Oman: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Oman

In 2022, after three years of growth, there was significant decline in the Omani manganese ore and concentrate market, when its value decreased by X% to $X. Overall, consumption, however, posted a noticeable increase. Manganese ore and concentrate consumption peaked at $X in 2021, and then shrank sharply in the following year.

Production of Manganese Ores and Concentrates in Oman

In value terms, manganese ore and concentrate production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable downturn. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Manganese ore and concentrate production peaked at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Manganese Ores and Concentrates

Exports from Oman

In 2022, overseas shipments of manganese ores and concentrates were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a abrupt contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports hit record highs at X tons in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

In value terms, manganese ore and concentrate exports soared to $X in 2022. Overall, exports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for manganese ore and concentrate exports from Oman, with a X% share of total exports. Moreover, manganese ore and concentrate exports to China exceeded the volume sent to the second major destination, Bahrain (X tons), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahrain (X% per year) and India (X% per year).

In value terms, Bahrain ($X), China ($X) and India ($X) were the largest markets for manganese ore and concentrate exported from Oman worldwide, together accounting for X% of total exports.

Bahrain, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average manganese ore and concentrate export price amounted to $X per ton, falling by X% against the previous year. In general, the export price recorded a perceptible decline. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($X per ton), while the average price for exports to China ($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 (X%), while the prices for the other major destinations experienced a decline.

Imports of Manganese Ores and Concentrates

Imports into Oman

In 2022, purchases abroad of manganese ores and concentrates decreased by X% to X tons, falling for the third year in a row after four years of growth. Over the period under review, imports, however, showed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, manganese ore and concentrate imports fell slightly to $X in 2022. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2021, and then declined modestly in the following year.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main supplier of manganese ore and concentrate to Oman, accounting for a X% share of total imports. It was followed by Tanzania (X kg), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the United Arab Emirates totaled X%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of manganese ores and concentrates to Oman, comprising X% of total imports. The second position in the ranking was taken by Tanzania ($X), with less than X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United Arab Emirates amounted to X%.

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a noticeable decline. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Tanzania ($X per ton), while the price for the United Arab Emirates amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Tanzania (X.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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