MERCOSUR: Mica Market 2024

Mica Market Size in MERCOSUR

The MERCOSUR mica market declined to $X in 2023, waning by X% against the previous year. In general, consumption, however, continues to indicate resilient growth. Over the period under review, the market reached the maximum level at $X in 2022, and then fell in the following year.

Mica Production in MERCOSUR

In value terms, mica production amounted to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2023, production growth remained at a somewhat lower figure.

Mica Exports

Exports in MERCOSUR

In 2023, mica exports in MERCOSUR fell to X tons, declining by X% on 2022 figures. Over the period under review, exports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

In value terms, mica exports expanded markedly to $X in 2023. In general, exports continue to indicate a mild reduction. The growth pace was the most rapid in 2021 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

The biggest shipments were from Brazil (X tons), together amounting to X% of total export.

Brazil was also the fastest-growing in terms of the mica exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) also remains the largest mica supplier in MERCOSUR.

In Brazil, mica exports declined by an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2023, rising by X% against the previous year. Export price indicated a notable increase from 2012 to 2023: its price 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, mica export price increased by X% against 2019 indices. The pace of growth was the most pronounced in 2016 when the export price increased by X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Brazil.

From 2012 to 2023, the rate of growth in terms of prices for Brazil amounted to X% per year.

Mica Imports

Imports in MERCOSUR

In 2023, imports of mica in MERCOSUR contracted markedly to X tons, falling by X% against the previous year. In general, imports saw a abrupt slump. The pace of growth was the most pronounced in 2022 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2023, imports remained at a lower figure.

In value terms, mica imports shrank dramatically to $X in 2023. Over the period under review, imports showed a abrupt curtailment. The pace of growth appeared the most rapid in 2022 when imports increased by X%. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Argentina (X tons) was the largest importer of mica, comprising X% of total imports. Brazil (X tons) ranks second in terms of the total imports with a X% share, followed by Colombia (X%). Chile (X tons) followed a long way behind the leaders.

Imports into Argentina decreased at an average annual rate of X% from 2012 to 2023. Chile experienced a relatively flat trend pattern. Colombia (X%) and Brazil (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Argentina and Colombia increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest mica importing markets in MERCOSUR were Brazil ($X), Argentina ($X) and Colombia ($X), with a combined X% share of total imports. Chile lagged somewhat behind, comprising a further X%.

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

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2023, picking up by X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, mica import price decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

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 Brazil ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform