ECOWAS: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in ECOWAS

The ECOWAS manganese ore and concentrate market stood at $X in 2022, growing by X% against the previous year. Overall, consumption, however, posted a resilient expansion. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Manganese Ores and Concentrates in ECOWAS

In value terms, manganese ore and concentrate production rose significantly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a prominent increase. The pace of growth appeared the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Manganese Ores and Concentrates

Exports in ECOWAS

After two years of decline, overseas shipments of manganese ores and concentrates increased by X% to X tons in 2022. Overall, exports continue to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports reduced to $X in 2022. Over the period under review, exports continue to indicate notable growth. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire dominates exports structure, reaching X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons), comprising a X% share of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest manganese ore and concentrate supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Cote d'Ivoire, manganese ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price saw a abrupt slump. The most prominent rate of growth was recorded in 2016 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria amounted to $X per ton.

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

Imports of Manganese Ores and Concentrates

Imports in ECOWAS

In 2022, imports of manganese ores and concentrates in ECOWAS fell sharply to X tons, with a decrease of X% against the previous year's figure. Over the period under review, imports continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2013 when imports increased by X%. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, manganese ore and concentrate imports contracted rapidly to $X in 2022. In general, imports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Cote d'Ivoire was the main importer of manganese ores and concentrates in ECOWAS, with the volume of imports finishing at X tons, which was near X% of total imports in 2022. It was distantly followed by Senegal (X tons), achieving a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to manganese ore and concentrate imports into Cote d'Ivoire stood at X%. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. Senegal (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported manganese ores and concentrates in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Senegal ($X), with a X% share of total imports.

In Cote d'Ivoire, manganese ore and concentrate imports plunged by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price recorded a temperate expansion. The growth pace was the most rapid in 2017 when the import price increased by X%. Over the period under review, import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal amounted to $X per ton.

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

Source: IndexBox Platform