Market research

Crude and rifted sheets or splittings mica market in South Korea

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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Earlier Report Observations

The market for crude and rifted sheets or splittings mica in South Korea experienced notable fluctuations between 2018 and 2022. Volume grew substantially from 18 095 t in 2018 to a peak of 24 280 t in 2019, driven by a surge in domestic production.

A sustained downward trend followed from 2020. The market size declined to 22 230 t in 2020 and then contracted sharply to 12 267 t in 2021. This drop accelerated in 2022, with the market falling to 5 520 t, as domestic production volumes collapsed to a fraction of their previous levels.

For the years 2023 and 2024, official market size data is not available. However, import volumes, which had fallen to 836 t in 2022, recovered to 1 209 t in 2023 and increased further to 2 098 t in 2024, indicating a change in supply dynamics for the later period.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in South Korea
  1. 5.1.1. Annual dynamics of production in South Korea in kind, 2018-2022, t
  2. 5.1.2. Annual dynamics of production in South Korea in value, 2018-2022, $ US
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/kg
    1. 6.1.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
    2. 6.1.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to South Korea in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to South Korea by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to South Korea in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to South Korea by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/kg
    1. 6.2.4.1. Annual dynamics of average price of product's imports to South Korea, 2018-2024, $ US/kg
    2. 6.2.4.2. Dynamics of average price of product's imports to South Korea by countries, 2018-2024, $ US/kg
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/kg
    1. 7.1.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
    2. 7.1.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from South Korea in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from South Korea by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from South Korea in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from South Korea by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/kg
    1. 7.2.4.1. Annual dynamics of average price of product's exports from South Korea, 2018-2024, $ US/kg
    2. 7.2.4.2. Dynamics of average price of product's exports from South Korea by countries, 2018-2024, $ US/kg
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production crude and rifted sheets or splittings mica in South Korea

In kind, 2017-2020, t

From 2017 to 2020, South Korea ranked sixth globally in the production of crude and rifted sheets or splittings mica.

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

Source: SHEV.io

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

Source: SHEV.io

South Korea's production of crude and rifted sheets or splittings mica declined after two years of growth. In 2020, the country produced 20 983 tonnes, marking a 10.5% decrease from the previous year. Over the 2017-2020 period, production rose by 44%, which translates to an annualized growth rate of 12.9%. The highest output was recorded in 2019 at 23 433 tonnes, with the largest year-on-year increase of 41.5% also occurring that year.

Annual dynamics of production in South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	13.6%	41.5%	(10.5%)	12.9%

Source: SHEV.io

Exports crude and rifted sheets or splittings mica from South Korea

Exports in kind, t

South Korea's exports of crude and rifted sheets or splittings mica grew for the third consecutive year. In 2020, exports reached 6 tonnes, representing a 320.7% increase compared to the previous year. From 2017 to 2020, exports surged by 483.5%, averaging an annual growth rate of 80.0%.

Annual dynamics of product's exports from South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	25.3%	10.7%	320.7%	80.0%

Source: SHEV.io

Between 2017 and 2020, the United States, Bahrain, and the Philippines were the primary destinations for South Korea's exports in kind, accounting for 80.0% of total flows. The United States led with 60.7% of exports, followed by Bahrain at 10.1% and the Philippines at 9.2%.

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

Source: SHEV.io

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

Source: SHEV.io

Exports in value, K $ US

The market exhibited volatility during the observed period. Exports in value terms peaked in 2018 at 11 000 US dollars and hit their lowest point in 2017, with a 5.2-fold difference between these years. In 2020, South Korea exported 3 000 US dollars worth of crude and rifted sheets or splittings mica, reflecting a sharp decline of 68.9% year-over-year. The largest increase occurred in 2018, with a jump of 424.0%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	424.0%	(5.0%)	(68.9%)	15.7%

Source: SHEV.io

From 2017 to 2020, Indonesia, Bahrain, and Italy were the main markets for South Korea's exports in value terms, collectively absorbing 69.3% of total flows. Indonesia accounted for 31.8% of exports, Bahrain for 20.7%, and Italy for 16.8%.

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

Source: SHEV.io

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

Source: SHEV.io

Imports crude and rifted sheets or splittings mica to South Korea

Imports in kind, t

South Korea's imports of crude and rifted sheets or splittings mica increased after a two-year decline. In 2020, imports totaled 1 254 tonnes, up by 47.8% from the previous year. Over the 2017-2020 period, imports fell by 26.8%, with a compound annual growth rate of -9.9%. The lowest volume was recorded in 2019 at 848 tonnes, which also saw the largest decline of 44.8%.

Annual dynamics of product's imports to South Korea in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(10.2%)	(44.8%)	47.8%	(9.9%)

Source: SHEV.io

Throughout 2017-2020, India dominated South Korea's imports in kind, holding 72.4% of the total volume. The remaining imports were distributed among various countries with smaller individual shares.

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

Source: SHEV.io

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

Source: SHEV.io

Imports in value, K $ US

South Korea imported 647 000 US dollars worth of crude and rifted sheets or splittings mica in 2020, showing a modest increase of 8.9% compared to 2019. Over the 2017-2020 period, imports decreased by 36.9%, with a compound annual growth rate of -14.2%. The lowest value was recorded in 2019 at 594 000 US dollars, while the peak occurred in 2018 at 1 037 000 US dollars. The largest decline took place in 2019, with a drop of 42.7%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	1.2%	(42.7%)	8.9%	(14.2%)

Source: SHEV.io

In the 2017-2020 period, India was the leading source for South Korea's imports in value terms, accounting for 76.8% of total flows. The remainder was spread across other trading partners.

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

Source: SHEV.io

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

Source: SHEV.io