Russian Federation: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in the Russian Federation

The Russian ferro-manganese market soared to $X in 2022, rising by 26% against the previous year. Overall, consumption enjoyed resilient growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Ferro-Manganese Production in the Russian Federation

In value terms, ferro-manganese production reached $X in 2022 estimated in export price. Over the period under review, production saw a prominent increase. The most prominent rate of growth was recorded in 2017 with an increase of 123%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Ferro-Manganese Exports

Exports from the Russian Federation

In 2022, approx. X tons of ferro-manganese were exported from Russia; falling by -71.2% on the previous year's figure. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2018 with an increase of 127%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, ferro-manganese exports shrank markedly to $X in 2022. Over the period under review, exports saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 99%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), the Netherlands (X tons) and Turkey (X tons) were the main destinations of ferro-manganese exports from Russia, with a combined 54% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Netherlands (with a CAGR of +125.7%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for ferro-manganese exports from Russia, comprising 37% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 12% share of total exports. It was followed by Kazakhstan, with a 10% share.

From 2012 to 2022, the average annual growth rate of value to the United States stood at +9.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+130.4% per year) and Kazakhstan (-8.3% per year).

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 14% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to the Netherlands ($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 Saudi Arabia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into the Russian Federation

Ferro-manganese imports into Russia fell modestly to X tons in 2022, reducing by -2.4% compared with the year before. Overall, imports saw a abrupt downturn. The growth pace was the most rapid in 2021 with an increase of 5%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ferro-manganese imports fell rapidly to $X in 2022. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 78%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Ukraine (X tons) and South Korea (X tons) were the main suppliers of ferro-manganese imports to Russia.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ukraine (with a CAGR of -2.6%).

In value terms, South Korea ($X) and Ukraine ($X) appeared to be the largest ferro-manganese suppliers to Russia.

In terms of the main suppliers, South Korea, with a CAGR of +4.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, declining by -19.9% against the previous year. Overall, import price indicated measured growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-manganese import price increased by +35.4% against 2020 indices. The most prominent rate of growth was recorded in 2017 when the average import price increased by 70%. The import price peaked at $X per ton in 2021, and then fell rapidly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+16.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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