Price for Mica, Including Splittings; Mica Waste in Oman - 2021

Price for Mica, Including Splittings; Mica Waste in Oman (CIF) - 2022

The average import price for mica, including splittings; mica wastes stood at $311 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, import price indicated a slight increase from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica, including splittings; mica waste import price increased by +56.8% against 2016 indices. The most prominent rate of growth was recorded in 2017 an increase of 24% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($1,099 per ton), while the price for Saudi Arabia ($49 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+10.7%), while the prices for the other major suppliers experienced a decline.

Price for Mica, Including Splittings; Mica Waste in Oman (FOB) - 2022

In 2022, the average export price for mica, including splittings; mica wastes amounted to $231 per ton, increasing by 3.6% against the previous year. Overall, the export price, however, saw a deep setback. The most prominent rate of growth was recorded in 2016 an increase of 37% against the previous year. The export price peaked at $524 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($297 per ton), while the average price for exports to the United Arab Emirates stood at $149 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-5.7%).

Imports of Mica, Including Splittings; Mica Waste in Oman

In 2022, the amount of mica, including splittings; mica wastes imported into Oman soared to 391 tons, surging by 16% compared with the previous year. Overall, imports showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 176% against the previous year. As a result, imports reached the peak of 449 tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, mica, including splittings; mica waste imports surged to $121K in 2022. Over the period under review, imports posted significant growth. The growth pace was the most rapid in 2020 with an increase of 209%. As a result, imports attained the peak of $139K. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Mica, Including Splittings; Mica Waste in Oman (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	7.7	40.1	4.9	87.3	124.7%
United Arab Emirates	2.6	47.2	22.5	20.8	100.0%
India	30.9	43.3	68.7	6.8	-39.6%
Saudi Arabia	0.5	3.6	5.8	4.9	114.0%
Others	3.2	4.7	2.1	1.6	-20.6%
Total	45.0	139	104	121	39.1%

Top Suppliers of Mica, Including Splittings; Mica Waste to Oman in 2022:

United Arab Emirates (176.8 tons)
Saudi Arabia (99.9 tons)
China (79.4 tons)
India (31.7 tons)

Exports of Mica, Including Splittings; Mica Waste in Oman

In 2022, after three years of growth, there was significant decline in shipments abroad of mica, including splittings; mica wastes, when their volume decreased by -7.2% to 3.2 tons. Over the period under review, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +18.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 with an increase of 53%.

In value terms, mica, including splittings; mica waste exports contracted modestly to $736 in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 when exports increased by 8.1% against the previous year.