Price for Mica, Including Splittings; Mica Waste in Hong Kong SAR - 2023

Contents:

  1. Price for Mica, Including Splittings; Mica Waste in Hong Kong SAR (CIF) - 2022
  2. Price for Mica, Including Splittings; Mica Waste in Hong Kong SAR (FOB) - 2022
  3. Imports of Mica, Including Splittings; Mica Waste in Hong Kong SAR
  4. Exports of Mica, Including Splittings; Mica Waste in Hong Kong SAR

Price for Mica, Including Splittings; Mica Waste in Hong Kong SAR (CIF) - 2022

The average import price for mica, including splittings; mica wastes stood at $552 per ton in 2022, with a decrease of -31.6% against the previous year. Over the period under review, the import price showed a perceptible curtailment. The growth pace was the most rapid in 2020 an increase of 48%. As a result, import price attained the peak level of $1,075 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

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 Canada ($977 per ton), while the price for China amounted to $535 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.7%).

Price for Mica, Including Splittings; Mica Waste in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for mica, including splittings; mica wastes amounted to $991 per ton, increasing by 55% against the previous year. In general, the export price, however, recorded a mild slump. The most prominent rate of growth was recorded in 2015 an increase of 66% against the previous year. The export price peaked at $1,837 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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 China amounted to -2.2% per year.

Imports of Mica, Including Splittings; Mica Waste in Hong Kong SAR

In 2022, the amount of mica, including splittings; mica wastes imported into Hong Kong SAR skyrocketed to 855 tons, rising by 165% compared with the previous year's figure. Overall, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica, including splittings; mica waste imports soared to $472K in 2022. Over the period under review, imports recorded significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Mica, Including Splittings; Mica Waste in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China14184.913844446.6%
Canada42.543.187.424.0-17.3%
NigeriaN/A39.212.2N/A-68.9%
IndonesiaN/A57.8N/AN/A0%
Others19.722.122.64.1-40.7%
Total20324726147232.5%

Top Suppliers of Mica, Including Splittings; Mica Waste to Hong Kong SAR in 2022:

  1. China (830.5 tons)
  2. Canada (24.5 tons)

Exports of Mica, Including Splittings; Mica Waste in Hong Kong SAR

In 2022, approx. 530 tons of mica, including splittings; mica wastes were exported from Hong Kong SAR; increasing by 40% on the previous year's figure. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 125%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, mica, including splittings; mica waste exports surged to $525K in 2022. Overall, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Mica, Including Splittings; Mica Waste in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China16916819247441.0%
VietnamN/AN/A4.6N/A0%
MalaysiaN/AN/A13.7N/A0%
Others16.365.432.751.446.6%
Total18623324352541.3%

Top Export Markets for Mica, Including Splittings; Mica Waste from Hong Kong SAR in 2022:

  1. China (526.5 tons)

Source: IndexBox Market Intelligence Platform

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