Eastern Asia: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Eastern Asia

The East Asian market for manganites, manganates and permanganates, molybdates and tungstates expanded sharply to $X in 2021, with an increase of 5.8% against the previous year. The market value increased at an average annual rate of +4.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The level of consumption peaked at $X in 2019; afterwards, it flattened through to 2021.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Eastern Asia

In value terms, manganites, manganates, molybdates and tungstates production expanded notably to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.8% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when the production volume increased by 18%. The level of production peaked 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 in Eastern Asia

In 2021, shipments abroad of manganites, manganates and permanganates, molybdates and tungstates increased by 2% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 with an increase of 28%. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates exports surged to $X in 2021. Overall, exports, however, saw a slight reduction. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, accounting for X tons, which was near 86% of total exports in 2021. Taiwan (Chinese) (X tons) ranks second in terms of the total exports with a 6.5% share, followed by Japan (6.1%).

China experienced a relatively flat trend pattern with regard to volume of exports of manganites, manganates and permanganates, molybdates and tungstates. At the same time, Taiwan (Chinese) (+33.7%) and Japan (+2.3%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +33.7% from 2012-2021. While the share of Taiwan (Chinese) (+6 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-3.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest manganites, manganates, molybdates and tungstates supplier in Eastern Asia, comprising 77% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with an 11% share of total exports.

In China, manganites, manganates, molybdates and tungstates exports shrank by an average annual rate of -2.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+45.2% per year) and Japan (+2.5% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per ton, surging by 42% against the previous year. Overall, the export price, however, showed a slight downturn. Over the period under review, the export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in Eastern Asia

In 2021, purchases abroad of manganites, manganates and permanganates, molybdates and tungstates increased by 2.2% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 25%. The volume of import peaked in 2021 and is likely to see steady growth in the near future.

In value terms, manganites, manganates, molybdates and tungstates imports skyrocketed to $X in 2021. Total imports indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 40% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

China (X tons) and Japan (X tons) were the major importers of manganites, manganates and permanganates, molybdates and tungstates in 2021, accounting for approx. 31% and 31% of total imports, respectively. It was distantly followed by South Korea (X tons) and Taiwan (Chinese) (X tons), together making up a 37% share of total imports. Hong Kong SAR (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +35.3%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together comprising 94% of total imports.

China, with a CAGR of +30.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per ton, surging by 25% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+15.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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