Slovenia: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Slovenia

The Slovene ferro-manganese market fell remarkably to $X in 2022, which is down by -20.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed a pronounced downturn. As a result, consumption reached the peak level of $X, and then shrank dramatically in the following year.

Ferro-Manganese Exports

Exports from Slovenia

After three years of growth, overseas shipments of ferro-manganese decreased by -42.7% to X tons in 2022. Over the period under review, exports recorded a slight curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 137%. As a result, the exports reached the peak of X tons, and then contracted markedly in the following year.

In value terms, ferro-manganese exports contracted notably to $X in 2022. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 175%. As a result, the exports attained the peak of $X, and then shrank remarkably in the following year.

Exports by Country

Italy (X tons) was the main destination for ferro-manganese exports from Slovenia, with a 50% share of total exports. Moreover, ferro-manganese exports to Italy exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. The third position in this ranking was taken by Serbia (X tons), with a 9.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Italy stood at +48.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+92.0% per year) and Serbia (+28.4% per year).

In value terms, Italy ($X) remains the key foreign market for ferro-manganese exports from Slovenia, comprising 63% of total exports. The second position in the ranking was held by the Netherlands ($X), with a 16% share of total exports. It was followed by Serbia, with a 6.6% share.

From 2012 to 2022, the average annual growth rate of value to Italy totaled +63.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (+77.4% per year) and Serbia (+31.5% per year).

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2022, with a decrease of -81.7% against the previous year. Overall, the export price, however, saw a remarkable increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 160%. The export price peaked at $X per ton in 2021, and then declined significantly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Croatia ($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 Italy (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Slovenia

After three years of growth, purchases abroad of ferro-manganese decreased by -29.7% to X tons in 2022. Overall, imports recorded a noticeable descent. The growth pace was the most rapid in 2021 when imports increased by 68% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, ferro-manganese imports contracted notably to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 166%. As a result, imports attained the peak of $X, and then dropped markedly in the following year.

Imports by Country

Slovakia (X tons), South Africa (X tons) and India (X tons) were the main suppliers of ferro-manganese imports to Slovenia, together accounting for 62% of total imports. Spain, Italy, Zambia, South Korea, Malaysia and Norway lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +97.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), South Africa ($X) and Spain ($X) constituted the largest ferro-manganese suppliers to Slovenia, with a combined 60% share of total imports.

Among the main suppliers, Spain, with a CAGR of +116.6%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2022, surging by 8.7% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.7% 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 +71.7% against 2020 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 68% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Zambia (+10.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform