Mexico: Mica Market 2024

Mica Market Size in Mexico

The Mexican mica market soared to $X in 2023, rising by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a deep downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2023, consumption stood at a somewhat lower figure.

Mica Exports

Exports from Mexico

After three years of decline, overseas shipments of mica increased by X% to X kg in 2022. Overall, exports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of X kg. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, mica exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for mica exports from Mexico, with a X% share of total exports. Moreover, mica exports to the United States exceeded the volume sent to the second major destination, Guatemala (X kg), fourfold. Costa Rica (X kg) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (X% per year) and Costa Rica (X% per year).

In value terms, the United States ($X) remains the key foreign market for mica exports from Mexico, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports. It was followed by Guatemala, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Guatemala (X% per year).

Export Prices by Country

The average mica export price stood at $X per ton in 2022, declining by X% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, mica export price decreased by X% against 2018 indices. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Colombia ($X per ton), while the average price for exports to Guatemala ($X 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 Guatemala (X%), while the prices for the other major destinations experienced mixed trend patterns.

Mica Imports

Imports into Mexico

In 2023, approx. X tons of mica were imported into Mexico; growing by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports remained at a lower figure.

In value terms, mica imports skyrocketed to $X in 2023. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) constituted the largest mica supplier to Mexico, with a X% share of total imports. Moreover, mica imports from the United States exceeded the figures recorded by the second-largest supplier, Spain (X tons), tenfold. The third position in this ranking was taken by Italy (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from the United States amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Italy (X% per year).

In value terms, the United States ($X) constituted the largest supplier of mica to Mexico, comprising X% of total imports. The second position in the ranking was held by Italy ($X), with a X% share of total imports. It was followed by China, with a X% share.

From 2012 to 2023, the average annual growth rate of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (X% per year) and China (X% per year).

Import Prices by Country

In 2023, the average mica import price amounted to $X per ton, waning by X% against the previous year. In general, the import price saw a abrupt curtailment. The pace of growth was the most pronounced in 2015 an increase of X%. The import price peaked at $X per ton in 2016; however, from 2017 to 2023, import prices failed to regain momentum.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform