Japan: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in Japan

In 2022, the Japanese ferro-manganese market increased by 6.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, continues to indicate a slight descent. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Ferro-Manganese Production in Japan

In value terms, ferro-manganese production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production recorded a slight slump. The most prominent rate of growth was recorded in 2014 with an increase of 20% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Ferro-Manganese Exports

Exports from Japan

After two years of growth, overseas shipments of ferro-manganese decreased by -28.4% to X tons in 2022. Overall, exports, however, recorded buoyant growth. The pace of growth was the most pronounced in 2016 when exports increased by 85% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then reduced notably in the following year.

In value terms, ferro-manganese exports dropped markedly to $X in 2022. In general, exports, however, posted strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 83%. As a result, the exports attained the peak of $X, and then dropped notably in the following year.

Exports by Country

India (X tons) was the main destination for ferro-manganese exports from Japan, accounting for a 29% share of total exports. Moreover, ferro-manganese exports to India exceeded the volume sent to the second major destination, the United States (X tons), threefold. China (X tons) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to India amounted to +80.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+118.9% per year) and China (+5.3% per year).

In value terms, India ($X) emerged as the key foreign market for ferro-manganese exports from Japan, comprising 32% of total exports. The second position in the ranking was held by the United States ($X), with a 12% share of total exports. It was followed by Italy, with a 7.4% share.

From 2012 to 2022, the average annual growth rate of value to India amounted to +74.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+104.5% per year) and Italy (+482.7% per year).

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, therefore, remained relatively stable against the previous year. In general, the export price saw a perceptible setback. The growth pace was the most rapid in 2017 when the average export price increased by 47%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Turkey ($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 Italy (+22.4%), while the prices for the other major destinations experienced a decline.

Ferro-Manganese Imports

Imports into Japan

In 2022, supplies from abroad of ferro-manganese increased by 53% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a pronounced descent. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-manganese imports soared to $X in 2022. Overall, imports, however, showed a relatively flat trend pattern. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

Malaysia (X tons), Australia (X tons) and India (X tons) were the main suppliers of ferro-manganese imports to Japan, with a combined 89% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +150.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of ferro-manganese to Japan, comprising 54% of total imports. The second position in the ranking was taken by Australia ($X), with a 25% share of total imports. It was followed by India, with a 9.5% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia totaled +194.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (+5.4% per year) and India (+8.3% per year).

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2022, growing by 41% against the previous year. In general, import price indicated a temperate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-manganese import price increased by +87.5% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 62%. The import price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Malaysia ($X per ton) and Vietnam ($X per ton), while the price for India ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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