.
As there is only one major export destination, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +89.3% per year.
Mica; Powder Imports in Pakistan
In 2022, purchases abroad of mica; powders decreased by -7.8% to 529 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2020 when imports increased by 29% against the previous year. As a result, imports attained the peak of 899 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, mica; powder imports expanded notably to $126K in 2022. The total import value increased at an average annual rate of +8.2% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 when imports increased by 45%. As a result, imports reached the peak of $145K. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Mica; Powder in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 55.9 | 95.0 | 55.8 | 49.2 | -4.2% |
| Japan | 30.0 | 33.8 | 23.9 | 43.5 | 13.2% |
| China | 9.7 | 10.5 | 25.2 | 19.7 | 26.6% |
| Germany | 0.3 | 2.4 | 4.8 | 6.9 | 184.4% |
| India | 2.3 | 2.1 | 1.9 | 2.6 | 4.2% |
| Others | 1.6 | 0.8 | 2.1 | 4.7 | 43.2% |
| Total | 99.8 | 145 | 114 | 126 | 8.1% |
Top Suppliers of Mica; Powder to Pakistan in 2022:
- Japan (201.0 tons)
- China (173.1 tons)
- United States (101.6 tons)
- India (26.2 tons)
- Germany (21.6 tons)
Mica; Powder Exports in Pakistan
In 2022, the amount of mica; powders exported from Pakistan rose markedly to 20 tons, picking up by 10% on the year before. In general, exports recorded a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 427%. As a result, the exports attained the peak of 24 tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, mica; powder exports dropped modestly to $34K in 2022. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 399%.
| Export of Mica; Powder in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 4.1 | 4.9 | 34.1 | 34.0 | 102.4% |
| South Korea | N/A | 29.1 | N/A | N/A | 0% |
| United Arab Emirates | 2.7 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 6.8 | 33.9 | 34.1 | 34.0 | 71.0% |
Top Export Markets for Mica; Powder from Pakistan in 2022:
- China (20.3 tons)
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