Austria: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Austria

For the third consecutive year, the Austrian ferro-manganese market recorded decline in sales value, which decreased by -29.2% to $X in 2022. Overall, consumption showed a slight contraction. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Ferro-Manganese Exports

Exports from Austria

In 2022, shipments abroad of ferro-manganese increased by 114% to X tons, rising for the second consecutive year after eight years of decline. Overall, exports showed a slight increase. The most prominent rate of growth was recorded in 2021 when exports increased by 148% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

In value terms, ferro-manganese exports skyrocketed to $X in 2022. In general, exports, however, recorded a noticeable downturn. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

France (X tons) was the main destination for ferro-manganese exports from Austria, with a 77% share of total exports. Moreover, ferro-manganese exports to France exceeded the volume sent to the second major destination, Germany (X tons), fourfold. Poland (X tons) ranked third in terms of total exports with a 3.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +74.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-0.4% per year) and Poland (-13.7% per year).

In value terms, France ($X) remains the key foreign market for ferro-manganese exports from Austria, comprising 72% of total exports. The second position in the ranking was held by Germany ($X), with a 17% share of total exports. It was followed by Poland, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to France stood at +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-5.1% per year) and Poland (+6.5% per year).

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, surging by 14% against the previous year. In general, the export price, however, recorded a perceptible setback. Over the period under review, the average export prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+41.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Austria

In 2022, the amount of ferro-manganese imported into Austria dropped remarkably to X tons, waning by -21.6% compared with the previous year. Over the period under review, imports saw a pronounced reduction. The most prominent rate of growth was recorded in 2019 with an increase of 34%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ferro-manganese imports totaled $X in 2022. The total import value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 37%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Italy (X tons), Germany (X tons) and the Netherlands (X tons) were the main suppliers of ferro-manganese imports to Austria, together comprising 92% of total imports.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +116.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Italy ($X) and the Netherlands ($X) were the largest ferro-manganese suppliers to Austria, with a combined 91% share of total imports.

Among the main suppliers, the Netherlands, with a CAGR of +131.3%, 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 more modest paces of growth.

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2022, surging by 34% against the previous year. Overall, import price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-manganese import price increased by +78.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 88% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Luxembourg (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :