MERCOSUR: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in MERCOSUR

The MERCOSUR manganese ore and concentrate market stood at $X in 2022, picking up by X% against the previous year. Overall, consumption showed a strong expansion. Over the period under review, the market reached the maximum level in 2022 and is likely to continue growth in the immediate term.

Production of Manganese Ores and Concentrates in MERCOSUR

In value terms, manganese ore and concentrate production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in MERCOSUR

In 2022, exports of manganese ores and concentrates in MERCOSUR dropped dramatically to X tons, reducing by X% compared with 2021 figures. Over the period under review, exports saw a noticeable setback. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, manganese ore and concentrate exports declined sharply to $X in 2022. Overall, exports showed a pronounced contraction. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil prevails in exports structure, reaching X tons, which was approx. X% of total exports in 2022. Guyana (X tons) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to manganese ore and concentrate exports from Brazil stood at X%. At the same time, Guyana (X%) displayed positive paces of growth. Moreover, Guyana emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. Guyana (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest manganese ore and concentrate supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Guyana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil totaled X%.

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, picking up by X% against the previous year. Overall, the export price, however, saw a mild contraction. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Brazil ($X per ton), while Guyana stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%).

Imports of Manganese Ores and Concentrates

Imports in MERCOSUR

Manganese ore and concentrate imports plummeted to X tons in 2022, waning by X% compared with 2021. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, manganese ore and concentrate imports reduced modestly to $X in 2022. Over the period under review, imports showed a drastic downturn. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Brazil (X tons) was the main importer of manganese ores and concentrates, committing X% of total imports. Colombia (X tons) took the second position in the ranking, followed by Argentina (X tons). All these countries together held approx. X% share of total imports.

Brazil experienced a relatively flat trend pattern with regard to volume of imports of manganese ores and concentrates. Colombia (X%) and Argentina (X%) illustrated a downward trend over the same period. Brazil (X p.p.), Colombia (X p.p.) and Argentina (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Colombia ($X) and Argentina ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Brazil, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Import price indicated a notable 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 most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Brazil (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform