Bahrain: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Bahrain

In 2022, the Bahraini ferro-manganese market increased by 13% to $X for the first time since 2015, thus ending a six-year declining trend. In general, consumption, however, showed a mild setback. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market failed to regain momentum.

Ferro-Manganese Production in Bahrain

In value terms, ferro-manganese production shrank modestly to $X in 2022 estimated in export price. In general, production saw a slight shrinkage. The pace of growth was the most pronounced in 2013 with an increase of 48% against the previous year. As a result, production reached the peak level of $X. From 2014 to 2022, production growth failed to regain momentum.

Ferro-Manganese Exports

Exports from Bahrain

In 2022, overseas shipments of ferro-manganese decreased by -49.1% to X tons for the first time since 2015, thus ending a six-year rising trend. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 5,500% against the previous year. As a result, the exports attained the peak of X tons, and then shrank dramatically in the following year.

In value terms, ferro-manganese exports reduced notably to $X in 2022. Over the period under review, exports, however, posted a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 5,500% against the previous year. As a result, the exports reached the peak of $X, and then declined notably in the following year.

Exports by Country

Saudi Arabia (X tons) was the main destination for ferro-manganese exports from Bahrain, accounting for a 88% share of total exports. Moreover, ferro-manganese exports to Saudi Arabia exceeded the volume sent to the second major destination, Oman (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia amounted to +53.1%.

In value terms, Saudi Arabia ($X) and Oman ($X) were the largest markets for ferro-manganese exported from Bahrain worldwide.

In terms of the main countries of destination, Oman, with a CAGR of +103.6%, 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 2022, leveling off at the previous year. In general, the export price showed a noticeable curtailment. The most prominent rate of growth was recorded in 2013 an increase of 138%. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Oman ($X per ton), while the average price for exports to Saudi Arabia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+42.7%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Bahrain

Ferro-manganese imports into Bahrain expanded slightly to X tons in 2022, picking up by 4.3% compared with 2021. Overall, imports posted a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 92% against the previous year. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, ferro-manganese imports totaled $X in 2022. The total import value increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of $X. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Saudi Arabia (X tons) constituted the largest ferro-manganese supplier to Bahrain, with a 86% share of total imports. Moreover, ferro-manganese imports from Saudi Arabia exceeded the figures recorded by the second-largest supplier, China (X tons), more than tenfold. South Africa (X tons) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Saudi Arabia amounted to +63.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+44.1% per year) and South Africa (+11.7% per year).

In value terms, Saudi Arabia ($X) constituted the largest supplier of ferro-manganese to Bahrain, comprising 55% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 9.7% share of total imports. It was followed by South Africa, with a 7.7% share.

From 2012 to 2022, the average annual growth rate of value from Saudi Arabia totaled +48.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+9.8% per year) and South Africa (-0.4% per year).

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, almost unchanged from the previous year. Overall, the import price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2014 an increase of 3.3%. As a result, import price reached the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+10.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform