Iran: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Iran

The Iranian ferro-silico-manganese market dropped remarkably to $X in 2022, with a decrease of -21.8% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ferro-Silico-Manganese Exports

Exports from Iran

In 2022, exports of ferro-silico-manganese from Iran was estimated at X tons, stabilizing at the previous year's figure. In general, exports showed a strong increase. The pace of growth was the most pronounced in 2017 with an increase of 517%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, ferro-silico-manganese exports stood at $X in 2022. Over the period under review, exports recorded prominent growth. The pace of growth appeared the most rapid in 2017 with an increase of 195% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Turkey (X tons), the Czech Republic (X tons) and Turkmenistan (X tons) were the main destinations of ferro-silico-manganese exports from Iran, together accounting for 93% of total exports.

From 2015 to 2022, the biggest increases were recorded for Turkey (with a CAGR of 0.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-silico-manganese exported from Iran were Turkey ($X), the Czech Republic ($X) and Turkmenistan ($X), together accounting for 95% of total exports.

In terms of the main countries of destination, Turkey, with a CAGR of 0.0%, recorded the highest rates of growth with regard to 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, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the average export price increased by 45% against the previous year. The export price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Armenia ($X per ton), while the average price for exports to Uzbekistan ($X per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkmenistan (+1.4%), while the prices for the other major destinations experienced a decline.

Ferro-Silico-Manganese Imports

Imports into Iran

In 2022, the amount of ferro-silico-manganese imported into Iran fell sharply to X tons, shrinking by -15.5% against the year before. Overall, imports faced a deep contraction. The pace of growth appeared the most rapid in 2017 with an increase of 121% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports contracted sharply to $X in 2022. Over the period under review, imports saw a deep downturn. The pace of growth was the most pronounced in 2017 with an increase of 181%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of ferro-silico-manganese to Iran, with a 93% share of total imports. It was followed by Turkey (X tons), with a 2.3% share of total imports. The third position in this ranking was taken by Georgia (X tons), with a 1.2% share.

From 2015 to 2022, the average annual rate of growth in terms of volume from the United Arab Emirates amounted to +18.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (-2.6% per year) and Georgia (-27.9% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of ferro-silico-manganese to Iran, comprising 89% of total imports. The second position in the ranking was held by Turkey ($X), with a 3.6% share of total imports. It was followed by Georgia, with a 2.2% share.

From 2015 to 2022, the average annual rate of growth in terms of value from the United Arab Emirates totaled +20.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (+4.6% per year) and Georgia (-19.3% per year).

Import Prices by Country

The average ferro-silico-manganese import price stood at $X per ton in 2022, which is down by -2.3% against the previous year. Over the last seven-year period, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2017 when the average import price increased by 27%. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+17.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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