Asia: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Asia

In 2022, the Asian manganese ore and concentrate market increased by X% to $X, rising for the second year in a row after two years of decline. The total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Manganese Ores and Concentrates in Asia

In value terms, manganese ore and concentrate production amounted to $X in 2022 estimated in export price. In general, production, however, recorded a deep downturn. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

Exports of Manganese Ores and Concentrates

Exports in Asia

In 2022, overseas shipments of manganese ores and concentrates decreased by X% to X tons, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, manganese ore and concentrate exports plummeted to $X in 2022. Over the period under review, exports faced a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia represented the main exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Kazakhstan (X tons), generating a X% share of total exports. Turkey (X tons), Thailand (X tons) and China (X tons) held a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to manganese ore and concentrate exports from Malaysia stood at X%. At the same time, Thailand (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of X% from 2012-2022. By contrast, Turkey (X%), Kazakhstan (X%) and China (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.) and Thailand (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.), China (X p.p.) and Kazakhstan (X p.p.) displayed negative dynamics.

In value terms, Malaysia ($X) remains the largest manganese ore and concentrate supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Kazakhstan ($X), with an X% share of total exports. It was followed by China, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and China (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by X% against the previous year. Overall, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Manganese Ores and Concentrates

Imports in Asia

Manganese ore and concentrate imports contracted modestly to X tons in 2022, therefore, remained relatively stable against the previous year's figure. Over the period under review, imports, however, recorded resilient growth. The growth pace was the most rapid in 2017 when imports increased by X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports skyrocketed to $X in 2022. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2017 with an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

Imports by Country

China represented the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by India (X tons), creating a X% share of total imports. The following importers - South Korea (X tons), Malaysia (X tons) and Japan (X tons) - together made up X% of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%) and India (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported manganese ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and Malaysia (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, increasing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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