Europe: Mica Market 2024

Mica Market Size in Europe

The Europe mica market plummeted to $X in 2023, with a decrease of X% against the previous year. Over the period under review, consumption, however, saw a abrupt decrease. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market remained at a lower figure.

Mica Production in Europe

In value terms, mica production amounted to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2021 to 2023, production growth remained at a somewhat lower figure.

Mica Exports

Exports in Europe

After two years of growth, shipments abroad of mica decreased by X% to X tons in 2023. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of export peaked at X tons in 2022, and then reduced dramatically in the following year.

In value terms, mica exports fell to $X in 2023. Overall, exports recorded a perceptible descent. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

Spain (X tons) and Russia (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Finland (X tons), generating an X% share of total exports. Norway (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Russia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest mica supplying countries in Europe were Spain ($X), Russia ($X) and Finland ($X), together comprising X% of total exports.

Among the main exporting countries, Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Europe stood at $X per ton in 2023, increasing by X% against the previous year. In general, the export price, however, saw a slight shrinkage. The pace of growth was the most pronounced in 2020 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Norway ($X per ton), while Finland ($X per ton) was amongst the lowest.

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

Mica Imports

Imports in Europe

In 2023, imports of mica in Europe declined to X tons, falling by X% compared with the previous year. In general, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, mica imports shrank remarkably to $X in 2023. Over the period under review, imports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports failed to regain momentum.

Imports by Country

Germany represented the main importing country with an import of around X tons, which finished at X% of total imports. Russia (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%), the Czech Republic (X%) and the UK (X%). Romania (X tons) and Belgium (X tons) held a little share of total imports.

From 2012 to 2023, average annual rates of growth with regard to mica imports into Germany stood at X%. At the same time, France (X%), the UK (X%), Russia (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, France emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2023. By contrast, Romania (X%) and Belgium (X%) illustrated a downward trend over the same period. While the share of France (X p.p.), Russia (X p.p.), the Czech Republic (X p.p.) and the UK (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Germany (X p.p.) and Belgium (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($X) constitutes the largest market for imported mica in Europe, comprising X% of total imports. The second position in the ranking was taken by Russia ($X), with a X% share of total imports. It was followed by France, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Germany amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Russia (X% per year) and France (X% per year).

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, dropping by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2022 when the import price increased by X%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Romania ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Germany (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform