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

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

In 2021, the Australian market for manganites, manganates and permanganates, molybdates and tungstates increased by 2.8% to $X, rising for the third consecutive year after two years of decline. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Manganites, manganates, molybdates and tungstates consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

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

In value terms, manganites, manganates, molybdates and tungstates production totaled $X in 2021 estimated in export price. Over the period under review, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +17.9% against 2018 indices. The growth pace was the most rapid in 2016 when the production volume increased by 36% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Australia

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were exported from Australia; increasing by 48% on the year before. In general, total exports indicated a slight expansion from 2012 to 2021: its volume increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.0% against 2019 indices. The growth pace was the most rapid in 2013 when exports increased by 88%. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates exports totaled $X in 2021. Over the period under review, exports, however, continue to indicate a pronounced setback. The most prominent rate of growth was recorded in 2019 with an increase of 19%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

New Zealand (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Australia, accounting for a 42% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to New Zealand exceeded the volume sent to the second major destination, the United States (X kg), threefold. Mozambique (X kg) ranked third in terms of total exports with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to New Zealand amounted to +29.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+30.5% per year) and Mozambique (+21.5% per year).

In value terms, Mozambique ($X), Sierra Leone ($X) and Senegal ($X) constituted the largest markets for manganites, manganates, molybdates and tungstates exported from Australia worldwide, with a combined 48% share of total exports. The United States, South Africa, New Zealand, the UK, Kenya, Papua New Guinea and the Philippines lagged somewhat behind, together accounting for a further 41%.

New Zealand, with a CAGR of +28.8%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, which is down by -23.8% against the previous year. Over the period under review, the export price recorded a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 61%. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Senegal ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sierra Leone (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into Australia

In 2021, overseas purchases of manganites, manganates and permanganates, molybdates and tungstates increased by 9.6% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +44.9% against 2019 indices. The pace of growth was the most pronounced in 2014 when imports increased by 47%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, manganites, manganates, molybdates and tungstates imports surged to $X in 2021. Overall, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2017 when imports increased by 42% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

China (X tons), India (X tons) and the United States (X tons) were the main suppliers of manganites, manganates, molybdates and tungstates imports to Australia, together comprising 98% of total imports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +35.2%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, India ($X), China ($X) and the United States ($X) constituted the largest manganites, manganates, molybdates and tungstates suppliers to Australia, with a combined 89% share of total imports.

In terms of the main suppliers, India, with a CAGR of +36.1%, recorded 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.

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, surging by 22% against the previous year. In general, import price indicated a modest increase from 2012 to 2021: its price increased at an average annual rate of +1.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, manganites, manganates, molybdates and tungstates import price increased by +97.4% against 2016 indices. The pace of growth was the most pronounced in 2019 an increase of 29%. Over the period under review, average import prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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