Eastern Europe: Mica Market 2024

Mica Market Size in Eastern Europe

In 2023, the East European mica market was finally on the rise to reach $X for the first time since 2019, thus ending a three-year declining trend. Over the period under review, consumption, however, faced a abrupt decline. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Mica Production in Eastern Europe

In value terms, mica production reached $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2016 to 2023, production growth remained at a lower figure.

Mica Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded growth in shipments abroad of mica, which increased by X% to X tons in 2023. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure in 2023 and are likely to see steady growth in the near future.

In value terms, mica exports surged to $X in 2023. Overall, exports showed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports hit record highs in 2023 and are likely to see gradual growth in the immediate term.

Exports by Country

Russia dominates exports structure, finishing at X tons, which was approx. X% of total exports in 2023. The Czech Republic (X tons) followed a long way behind the leaders.

Russia was also the fastest-growing in terms of the mica exports, with a CAGR of X% from 2012 to 2023. The Czech Republic experienced a relatively flat trend pattern. While the share of Russia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of the Czech Republic (X p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest mica supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a X% share of total exports.

In Russia, mica exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, growing by X% against the previous year. Over the period under review, the export price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Russia ($X per ton), while the Czech Republic totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Czech Republic (X%).

Mica Imports

Imports in Eastern Europe

In 2023, supplies from abroad of mica increased by X% to X tons, rising for the third consecutive year after two years of decline. Total imports indicated a moderate increase from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, mica imports reduced to $X in 2023. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted in the following year.

Imports by Country

Russia was the largest importing country with an import of about X tons, which accounted for X% of total imports. The Czech Republic (X tons) took the second position in the ranking, distantly followed by Romania (X tons). All these countries together held approx. X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Russia (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Russia ($X), the Czech Republic ($X) and Romania ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2023, the import price in Eastern Europe amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the import price saw a pronounced reduction. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2020; however, from 2021 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Romania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Romania (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform