In 2023, India and China continue to dominate the global mica export market with values of 99.361 and 60.941 million US dollars, respectively. The market showed mixed trends: India's exports grew by 2.74%, while China saw a 2.86% increase. Key contributors like Canada and Japan experienced declines of 0.75% and 5.86%. Meanwhile, emerging players such as Madagascar and South Korea showed notable growth rates of 4.28% and 6.87%. Slovenia and Tanzania boasted significant year-on-year increases at 9.57% and 28.51%, respectively, while Greece faced a steep decline of 38.99%.
Future trends to watch in global mica exports include:
- Continued growth in Asian markets, led by China and India, with innovation and manufacturing in the electronics industry possibly driving demand.
- The diversification of suppliers, with emerging players like Madagascar and other African nations gaining traction.
- Potential geopolitical factors affecting trade dynamics, such as shifts in regulatory frameworks and bilateral relations impacting exports from key players such as the United States and Russia.
Top countries in Export of Mica by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 99,361,000 | 2023 | +3.93% | +2.74% | View data |
| 2 | 2 China | 60,941,000 | 2023 | +3.57% | +2.86% | View data |
| 3 | 3 Canada | 12,166,000 | 2023 | +0.71% | -0.75% | View data |
| 4 | 4 United States | 11,710,000 | 2023 | +1.22% | +1.16% | View data |
| 5 | 5 Madagascar | 10,778,000 | 2023 | +5.2% | +4.28% | View data |
| 6 | 6 France | 9,722,300 | 2023 | +0.55% | +0.31% | View data |
| 7 | 7 Japan | 7,746,400 | 2023 | -1.25% | -5.86% | View data |
| 8 | 8 Germany | 7,384,200 | 2023 | +1.84% | +1.81% | View data |
| 9 | 9 United Kingdom | 7,114,300 | 2023 | +1.15% | +0.52% | View data |
| 10 | 10 Finland | 3,460,800 | 2023 | +0.65% | +1.22% | View data |
