Mica; Powder Price in Indonesia - 2022

Contents:

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

Mica; Powder Price in Indonesia (CIF) - 2022

The average mica; powder import price stood at $861 per ton in March 2022, falling by -30.8% against the previous month. Over the period under review, the import price continues to indicate a abrupt setback. The pace of growth was the most pronounced in May 2021 an increase of 390% month-to-month. As a result, import price attained the peak level of $3,677 per ton. From June 2021 to March 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($5,788 per ton), while the price for Malaysia ($299 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was attained by China (+17.0%), while the prices for the other major suppliers experienced a decline.

Mica; Powder Price in Indonesia (FOB) - 2022

In 2022, the average mica; powder export price amounted to $3,262 per ton, jumping by 27% against the previous year. Overall, the export price saw a modest expansion. The pace of growth appeared the most rapid in 2019 when the average export price increased by 193%. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($4,869 per ton), while the average price for exports to China ($1,763 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+8.7%), while the prices for the other major destinations experienced mixed trend patterns.

Mica; Powder Imports in Indonesia

For the fourth consecutive year, Indonesia recorded growth in supplies from abroad of mica; powders, which increased by 27% to 3.5K tons in 2022. The total import volume increased at an average annual rate of +13.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, mica; powder imports declined notably to $2.5M in 2022. Over the period under review, imports, however, saw a deep contraction. The growth pace was the most rapid in 2021 with an increase of 26% against the previous year.

Top Suppliers of Mica; Powder to Indonesia in 2022:

1. Malaysia (2166.5 tons)
2. India (613.4 tons)
3. China (229.6 tons)
4. South Korea (121.9 tons)
5. Norway (71.5 tons)
6. Japan (70.1 tons)

Mica; Powder Exports in Indonesia

In 2022, shipments abroad of mica; powders decreased by -20.2% to 18 tons, falling for the second year in a row after two years of growth. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 1,042% against the previous year. As a result, the exports attained the peak of 32 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.

In value terms, mica; powder exports rose slightly to $58K in 2022. In general, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 798% against the previous year. As a result, the exports attained the peak of $59K. From 2021 to 2022, the growth of the exports remained at a lower figure.

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

1. Poland (5.7 tons)
2. China (3.8 tons)
3. Vietnam (2.4 tons)
4. Singapore (0.2 tons)

Source: IndexBox Market Intelligence Platform