Philippines: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in the Philippines

In 2022, after three years of decline, there was decline in the Philippine manganese ore and concentrate market, when its value decreased by X% to less than $X. In general, consumption showed a noticeable contraction. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Production of Manganese Ores and Concentrates in the Philippines

In value terms, manganese ore and concentrate production shrank sharply to $X in 2022 estimated in export price. Over the period under review, production faced a abrupt decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Manganese ore and concentrate production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Manganese Ores and Concentrates

Exports from the Philippines

Manganese ore and concentrate exports from the Philippines soared to X tons in 2019, with an increase of X% against 2018 figures. Overall, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, the exports reached the peak of X tons. From 2014 to 2019, the growth of the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports skyrocketed to $X in 2019. In general, exports, however, showed a abrupt decline. The pace of growth was the most pronounced in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2019, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X tons) was the main destination for manganese ore and concentrate exports from the Philippines, accounting for a X% share of total exports. Moreover, manganese ore and concentrate exports to Hong Kong SAR exceeded the volume sent to the second major destination, India (X tons), threefold. China (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2019, the average annual growth rate of volume to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (X% per year) and China (X% per year).

In value terms, the largest markets for manganese ore and concentrate exported from the Philippines were Hong Kong SAR ($X), India ($X) and Singapore ($X), together accounting for X% of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average manganese ore and concentrate export price stood at $X per ton in 2019, with a decrease of X% against the previous year. Over the period under review, the export price saw a deep setback. The most prominent rate of growth was recorded in 2013 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2016; however, from 2017 to 2019, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2019, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (X%), while the prices for the other major destinations experienced a decline.

Imports of Manganese Ores and Concentrates

Imports into the Philippines

In 2022, approx. X kg of manganese ores and concentrates were imported into the Philippines; waning by X% compared with 2021. In general, imports continue to indicate a perceptible setback. Over the period under review, imports attained the peak figure at X tons in 2017; however, from 2018 to 2022, imports failed to regain momentum.

In value terms, manganese ore and concentrate imports contracted markedly to $X in 2022. Over the period under review, imports, however, recorded a resilient expansion. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X kg) constituted the largest supplier of manganese ore and concentrate to the Philippines, with a X% share of total imports. Moreover, manganese ore and concentrate imports from Belgium exceeded the figures recorded by the second-largest supplier, Australia (X kg), sevenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume from Belgium totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Australia (X% per year) and China (X% per year).

In value terms, the largest manganese ore and concentrate suppliers to the Philippines were Belgium ($X), China ($X) and Australia ($X), together accounting for X% of total imports.

China, with a CAGR of X%, recorded 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 mixed trend patterns.

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the import price saw a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2014 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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