Southern Asia: Market for Manganites, Manganates And Permanganates, Molybdates And Tungstates 2024

Market Size for Manganites, Manganates And Permanganates, Molybdates And Tungstates in Southern Asia

The South Asian market for manganites, manganates and permanganates, molybdates and tungstates was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, recorded a buoyant increase. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Production of Manganites, Manganates And Permanganates, Molybdates And Tungstates in Southern Asia

In value terms, manganites, manganates, molybdates and tungstates production totaled $X in 2021 estimated in export price. In general, production, however, posted a prominent increase. The pace of growth was the most pronounced in 2018 with an increase of 40%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Exports in Southern Asia

In 2021, the amount of manganites, manganates and permanganates, molybdates and tungstates exported in Southern Asia skyrocketed to X tons, rising by 60% on 2020 figures. Over the period under review, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, manganites, manganates, molybdates and tungstates exports skyrocketed to $X in 2021. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 108%. The level of export peaked in 2021 and is likely to see steady growth in the near future.

Exports by Country

The shipments of the one major exporters of manganites, manganates and permanganates, molybdates and tungstates, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the manganites, manganates and permanganates, molybdates and tungstates exports, with a CAGR of +17.9% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest manganites, manganates, molybdates and tungstates supplier in Southern Asia.

In India, manganites, manganates, molybdates and tungstates exports expanded at an average annual rate of +24.8% over the period from 2012-2021.

Export Prices by Country

In 2021, the export price in Southern Asia amounted to $X per ton, increasing by 16% against the previous year. Overall, the export price saw a strong expansion. The pace of growth appeared the most rapid in 2018 an increase of 50%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2021, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +5.8% per year.

Imports of Manganites, Manganates And Permanganates, Molybdates And Tungstates

Imports in Southern Asia

For the third year in a row, Southern Asia recorded growth in purchases abroad of manganites, manganates and permanganates, molybdates and tungstates, which increased by 0.5% to X tons in 2021. In general, imports continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 70% against the previous year. The volume of import peaked in 2021 and is likely to see gradual growth in years to come.

In value terms, manganites, manganates, molybdates and tungstates imports stood at $X in 2021. Overall, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2014 with an increase of 53%. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Bangladesh was the main importer of manganites, manganates and permanganates, molybdates and tungstates in Southern Asia, with the volume of imports recording X tons, which was approx. 65% of total imports in 2021. India (X tons) held the second position in the ranking, followed by Pakistan (X tons). All these countries together took approx. 31% share of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

Bangladesh was also the fastest-growing in terms of the manganites, manganates and permanganates, molybdates and tungstates imports, with a CAGR of +23.0% from 2012 to 2021. At the same time, Sri Lanka (+13.9%) and Pakistan (+6.3%) displayed positive paces of growth. India experienced a relatively flat trend pattern. While the share of Bangladesh (+38 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Pakistan (-7.7 p.p.) and India (-30.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bangladesh ($X), India ($X) and Pakistan ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 96% of total imports.

Among the main importing countries, Bangladesh, with a CAGR of +22.1%, saw the highest rates of growth with regard to 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 import price in Southern Asia stood at $X per ton in 2021, stabilizing at the previous year. Overall, the import price, however, recorded a pronounced descent. The most prominent rate of growth was recorded in 2018 when the import price increased by 16% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was India ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+2.2%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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