India: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in India

In 2021, the Indian market for manganites, manganates and permanganates, molybdates and tungstates increased by 1% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption, however, saw prominent growth. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in India

In value terms, manganites, manganates, molybdates and tungstates production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2018 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports from India

In 2021, approx. X tons of manganites, manganates and permanganates, molybdates and tungstates were exported from India; with an increase of 60% compared with the year before. Over the period under review, exports enjoyed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates exports soared to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 when exports increased by 108%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X tons) was the main destination for manganites, manganates, molybdates and tungstates exports from India, with a 27% share of total exports. Moreover, manganites, manganates, molybdates and tungstates exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), fourfold. The third position in this ranking was taken by Thailand (X tons), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +9.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+21.7% per year) and Thailand (+37.7% per year).

In value terms, the United States ($X), the Netherlands ($X) and Poland ($X) were the largest markets for manganites, manganates, molybdates and tungstates exported from India worldwide, with a combined 40% share of total exports. The UK, Turkey, Spain, South Africa, Thailand, Brazil, Vietnam, Bangladesh, Malaysia and Italy lagged somewhat behind, together comprising a further 25%.

South Africa, with a CAGR of +62.9%, saw the highest growth rate of the value of exports, in terms of 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

The average export price for manganites, manganates and permanganates, molybdates and tungstates stood at $X per ton in 2021, picking up by 16% against the previous year. In general, the export price showed a remarkable increase. The growth pace was the most rapid in 2018 an increase of 50% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Poland ($X per ton), while the average price for exports to Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports into India

In 2021, purchases abroad of manganites, manganates and permanganates, molybdates and tungstates decreased by -4.3% to X tons, falling for the third year in a row after two years of growth. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of 161% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2021, imports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates imports dropped to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 101%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), Japan (X tons) and Vietnam (X tons) were the main suppliers of manganites, manganates, molybdates and tungstates imports to India, together comprising 85% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +48.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Vietnam ($X) appeared to be the largest manganites, manganates, molybdates and tungstates suppliers to India, together accounting for 79% of total imports. These countries were followed by Thailand, Singapore, the United States and Latvia, which together accounted for a further 15%.

In terms of the main suppliers, Singapore, with a CAGR of +46.2%, recorded the highest growth rate of 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

In 2021, the average import price for manganites, manganates and permanganates, molybdates and tungstates amounted to $X per ton, waning by -7% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 20% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+11.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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