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

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

In 2021, the Chilean market for manganites, manganates and permanganates, molybdates and tungstates decreased by -5.6% to $X, falling for the second year in a row after two years of growth. The market value increased at an average annual rate of +3.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Manganites, manganates, molybdates and tungstates consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

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

In value terms, manganites, manganates, molybdates and tungstates production expanded sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 37%. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from Chile

Manganites, manganates, molybdates and tungstates exports from Chile skyrocketed to X tons in 2021, growing by 79% on 2020 figures. Over the period under review, exports showed a buoyant increase. The exports peaked at X tons in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. Overall, exports saw a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from Chile, with a 68% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to the United States exceeded the volume sent to the second major destination, Denmark (X tons), fivefold. Germany (X tons) ranked third in terms of total exports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +10.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+13.6% per year) and Germany (+42.3% per year).

In value terms, the United States ($X) emerged as the key foreign market for manganites, manganates and permanganates, molybdates and tungstates exports from Chile, comprising 70% of total exports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total exports. It was followed by Germany, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States totaled +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+31.1% per year) and Germany (+45.3% per year).

Export Prices by Country

In 2021, the average export price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, picking up by 66% against the previous year. Overall, export price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to the United States ($X per ton) and France ($X per ton), while the average price for exports to Brazil ($X per ton) and Denmark ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+15.4%), 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 Chile

In 2021, supplies from abroad of manganites, manganates and permanganates, molybdates and tungstates decreased by -15.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2018 when imports increased by 164%. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. In general, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 91% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest manganites, manganates, molybdates and tungstates supplier to Chile, with a 85% share of total imports. Moreover, manganites, manganates, molybdates and tungstates imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -7.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+40.4% per year) and the United States (-39.9% per year).

In value terms, China ($X), Brazil ($X) and the United States ($X) appeared to be the largest manganites, manganates, molybdates and tungstates suppliers to Chile, with a combined 80% share of total imports.

Among the main suppliers, Brazil, with a CAGR of +32.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, increasing by 64% against the previous year. In general, the import price recorded a moderate expansion. Over the period under review, average import prices reached the maximum at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

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 Brazil ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+1.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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