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

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

The MERCOSUR market for manganites, manganates and permanganates, molybdates and tungstates totaled $X in 2021, growing by 7% against the previous year. The market value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

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

In value terms, manganites, manganates, molybdates and tungstates production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2019 with an increase of 28%. As a result, production attained the peak level of $X. From 2020 to 2021, production growth failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in MERCOSUR

Manganites, manganates, molybdates and tungstates exports skyrocketed to X tons in 2021, with an increase of 79% on the previous year. In general, exports continue to indicate a buoyant increase. The volume of export peaked at X tons in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, manganites, manganates, molybdates and tungstates exports soared to $X in 2021. Over the period under review, exports saw a prominent expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Chile was the largest exporter of manganites, manganates and permanganates, molybdates and tungstates in MERCOSUR, with the volume of exports accounting for X tons, which was approx. 86% of total exports in 2021. It was distantly followed by Brazil (X tons), constituting a 13% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to manganites, manganates, molybdates and tungstates exports from Chile stood at +7.0%. At the same time, Brazil (+7.8%) displayed positive paces of growth. Moreover, Brazil emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of +7.8% from 2012-2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Chile ($X) remains the largest manganites, manganates, molybdates and tungstates supplier in MERCOSUR, comprising 91% of total exports. The second position in the ranking was taken by Brazil ($X), with a 9.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Chile stood at +10.0%.

Export Prices by Country

In 2021, the export price in MERCOSUR amounted to $X per ton, growing by 62% against the previous year. Export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Brazil stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Chile (+2.8%).

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in MERCOSUR

In 2021, supplies from abroad of manganites, manganates and permanganates, molybdates and tungstates was finally on the rise to reach X tons after three years of decline. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 55% against the previous year. As a result, imports reached the peak of X tons. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, manganites, manganates, molybdates and tungstates imports soared to $X in 2021. The total import value increased at an average annual rate of +1.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Brazil (X tons) represented the main importer of manganites, manganates and permanganates, molybdates and tungstates, committing 57% of total imports. It was distantly followed by Peru (X tons), Colombia (X tons) and Argentina (X tons), together making up a 30% share of total imports. Paraguay (X tons), Chile (X tons) and Ecuador (X tons) followed a long way behind the leaders.

Imports into Brazil decreased at an average annual rate of -3.8% from 2012 to 2021. At the same time, Peru (+17.3%), Paraguay (+11.3%), Colombia (+9.6%), Argentina (+7.3%) and Ecuador (+3.7%) displayed positive paces of growth. Moreover, Peru emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of +17.3% from 2012-2021. By contrast, Chile (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Peru, Colombia, Argentina and Paraguay increased by +8.6, +6.5, +4.1 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported manganites, manganates and permanganates, molybdates and tungstates in MERCOSUR, comprising 40% of total imports. The second position in the ranking was taken by Argentina ($X), with a 19% share of total imports. It was followed by Colombia, with a 13% share.

In Brazil, manganites, manganates, molybdates and tungstates imports declined by an average annual rate of -4.3% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (+12.1% per year) and Colombia (+4.6% per year).

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2021, increasing by 14% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The growth pace was the most rapid in 2016 an increase of 20%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Paraguay ($X per ton), while Brazil ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Paraguay (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform