The export landscape for mica in crude form, sheets, and splittings is dominated by India, leading with a value of $14.993 million in 2023. Year-over-year analysis highlights growth in countries like Madagascar (5.14%) and the United Arab Emirates (13.54%). Conversely, significant declines were noted in Russia (-38.31%) and South Korea (-29.67%). Despite a shrinking market for some, India's yearly average growth over the last five years remains stable at 3.31%, suggesting a robust supply chain.
Looking ahead, the forecast for 2024 indicates potential opportunities in Europe's emerging economies and increased scrutiny on ethical sourcing, which could impact market dynamics. Technology advances in mica processing could further alter competitive standings.
Top countries in Export of Mica in Crude Form, Sheets and Splittings by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 14,993,000 | 2023 | +4.06% | +3.31% | View data |
| 2 | 2 Madagascar | 6,654,900 | 2023 | +5.23% | +5.14% | View data |
| 3 | 3 China | 3,167,600 | 2023 | +3.13% | +3.27% | View data |
| 4 | 4 Brazil | 2,938,400 | 2023 | +2.55% | +2.59% | View data |
| 5 | 5 Spain | 1,021,800 | 2023 | +3.21% | +2.6% | View data |
| 6 | 6 Belgium | 556,850 | 2023 | -3.09% | +1.39% | View data |
| 7 | 7 Japan | 410,880 | 2023 | +0.38% | -2.21% | View data |
| 8 | 8 Norway | 373,450 | 2023 | -0.16% | -5% | View data |
| 9 | 9 United States | 218,750 | 2023 | -11.05% | -9.75% | View data |
| 10 | 10 Germany | 89,050 | 2023 | +0.88% | -0.37% | View data |
