Azerbaijan: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in Azerbaijan

In 2022, the Azerbaijani ferro-manganese market increased by 61% to $X, rising for the second consecutive year after three years of decline. Overall, consumption saw a moderate expansion. Ferro-manganese consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Ferro-Manganese Exports

Exports from Azerbaijan

In 2016, approx. X tons of ferro-manganese were exported from Azerbaijan; approximately equating the previous year's figure. In general, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2015. Over the period under review, the exports hit record highs in 2016 and are expected to retain growth in the immediate term.

In value terms, ferro-manganese exports amounted to $X in 2016. Overall, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2015. Over the period under review, the exports attained the maximum in 2016 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) and Canada (X tons) were the main destinations of ferro-manganese exports from Azerbaijan.

From 2014 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +274.6%).

In value terms, France ($X) and Canada ($X) appeared to be the largest markets for ferro-manganese exported from Azerbaijan worldwide.

In terms of the main countries of destination, France, with a CAGR of +216.0%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2016, approximately reflecting the previous year. Overall, the export price faced a deep downturn. The pace of growth was the most pronounced in 2015 a decrease of 99.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2016, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In 2016, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to France totaled $X per ton.

From 2014 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to France (-15.7%).

Ferro-Manganese Imports

Imports into Azerbaijan

In 2022, purchases abroad of ferro-manganese increased by 89% to X tons, rising for the second consecutive year after seven years of decline. Overall, imports saw a relatively flat trend pattern. Over the period under review, imports attained the peak figure at X tons in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-manganese imports skyrocketed to $X in 2022. In general, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 191%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Imports by Country

In 2022, Turkey (X tons) constituted the largest supplier of ferro-manganese to Azerbaijan, with a 54% share of total imports. Moreover, ferro-manganese imports from Turkey exceeded the figures recorded by the second-largest supplier, South Africa (X tons), twofold. Norway (X tons) ranked third in terms of total imports with a 14% share.

From 2012 to 2022, the average annual growth rate of volume from Turkey totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (+48.1% per year) and Norway (+9.9% per year).

In value terms, Turkey ($X), South Africa ($X) and Norway ($X) appeared to be the largest ferro-manganese suppliers to Azerbaijan, with a combined 90% share of total imports.

South Africa, with a CAGR of +45.9%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, reducing by -22.4% against the previous year. Overall, the import price, however, showed pronounced growth. The growth pace was the most rapid in 2021 an increase of 69% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted dramatically in the following year.

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 Russia ($X per ton), while the price for Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+37.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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