Crude and rifted sheets or splittings mica market in Asia

Earlier Report Observations

The Asian market for crude and rifted sheets or splittings mica saw its volume decline from 194.4 thousand tons in 2018 to 177.7 thousand tons in 2019, then stabilize around 176.5 thousand tons in 2020. A recovery followed, with the market growing to 186.6 thousand tons in 2021 and reaching 209.4 thousand tons in 2022. This expansion unfolded alongside a gradual decrease in domestic production, which fell from 129.9 thousand tons in 2019 to 99.0 thousand tons in 2022, and was supported by a steady rise in imports.

Import growth accelerated sharply after 2022, with volumes increasing to 137.1 thousand tons in 2023 and surging to 232.2 thousand tons in 2024. Concurrently, exports peaked at 8.0 thousand tons in 2023 before dropping significantly to 3.1 thousand tons in 2024. The market's trajectory in the latter part of the period was characterized by a heavy reliance on rising import flows.

Production crude and rifted sheets or splittings mica in Asia

In kind, 2017-2020, K t

Top producers of crude and rifted sheets or splittings mica, 2017-2020

World map of production of crude and rifted sheets or splittings mica, 2017-2020

In 2019, Asia produced 129.9 thousand tons of crude and rifted sheets or splittings mica, marking the highest output in recent years. However, production declined to 114.3 thousand tons in 2020, representing a 12.0% decrease from the previous year. Over the period from 2017 to 2020, overall production fell by 10.2%, with a compound annual growth rate (CAGR) of -3.5%. The lowest production level was recorded in 2018 at 112.1 thousand tons. The most significant year-on-year increase occurred in 2019, with a rise of 15.8%.

Annual dynamics of production in Asia in kind, 2017-2020, K t

Exports crude and rifted sheets or splittings mica from Asia

Exports in kind, K t

In 2020, Asia's exports of crude and rifted sheets or splittings mica amounted to 3.8 thousand tons, reflecting a 15.9% decrease compared to 2019. Over the four-year span from 2017 to 2020, exports declined by 28.8%, which translates to an annualized rate of -10.7%. The lowest export volume was recorded in 2018 at 3.5 thousand tons. The sharpest decline occurred in 2018, with a drop of 34.7%, while the largest increase was observed in 2019, with a growth of 29.9%.

Annual dynamics of product's exports from Asia in kind, 2017-2020, K t

From 2017 to 2020, Asia exported crude and rifted sheets or splittings mica to numerous countries worldwide. Even the top destinations—the United Kingdom, Asia (not elsewhere specified), and Belgium—collectively accounted for only 32.5% of total export volumes during this period.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from Asia in kind, 2017-2020

Exports in value, K $ US

Asia's exports of crude and rifted sheets or splittings mica in value terms have grown for the third consecutive year. In 2020, exports reached 5 959 thousand US dollars, up by 1.7% from 2019. Over the period from 2017 to 2020, export value increased by 52.9%, with a compound annual growth rate (CAGR) of 15.2%.

Annual dynamics of product's exports from Asia in value, 2017-2020, K $ US

Between 2017 and 2020, the United Kingdom, the United States, and Asia (not elsewhere specified) were the key partners for Asia's exports of crude and rifted sheets or splittings mica in value terms. The United Kingdom accounted for 57.4% of export value, the United States for 1.6%, and Asia (not elsewhere specified) for 1.1%. Together, these three destinations represented 60.0% of total export flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from Asia in value, 2017-2020

Imports crude and rifted sheets or splittings mica to Asia

Imports in kind, K t

Following a two-year decline, Asia's imports of crude and rifted sheets or splittings mica in volume terms rebounded in 2020. Import volume reached 66.0 thousand tons, up by 26.1% from the previous year. However, over the period from 2017 to 2020, overall imports decreased by 34.6%, equating to an annualized rate of -13.2%. The lowest import volume was recorded in 2019 at 52.3 thousand tons, which also saw the largest decline of 39.0%.

Annual dynamics of product's imports to Asia in kind, 2017-2020, K t

From 2017 to 2020, Madagascar, Nigeria, and Finland were the primary sources for Asia's imports of crude and rifted sheets or splittings mica in volume terms. Madagascar contributed 28.0% of import volume, Nigeria 5.3%, and Finland 1.5%. Collectively, these three countries accounted for 34.7% of total import flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to Asia in kind, 2017-2020

Imports in value, K $ US

In 2020, Asia imported 65 927 thousand US dollars worth of crude and rifted sheets or splittings mica, showing a modest increase of 2.1% compared to 2019. Over the period from 2017 to 2020, import value rose by 3.2%, with a compound annual growth rate (CAGR) of 1.1%. The highest import value was recorded in 2018 at 88 932 thousand US dollars, which also experienced the largest increase of 39.3%. The most significant decline occurred in 2019, with a drop of 27.4%.

Annual dynamics of product's imports to Asia in value, 2017-2020, K $ US

During 2017–2020, Madagascar, Nigeria, and Brazil were the leading contributors to Asia's imports of crude and rifted sheets or splittings mica in value terms. Madagascar accounted for 15.5% of import value, Nigeria for 2.8%, and Brazil for 1.3%. Together, these three countries represented 19.6% of total import flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to Asia in value, 2017-2020