The mica market in South Korea showed a marginal growth pattern from 2013 to 2018, peaking in 2018 at 20.869 million USD. A significant decline occurred in 2019 and 2020, with values decreasing to 17.743 million USD in 2020. From 2021 to 2023, a gradual recovery was observed, with the market standing at 18.56 million USD in 2023. The year-on-year growth rate improved slightly, but the five-year CAGR indicates an average annual decline of 2.32%.
Future trends to watch include technological advancements in mica applications, evolving environmental regulations influencing mica mining, and economic changes affecting demand in key industries such as electronics and construction.
| # | 13 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Germany | 49,008,000 | 2023 | -1.49% | -1.59% | View data |
| 2 | 2 Italy | 27,767,000 | 2023 | +1.44% | +0.94% | View data |
| 3 | 3 Brazil | 22,750,000 | 2023 | -1.78% | -1.6% | View data |
| 4 | 4 United Kingdom | 20,557,000 | 2023 | -0.23% | -0.58% | View data |
| 5 | 5 France | 20,000,000 | 2023 | -1.65% | -2.16% | View data |
| 6 | 6 South Korea | 18,560,000 | 2023 | +1.46% | -2.32% | |
| 7 | 7 Canada | 16,398,000 | 2023 | -0.047% | -0.88% | View data |
| 8 | 8 Australia | 5,552,800 | 2023 | +2.18% | +2.14% | View data |
