Malaysia: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in Malaysia

The Malaysian ferro-manganese market surged to $X in 2022, rising by 133% against the previous year. In general, consumption enjoyed a modest increase. Over the period under review, the market reached the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Ferro-Manganese Production in Malaysia

In value terms, ferro-manganese production amounted to $X in 2022 estimated in export price. Overall, production enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 54%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Ferro-Manganese Exports

Exports from Malaysia

In 2022, shipments abroad of ferro-manganese decreased by -48.7% to X tons for the first time since 2017, thus ending a four-year rising trend. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2016 with an increase of 6,144% against the previous year. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped markedly in the following year.

In value terms, ferro-manganese exports reduced rapidly to $X in 2022. Overall, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2016 with an increase of 17,492%. The exports peaked at $X in 2021, and then dropped markedly in the following year.

Exports by Country

India (X tons) was the main destination for ferro-manganese exports from Malaysia, accounting for a 69% share of total exports. Moreover, ferro-manganese exports to India exceeded the volume sent to the second major destination, China (X tons), sixfold. The Philippines (X tons) ranked third in terms of total exports with a 9.8% share.

From 2012 to 2022, the average annual growth rate of volume to India totaled +121.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+51.3% per year) and the Philippines (+114.7% per year).

In value terms, India ($X) remains the key foreign market for ferro-manganese exports from Malaysia, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 12% share of total exports. It was followed by Australia, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to India stood at +160.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+74.9% per year) and Australia (+86.2% per year).

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. Over the period under review, the export price, however, enjoyed buoyant growth. The growth pace was the most rapid in 2016 an increase of 182% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2017 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to the Philippines ($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 India (+17.5%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Malaysia

In 2022, purchases abroad of ferro-manganese was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 41%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-manganese imports fell remarkably to $X in 2022. Overall, imports, however, recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 97% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, India (X tons) constituted the largest ferro-manganese supplier to Malaysia, with a 51% share of total imports. Moreover, ferro-manganese imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. The third position in this ranking was held by Japan (X tons), with a 7.7% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India amounted to +13.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+8.7% per year) and Japan (+25.9% per year).

In value terms, India ($X), China ($X) and Japan ($X) constituted the largest ferro-manganese suppliers to Malaysia, together accounting for 70% of total imports.

Japan, with a CAGR of +21.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, falling by -39.9% against the previous year. Over the period under review, the import price saw a abrupt contraction. The most prominent rate of growth was recorded in 2021 when the average import price increased by 197%. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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