Brazil: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Brazil

In 2022, the Brazilian manganese ore and concentrate market increased by X% to $X, rising for the third consecutive year after three years of decline. In general, consumption posted a prominent expansion. Over the period under review, the market attained the peak level in 2022 and is likely to see gradual growth in the immediate term.

Production of Manganese Ores and Concentrates in Brazil

In value terms, manganese ore and concentrate production fell to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Manganese Ores and Concentrates

Exports from Brazil

For the third consecutive year, Brazil recorded decline in shipments abroad of manganese ores and concentrates, which decreased by X% to X tons in 2022. In general, exports recorded a perceptible downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, manganese ore and concentrate exports declined sharply to $X in 2022. Overall, exports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for manganese ore and concentrate exports from Brazil, accounting for a X% share of total exports. Moreover, manganese ore and concentrate exports to China exceeded the volume sent to the second major destination, India (X tons), fivefold. Latvia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and Latvia (X% per year).

In value terms, China ($X) remains the key foreign market for manganese ores and concentrates exports from Brazil, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and India (X% per year).

Export Prices by Country

The average manganese ore and concentrate export price stood at $X per ton in 2022, picking up by X% against the previous year. In general, the export price, however, saw a mild slump. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to China ($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 France (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganese Ores and Concentrates

Imports into Brazil

In 2022, overseas purchases of manganese ores and concentrates were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. Imports peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, manganese ore and concentrate imports skyrocketed to $X in 2022. Overall, imports enjoyed perceptible growth. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Africa (X tons) was the main supplier of manganese ore and concentrate to Brazil, accounting for a X% share of total imports. Moreover, manganese ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Mexico (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Bolivia (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of manganese ores and concentrates to Brazil, comprising X% of total imports. The second position in the ranking was held by Mexico ($X), with an X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Bolivia (X% per year).

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price showed a tangible increase. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

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 Mexico ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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