Middle East: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in the Middle East

The Middle Eastern manganese ore and concentrate market skyrocketed to $X in 2022, with an increase of X% against the previous year. Overall, consumption enjoyed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Manganese Ores and Concentrates in the Middle East

In value terms, manganese ore and concentrate production declined modestly to $X in 2022 estimated in export price. Overall, production, however, recorded a drastic downturn. The pace of growth appeared the most rapid in 2013 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in the Middle East

After six years of growth, overseas shipments of manganese ores and concentrates decreased by X% to X tons in 2022. Over the period under review, exports faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2021, and then dropped sharply in the following year.

In value terms, manganese ore and concentrate exports reduced rapidly to $X in 2022. In general, exports showed a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then fell rapidly in the following year.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of manganese ores and concentrates, achieving X% of total exports. It was distantly followed by Oman (X tons), comprising an X% share of total exports. Iran (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the manganese ores and concentrates exports, with a CAGR of X% from 2012 to 2022. Iran (X%) and Oman (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Oman (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) remains the largest manganese ore and concentrate supplier in the Middle East, comprising X% of total exports. The second position in the ranking was taken by Iran ($X), with a X% share of total exports.

In Turkey, manganese ore and concentrate exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Iran (X% per year) and Oman (X% per year).

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, growing by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X%. Over the period under review, the export prices hit record highs in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Iran ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Imports of Manganese Ores and Concentrates

Imports in the Middle East

In 2022, supplies from abroad of manganese ores and concentrates decreased by X% to X tons, falling for the second consecutive year after four years of growth. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports dropped significantly to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, Saudi Arabia (X tons) represented the major importer of manganese ores and concentrates, achieving X% of total imports. It was distantly followed by Iran (X tons), mixing up a X% share of total imports.

Saudi Arabia was also the fastest-growing in terms of the manganese ores and concentrates imports, with a CAGR of X% from 2012 to 2022. Iran experienced a relatively flat trend pattern. From 2012 to 2022, the share of Saudi Arabia and Iran increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Saudi Arabia ($X) and Iran ($X) were the countries with the highest levels of imports in 2022.

Iran, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, surging by X% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is likely to see steady growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Iran ($X per ton), while Saudi Arabia totaled $X per ton.

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

Source: IndexBox Platform

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