Mica; Powder Price in Australia - 2023

Contents:

  1. Mica; Powder Price in Australia (CIF) - 2022
  2. Mica; Powder Price in Australia (FOB) - 2022
  3. Mica; Powder Imports in Australia
  4. Mica; Powder Exports in Australia

Mica; Powder Price in Australia (CIF) - 2022

In 2022, the average mica; powder import price amounted to $723 per ton, surging by 29% against the previous year. In general, the import price showed a buoyant expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, 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 +10.2% per year.

Mica; Powder Price in Australia (FOB) - 2022

In 2022, the average mica; powder export price amounted to $2,933 per ton, surging by 23% against the previous year. Over the period under review, the export price saw a buoyant expansion. The growth pace was the most rapid in 2019 when the average export price increased by 332%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in years to come.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($3,077 per ton), while the average price for exports to Malaysia stood at $2,562 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+1.2%), while the prices for the other major destinations experienced a decline.

Mica; Powder Imports in Australia

In 2022, overseas purchases of mica; powders decreased by -21% to 1.4K tons, falling for the second year in a row after two years of growth. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of 4.7%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, mica; powder imports expanded slightly to $985K in 2022. The total import value increased at an average annual rate of +5.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 15% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Import of Mica; Powder in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China7587868379236.8%
Others92.350.212662.2-12.3%
Total8508369639855.0%

Top Suppliers of Mica; Powder to Australia in 2022:

  1. China (1355.4 tons)

Mica; Powder Exports in Australia

In 2022, approx. 6.5 tons of mica; powders were exported from Australia; growing by 24% on 2021 figures. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 9,292%. As a result, the exports attained the peak of 7 tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, mica; powder exports soared to $19K in 2022. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 2,246%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

Export of Mica; Powder in Australia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/AN/A14.40%
MalaysiaN/AN/AN/A4.70%
ThailandN/A0.16.3N/A6200.0%
VietnamN/A4.5N/AN/A0%
Others0.20.16.1N/A452.3%
Total0.24.712.519.0356.3%

Top Export Markets for Mica; Powder from Australia in 2022:

  1. United States (4.7 tons)
  2. Malaysia (1.8 tons)

Source: IndexBox Market Intelligence Platform

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