Eastern Asia: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Eastern Asia

The East Asian manganese ore and concentrate market expanded significantly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a noticeable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Production of Manganese Ores and Concentrates in Eastern Asia

In value terms, manganese ore and concentrate production rose slightly to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2015 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Eastern Asia

In 2022, the amount of manganese ores and concentrates exported in Eastern Asia contracted notably to X tons, declining by X% compared with 2021. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2018 when exports increased by X%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, manganese ore and concentrate exports reduced dramatically to $X in 2022. Overall, exports continue to indicate a deep contraction. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. It was distantly followed by Taiwan (Chinese) (X tons), committing a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2022. Taiwan (Chinese) experienced a relatively flat trend pattern. While the share of Taiwan (Chinese) (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of China (X p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest manganese ore and concentrate supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports.

In China, manganese ore and concentrate exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, rising by X% against the previous year. In general, the export price enjoyed a resilient expansion. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Manganese Ores and Concentrates

Imports in Eastern Asia

In 2022, overseas purchases of manganese ores and concentrates were finally on the rise to reach X tons after two years of decline. Over the period under review, imports enjoyed a strong increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports surged to $X in 2022. Overall, imports showed a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

China prevails in imports structure, resulting at X tons, which was approx. X% of total imports in 2022. The following importers - South Korea (X tons) and Japan (X tons) - each resulted at a X% share of total imports.

China was also the fastest-growing in terms of the manganese ores and concentrates imports, with a CAGR of X% from 2012 to 2022. South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics.

In value terms, China ($X) constitutes the largest market for imported manganese ores and concentrates in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports.

In China, manganese ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the import price increased by X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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