India: Ferro-Silico-Manganese Market 2025

Ferro-Silico-Manganese Market Size in India

The Indian ferro-silico-manganese market dropped notably to $X in 2022, which is down by -26.5% against the previous year. Overall, the total consumption indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -41.0% against 2018 indices. Ferro-silico-manganese consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Ferro-Silico-Manganese Production in India

In value terms, ferro-silico-manganese production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 35% against the previous year. Ferro-silico-manganese production peaked at $X in 2021, and then contracted in the following year.

Ferro-Silico-Manganese Exports

Exports from India

In 2022, shipments abroad of ferro-silico-manganese increased by 23% to X tons, rising for the second year in a row after three years of decline. Over the period under review, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +83.6% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

In value terms, ferro-silico-manganese exports surged to $X in 2022. Overall, exports recorded a buoyant increase. The pace of growth appeared the most rapid in 2021 with an increase of 111% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

Italy (X tons), Japan (X tons) and Egypt (X tons) were the main destinations of ferro-silico-manganese exports from India, with a combined 36% share of total exports. Turkey, Taiwan (Chinese), Malaysia, Bangladesh, Saudi Arabia, the United States, Thailand, the Netherlands, Vietnam and Indonesia lagged somewhat behind, together comprising a further 40%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bangladesh (with a CAGR of +28.1%), while the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Japan ($X) and Egypt ($X) constituted the largest markets for ferro-silico-manganese exported from India worldwide, together comprising 36% of total exports. Turkey, Taiwan (Chinese), Malaysia, Bangladesh, Saudi Arabia, the United States, Thailand, Indonesia, the Netherlands and Vietnam lagged somewhat behind, together accounting for a further 39%.

In terms of the main countries of destination, Bangladesh, with a CAGR of +30.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-silico-manganese export price stood at $X per ton in 2022, with an increase of 7.1% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese export price increased by +51.0% against 2020 indices. The growth pace was the most rapid in 2021 when the average export price increased by 41% against the previous year. The export price peaked in 2022 and is expected to retain growth in years to come.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Egypt ($X per ton) and the United States ($X per ton), while the average price for exports to Bangladesh ($X per ton) and Italy ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Silico-Manganese Imports

Imports into India

In 2022, the amount of ferro-silico-manganese imported into India soared to X tons, picking up by 31% against the previous year's figure. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of 865%. Imports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, ferro-silico-manganese imports surged to $X in 2022. Overall, imports enjoyed a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 678%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Imports by Country

In 2022, Bhutan (X tons) constituted the largest ferro-silico-manganese supplier to India, accounting for a 83% share of total imports. Moreover, ferro-silico-manganese imports from Bhutan exceeded the figures recorded by the second-largest supplier, Malaysia (X tons), more than tenfold. Australia (X tons) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2022, the average annual growth rate of volume from Bhutan totaled +538.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+99.8% per year) and Australia (-1.6% per year).

In value terms, Bhutan ($X) constituted the largest supplier of ferro-silico-manganese to India, comprising 87% of total imports. The second position in the ranking was taken by Australia ($X), with a 6.6% share of total imports. It was followed by Malaysia, with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value from Bhutan amounted to +608.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+6.3% per year) and Malaysia (+92.3% per year).

Import Prices by Country

In 2022, the average ferro-silico-manganese import price amounted to $X per ton, with a decrease of -8.5% against the previous year. Over the period under review, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +4.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +98.6% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 117%. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bhutan (+11.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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