Hungary: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in Hungary

In 2022, the Hungarian ferro-manganese market decreased by -3.2% to $X, falling for the fourth consecutive year after two years of growth. In general, consumption showed a abrupt contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Ferro-Manganese Exports

Exports from Hungary

In 2022, ferro-manganese exports from Hungary surged to X tons, rising by 3,606% compared with 2021 figures. Over the period under review, exports recorded a buoyant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ferro-manganese exports skyrocketed to $X in 2022. In general, exports showed buoyant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

The Netherlands (X tons) was the main destination for ferro-manganese exports from Hungary, with a 71% share of total exports. Moreover, ferro-manganese exports to the Netherlands exceeded the volume sent to the second major destination, Sweden (X tons), threefold.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands totaled +28.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sweden (0.0% per year) and Norway (0.0% per year).

In value terms, the largest markets for ferro-manganese exported from Hungary were Sweden ($X), the Netherlands ($X) and Norway ($X), with a combined 99.9% share of total exports.

The Netherlands, with a CAGR of +4.5%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, picking up by 25% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 133%. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Norway ($X per ton), while the average price for exports to the Netherlands ($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 the Netherlands (-18.7%).

Ferro-Manganese Imports

Imports into Hungary

In 2022, supplies from abroad of ferro-manganese decreased by -6% to X tons, falling for the fourth year in a row after two years of growth. Overall, imports faced a abrupt downturn. The pace of growth appeared the most rapid in 2014 when imports increased by 53%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ferro-manganese imports amounted to $X in 2022. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when imports increased by 127% against the previous year. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Slovakia (X tons), Spain (X tons) and France (X tons) were the main suppliers of ferro-manganese imports to Hungary, together comprising 86% of total imports. Italy, India, Germany, Poland, Slovenia and the Netherlands lagged somewhat behind, together comprising a further 14%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +60.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-manganese suppliers to Hungary were Spain ($X), Slovakia ($X) and France ($X), with a combined 87% share of total imports. Italy, India, Germany, Slovenia, Poland and the Netherlands lagged somewhat behind, together comprising a further 13%.

Among the main suppliers, India, with a CAGR of +78.0%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2022, surging by 9.1% against the previous year. In general, the import price showed a buoyant increase. The growth pace was the most rapid in 2021 when the average import price increased by 74%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+43.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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