India: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in India

In 2022, the Indian manganese ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Production of Manganese Ores and Concentrates in India

In value terms, manganese ore and concentrate production dropped slightly to $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Manganese Ores and Concentrates

Exports from India

In 2022, the amount of manganese ores and concentrates exported from India fell sharply to X tons, which is down by X% on 2021. Over the period under review, exports showed a significant decrease. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports fell significantly to $X in 2022. In general, exports continue to indicate a sharp decrease. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons), Nepal (X tons) and Bangladesh (X tons) were the main destinations of manganese ore and concentrate exports from India, with a combined X% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) emerged as the key foreign market for manganese ores and concentrates exports from India, comprising X% of total exports. The second position in the ranking was held by Nepal ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (X% per year) and Bangladesh (X% per year).

Export Prices by Country

In 2022, the average manganese ore and concentrate export price amounted to $X per ton, jumping by X% against the previous year. Overall, the export price enjoyed a resilient increase. The most prominent rate of growth was recorded in 2015 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Indonesia ($X per ton), while the average price for exports to Bangladesh ($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 Indonesia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganese Ores and Concentrates

Imports into India

In 2022, after three years of growth, there was significant decline in overseas purchases of manganese ores and concentrates, when their volume decreased by X% to X tons. Overall, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2021, and then dropped in the following year.

In value terms, manganese ore and concentrate imports expanded slightly to $X in 2022. In general, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, South Africa (X tons) constituted the largest manganese ore and concentrate supplier to India, accounting for a X% share of total imports. Moreover, manganese ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Gabon (X tons), twofold. The third position in this ranking was taken by the United Arab Emirates (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Gabon (X% per year) and the United Arab Emirates (X.3% per year).

In value terms, the largest manganese ore and concentrate suppliers to India were South Africa ($X), Gabon ($X) and Australia ($X), with a combined X% share of total imports. Singapore, the United Arab Emirates, France, Brazil and Cote d'Ivoire lagged somewhat behind, together accounting for a further X%.

The United Arab Emirates, with a CAGR of X.7%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2022, jumping by X% against the previous year. Overall, import price indicated a mild increase from 2012 to 2022: its price 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, manganese ore and concentrate import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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