India - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Manganese Price in India Bottoms at $1,148 per Ton
India Ferro-Manganese Export Price in October 2022
In October 2022, the ferro-manganese price amounted to $1,148 per ton (FOB, India), declining by -9.9% against the previous month. Overall, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in April 2022 when the average export price increased by 4.6% month-to-month. Over the period under review, the average export prices reached the peak figure at $1,882 per ton in January 2022; however, from February 2022 to October 2022, the export prices failed to regain momentum.
Average prices varied somewhat for the major export markets. In October 2022, the highest price was recorded for prices to the United Arab Emirates ($1,313 per ton) and Oman ($1,263 per ton), while the average price for exports to Vietnam ($889 per ton) and Thailand ($920 per ton) were amongst the lowest.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.2%), while the prices for the other major destinations experienced a decline.
India Ferro-Manganese Export Prices by Type
Average prices varied somewhat for the major types of exported product. In October 2022, the product with the highest price was ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($1,547 per ton), while the average price for exports of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon amounted to $1,050 per ton.
From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for the following types: ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (-3.7%).
India Ferro-Manganese Exports
In October 2022, approximately 50K tons of ferro-manganese were exported from India; growing by 33% against the month before. Overall, exports, however, continue to indicate a relatively flat trend pattern. The exports peaked at 70K tons in February 2022; however, from March 2022 to October 2022, the exports stood at a somewhat lower figure.
In value terms, ferro-manganese exports skyrocketed to $57M (IndexBox estimates) in October 2022. Over the period under review, exports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in February 2022 with an increase of 21% month-to-month. As a result, the exports reached the peak of $122M. From March 2022 to October 2022, the growth of the exports remained at a lower figure.
India Ferro-Manganese Exports by Type
Ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (40K tons) was the largest type of ferro-manganese exported from India, with a 80% share of total exports. Moreover, ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon exceeded the volume of the second product type, ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (9.8K tons), fourfold.
From January 2022 to October 2022, the average monthly rate of growth in terms of the volume of export of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon was relatively modest.
In value terms, ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon ($42M) remains the largest type of ferro-manganese exported from India, comprising 73% of total exports. The second position in the ranking was taken by ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($15M), with a 27% share of total exports.
From January 2022 to October 2022, the average monthly growth rate of the export volume of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon totaled -4.2%.
India Ferro-Manganese Exports by Country
the United States (17K tons), the United Arab Emirates (14K tons) and Italy (2.7K tons) were the main destinations of ferro-manganese exports from India, together accounting for 68% of total exports.
From January 2022 to October 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the United States (with a CAGR of +40.1%), while the other leaders experienced more modest paces of growth.
In value terms, the largest markets for ferro-manganese exported from India were the United States ($19M), the United Arab Emirates ($18M) and Italy ($2.5M), with a combined 70% share of total exports.
the United States, with a CAGR of +39.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.
Factors Affecting Ferro-Manganese Prices
The ferro-manganese price in India is determined by the international market price for manganese ore, as well as the domestic production costs and transporting the finished product. Indian ferro-manganese producers typically have lower production costs than their international counterparts, due to lower labor and energy costs. As a result, they are able to sell their product at a lower price than what would be possible in other markets.
The price of ferro-manganese in India has been on the rise in recent months, due to strong demand from the steel industry. Indian steelmakers have been ramping up production to meet rising domestic and global demand, and this has led to increased demand for ferro-manganese.
The vast majority of ferro-manganese production in India is exported, as there is not enough domestic demand to absorb all of the output. However, with prices rising, more Indian steelmakers are starting to use ferro-manganese in their own production. This is likely to lead to increased domestic demand for the material in the future.
This report provides an in-depth analysis of the ferro-manganese market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 24101215 - Ferro-manganese
Country coverage:
- India
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in India
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
