Thailand: Ferro-Manganese Market 2025

Ferro-Manganese Market Size in Thailand

The Thai ferro-manganese market expanded markedly to $X in 2022, rising by 5% 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 enjoyed a prominent increase. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Ferro-Manganese Exports

Exports from Thailand

In 2022, shipments abroad of ferro-manganese decreased by -52.8% to X tons, falling for the second year in a row after four years of growth. In general, exports showed a deep downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 76%. As a result, the exports reached the peak of X tons. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, ferro-manganese exports contracted markedly to $X in 2022. Over the period under review, exports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 131%. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X tons) was the main destination for ferro-manganese exports from Thailand, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Norway totaled +62.2%.

In value terms, Norway ($X) emerged as the key foreign market for ferro-manganese exports from Thailand.

From 2012 to 2022, the average annual rate of growth in terms of value to Norway totaled +580.4%.

Export Prices by Country

In 2022, the average ferro-manganese export price amounted to $X per ton, approximately reflecting the previous year. Overall, the export price showed prominent growth. The pace of growth was the most pronounced in 2021 an increase of 749% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +320.4% per year.

Ferro-Manganese Imports

Imports into Thailand

Ferro-manganese imports into Thailand stood at X tons in 2022, therefore, remained relatively stable against the previous year's figure. Overall, imports enjoyed a buoyant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 59%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ferro-manganese imports rose markedly to $X in 2022. In general, imports continue to indicate a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 112%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest ferro-manganese supplier to Thailand, with a 60% share of total imports. Moreover, ferro-manganese imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), twofold. Japan (X tons) ranked third in terms of total imports with a 4.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +6.7%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+20.9% per year) and Japan (-3.3% per year).

In value terms, the largest ferro-manganese suppliers to Thailand were India ($X), China ($X) and Japan ($X), with a combined 89% share of total imports. Mexico, Taiwan (Chinese) and South Africa lagged somewhat behind, together comprising a further 5.6%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +37.2%, recorded 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

In 2022, the average ferro-manganese import price amounted to $X per ton, rising by 7.5% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average import price increased by 37%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform

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