Vermiculite Price Trend and Forecast

Vermiculite Regional Price Overview

Get the latest insights on price movement and trend analysis of Vermiculite in different regions across the world (Asia, Europe, North America, Latin America, and the Middle East & Africa).

Vermiculite Price Trend for First Half of 2024

Stay updated with the latest Vermiculite prices, historical data, and tailored regional analysis
 

Vermiculite is a phyllosilicate mineral that is capable of significant expansion when heated and is known as an exfoliant. It is widely used as an insulator in construction, a soil conditioner in agriculture and horticulture, and a packing material for hazardous substances.
 

Vermiculite Price Chart

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Throughout the first half of the year 2024, vermiculite prices have been largely stable. The first quarter was relatively more positively inclined compared to the second quarter. Consumer demands from the construction and agriculture sectors remained the primary driver for vermiculite prices during this time.

For the majority of the first quarter, the vermiculite prices averaged around 456 USD/MT (CIF) in the Indian market, while in the second quarter, the prices averaged about 433 USD/MT for most of the second quarter. Overall, the monthly average prices went from about 450 USD/MT (CIF) in Jauary’24 to around 435 USD/MT in June’24. Conclusively, the vermiculite prices exhibited significant stability for the entire span of H1’24.

Analyst Insight

According to Procurement Resource, going forward, some improvement is expected in Vermiculite prices; however, in the short term, the market outlook appears largely stable.
 

Vermiculite Price Trend for the Second Half of 2023

In 2023, India's vermiculite production experienced a notable decline, dropping by nearly 25% as compared to the previous year. Despite this reduction in volume, the pricing outlook for vermiculite increased due to several factors.

The mineral's diverse applications in industries such as construction and agriculture continued to drive demand and resulted in the positive growth of vermiculite prices from approximately 424 USD/MT to 450 USD/MT during the H2 of 2023. Vermiculite is known for its unique ability to expand and exfoliate when heated, making it an excellent insulator and a valuable soil amendment that improves structure and water retention.

The construction industry relies on vermiculite for its insulating properties, which enhances energy efficiency in buildings, while the agricultural sector benefits from its soil conditioning property. These persistent demands, coupled with the reduced supply, created a favorable environment for price increases. Additionally, global supply chain disruptions and increased energy costs further contributed to higher production expenses, which were reflected in the pricing trajectory of not only India but also Indonesia.

In Indonesia, the changes in the mining sector led to the settlement of vermiculite prices on a slightly lower end of the spectrum. In the initial phase of H2'23, the prices there averaged around 625 USD/MT, but near the end of the year, the average dropped to around 615 USD/MT.

Analyst Insight

According to Procurement Resource, the price of Vermiculite is expected to decline given the current challenges around the global mining sector.
 

Vermiculite Price Trend for the First Half of 2023

Vermiculites are naturally occurring minerals, generally made up of various metal oxides like Aluminium oxide, Iron Oxide, Magnesium Oxide, and Potassium Oxide. Vermiculites are generally employed to make fire safe products and equipment for gardening, automotive, and construction sectors.

During the said period of the first half of the year 2023, a fluctuating price trend was observed for Vermiculite. Demands started slow but became steady going forward. However, the inventories were already well capable of catering to the existing demands.  The overstocking issues also pulled down the Vermiculite prices occasionally.  Overall, the Vermiculite market remained afloat during H1’23.

Analyst Insight

According to Procurement Resource, similar market fluctuations are expected in the Vermiculite market going forward, since there is not much change anticipated in the demand patterns of Vermiculites.

Procurement Resource provides latest prices of Vermiculite. Each price database is tied to a user-friendly graphing tool dating back to 2014, which provides a range of functionalities: configuration of price series over user defined time period; comparison of product movements across countries; customisation of price currencies and unit; extraction of price data as excel files to be used offline.