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Turkey - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

Turkey - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights

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Oct 13, 2023

Turkey's Ferro-manganese Price Declines by 8%, Reaching An Average of $1,323 per Ton

Turkey Ferro Manganese Import Price in July 2023

In July 2023, the ferro manganese price amounted to $1,323 per ton (CIF, Turkey), shrinking by -7.7% against the previous month. Overall, the import price recorded a noticeable downturn. The growth pace was the most rapid in January 2023 when the average import price increased by 28% m-o-m. Over the period under review, average import prices hit record highs at $2,229 per ton in July 2022; however, from August 2022 to July 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Norway ($1,750 per ton), while the price for Australia ($1,065 per ton) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Turkey Ferro Manganese Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Ferro Manganese in Turkey (USD per ton)
Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023Jul 2023
Norway3,3172,7862,5962,3941,9621,8912,1521,6751,8951,8831,9432,0951,750
India1,6531,9071,7361,7441,1191,1211,3211,3461,2751,3621,2751,1581,094
Malaysia1,5201,447N/A1,2891,5911,2531,205N/A1,0841,125N/AN/A1,085
AustraliaN/AN/AN/A1,1061,120N/A1,1551,0007901,0201,0491,0611,065
China2,639N/AN/A2,207N/AN/A3,650N/AN/AN/A3,420N/AN/A
RussiaN/A1,294N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
Average2,2291,9581,9851,9891,4441,4131,8051,3351,2311,4661,2611,4331,323

Turkey Ferro Manganese Import Prices by Type

Prices varied noticeably by the product type; the product with the highest price was ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($1,759 per ton), while the price for ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon amounted to $1,062 per ton.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (-3.1%).

Turkey Ferro Manganese Imports

In July 2023, imports of ferro-manganese into Turkey declined significantly to 6.3K tons, falling by -23.3% against June 2023 figures. Overall, imports showed a slight descent. The pace of growth was the most pronounced in March 2023 with an increase of 290% m-o-m.

In value terms, ferro-manganese imports declined markedly to $8.4M (IndexBox estimates) in July 2023. Over the period under review, imports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in March 2023 with an increase of 259% m-o-m.

Turkey Ferro Manganese Imports by Type

Ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (4K tons) and ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (2.4K tons) were the main products of ferro-manganese imports to Turkey.

From July 2022 to July 2023, the biggest increases were in ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (with a CAGR of -0.0%).

In value terms, the most traded types of ferro-manganese in Turkey were ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon ($4.2M) and ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($4.2M).

Turkey Ferro Manganese Imports by Country

India (2.7K tons), Norway (2K tons) and Australia (1K tons) were the main suppliers of ferro-manganese imports to Turkey, together accounting for 90% of total imports. These countries were followed by Malaysia and Spain, which together accounted for a further 10%.

From July 2022 to July 2023, the biggest increases were in Spain (with a CAGR of +19.6%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest ferro-manganese suppliers to Turkey were Norway ($3.5M), India ($2.9M) and Australia ($1.1M), together comprising 89% of total imports. These countries were followed by Malaysia and Spain, which together accounted for a further 10%.

In terms of the main suppliers, Spain, with a CAGR of +17.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-manganese market in Turkey. 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:

  • Turkey

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Turkey
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 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
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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