South Africa - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingExport of Ferro-manganese From South Africa Sees a Substantial Increase to $9.7 Million in January 2024.
South Africa Ferro-Manganese Exports
Ferro-manganese exports from South Africa skyrocketed to 7.9K tons in January 2024, picking up by 172% compared with December 2023. In general, exports recorded a relatively flat trend pattern.
In value terms, ferro-manganese exports soared to $9.7M (IndexBox estimates) in January 2024. Over the period under review, exports, however, saw a slight setback.
| COUNTRY | Export Value of Ferro-Manganese in South Africa (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | Dec 2023 | Jan 2024 | |
| United States | 2.8 | 4.5 | 1.6 | 4.2 | 9.2 | < 0.1 | 5.9 | 6.0 | 0.2 | 6.2 | 4.4 | < 0.1 | 5.1 |
| Germany | 3.4 | 2.3 | 3.8 | 2.2 | 1.2 | 3.1 | 2.5 | 1.9 | 1.5 | 0.1 | 2.3 | 1.9 | 2.1 |
| Austria | 3.2 | 0.5 | 0.8 | 1.9 | 0.7 | 1.0 | N/A | 0.7 | 0.5 | N/A | 1.2 | 0.6 | 1.3 |
| France | 0.7 | 0.7 | 0.7 | 0.7 | 0.6 | N/A | 0.6 | 0.6 | 0.5 | 0.5 | N/A | 0.5 | N/A |
| Others | 1.6 | 6.5 | 1.0 | 1.9 | 2.0 | 0.7 | 0.4 | 0.4 | 0.8 | 1.3 | 0.4 | 0.5 | 1.2 |
| Total | 11.7 | 14.6 | 7.9 | 10.8 | 13.7 | 4.9 | 9.4 | 9.7 | 3.5 | 8.1 | 8.3 | 3.6 | 9.7 |
Exports by Country
The United States (4.1K tons) was the main destination for ferro-manganese exports from South Africa, accounting for a 52% share of total exports. Moreover, ferro-manganese exports to the United States exceeded the volume sent to the second major destination, Germany (1.6K tons), threefold.
From January 2023 to January 2024, the average monthly growth rate of volume to the United States amounted to +10.0%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-3.3% per month) and Austria (-6.5% per month).
In value terms, the United States ($5.1M) emerged as the key foreign market for ferro-manganese exports from South Africa, comprising 53% of total exports. The second position in the ranking was taken by Germany ($2.1M), with a 22% share of total exports.
From January 2023 to January 2024, the average monthly growth rate of value to the United States stood at +5.1%. Exports to the other major destinations recorded the following average monthly rates of exports growth: Germany (-3.9% per month) and Austria (-7.5% per month).
Exports by Type
Ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (5.7K tons) was the largest type of ferro-manganese exported from South Africa, with a 72% share of total exports. Moreover, ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon exceeded the volume of the second product type, ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (2.2K tons), threefold.
From January 2023 to January 2024, the average monthly growth rate of the volume of export of ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon amounted to +2.8%.
In value terms, ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($7.5M) remains the largest type of ferro-manganese exported from South Africa, comprising 78% of total exports. The second position in the ranking was held by ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon ($2.2M), with a 22% share of total exports.
From January 2023 to January 2024, the average monthly rate of growth in terms of the export volume of ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon was relatively modest.
Export Prices by Country
In January 2024, the ferro-manganese price amounted to $1,228 per ton (FOB, South Africa), approximately equating the previous month. In general, the export price showed a noticeable setback. The pace of growth was the most pronounced in April 2023 when the average export price increased by 11% m-o-m. The export price peaked at $1,611 per ton in January 2023; however, from February 2023 to January 2024, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was Germany ($1,335 per ton), while the average price for exports to the Netherlands ($550 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Germany (-0.6%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the ferro-manganese market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2024
- 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 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption In 2012-2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
- Trade Balance, In Physical Terms, 2012-2024
- Trade Balance, In Value Terms, 2012-2024
- Per Capita Consumption, 2012-2024
- 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, 2012–2024
- Production, In Value Terms, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Origin, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Destination, 2012–2024
