Price for Mica, Including Splittings; Mica Waste in Panama - 2023

Contents:

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

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

The average import price for mica, including splittings; mica wastes stood at $2,342 per ton in 2022, waning by -20.8% against the previous year. Over the period under review, the import price, however, showed a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 69% against the previous year. Over the period under review, average import prices hit record highs at $2,956 per ton in 2021, and then reduced notably in the following year.

As there is only one major supplying country, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +47.3% per year.

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

In 2022, the average export price for mica, including splittings; mica wastes amounted to $2,528 per ton, shrinking by -5.5% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $3,057 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 Venezuela ($5,884 per ton), while the average price for exports to Barbados amounted to $2,363 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Barbados (+6.6%).

Imports of Mica, Including Splittings; Mica Waste in Panama

After three years of growth, overseas purchases of mica, including splittings; mica wastes decreased by -15.4% to 500 kg in 2022. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 136%.

In value terms, mica, including splittings; mica waste imports dropped significantly to $1.2K in 2022. Overall, imports, however, recorded a significant increase. The growth pace was the most rapid in 2020 when imports increased by 292% against the previous year.

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

1. Colombia (500.0 kg)

Exports of Mica, Including Splittings; Mica Waste in Panama

After three years of growth, shipments abroad of mica, including splittings; mica wastes decreased by -40.2% to 4.7 tons in 2022. Overall, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 406%. As a result, the exports attained the peak of 7.8 tons, and then declined notably in the following year.

In value terms, mica, including splittings; mica waste exports shrank notably to $12K in 2022. In general, exports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 669%. As a result, the exports reached the peak of $21K, and then contracted remarkably in the following year.

Top Export Markets for Mica, Including Splittings; Mica Waste from Panama in 2022:

1. Barbados (4.5 tons)
2. Venezuela (0.2 tons)

Source: IndexBox Market Intelligence Platform