Asia: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Asia

The Asian market for manganites, manganates and permanganates, molybdates and tungstates stood at $X in 2021, increasing by 4.6% against the previous year. The market value increased at an average annual rate of +4.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Asia

In value terms, manganites, manganates, molybdates and tungstates production totaled $X in 2021 estimated in export price. The total output value increased at an average annual rate of +4.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 when the production volume increased by 19%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in Asia

Manganites, manganates, molybdates and tungstates exports totaled X tons in 2021, increasing by 14% on 2020. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -7.5% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 54% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the main exporter of manganites, manganates and permanganates, molybdates and tungstates, constituting 52% of total exports. India (X tons) held a 17% share (based on physical terms) of total exports, which put it in second place, followed by Lao People's Democratic Republic (15%) and Vietnam (4.8%). Taiwan (Chinese) (X tons), Japan (X tons) and the Philippines (X tons) held a relatively small share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of manganites, manganates and permanganates, molybdates and tungstates. At the same time, the Philippines (+193.9%), Taiwan (Chinese) (+33.7%), India (+17.9%), Vietnam (+17.7%), Lao People's Democratic Republic (+4.8%) and Japan (+2.3%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +193.9% from 2012-2021. From 2012 to 2021, the share of India, Taiwan (Chinese), Vietnam, Lao People's Democratic Republic and the Philippines increased by +12, +3.5, +3.4, +2 and +1.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest manganites, manganates, molybdates and tungstates supplier in Asia, comprising 47% of total exports. The second position in the ranking was held by Vietnam ($X), with a 13% share of total exports. It was followed by Lao People's Democratic Republic, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to -2.9%. In the other countries, the average annual rates were as follows: Vietnam (+16.5% per year) and Lao People's Democratic Republic (+9.9% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, jumping by 34% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 an increase of 54% against the previous year. The level of export peaked at $X per ton in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.6%), while the other leaders experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in Asia

In 2021, purchases abroad of manganites, manganates and permanganates, molybdates and tungstates decreased by -11.3% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports continue to indicate a pronounced decline. The pace of growth appeared the most rapid in 2017 with an increase of 41% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports skyrocketed to $X in 2021. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 40%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

Imports by Country

China (X tons) and Japan (X tons) represented the major importers of manganites, manganates and permanganates, molybdates and tungstates in 2021, amounting to near 17% and 17% of total imports, respectively. South Korea (X tons) took the next position in the ranking, followed by Iran (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Bangladesh (X tons) and Turkey (X tons). All these countries together held approx. 52% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 68% of total imports.

China, with a CAGR of +30.2%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, increasing by 42% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+4.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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