U.S.: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in the U.S.

In 2022, the U.S. ferro-silico-manganese market increased by 83% to $X, rising for the second consecutive year after two years of decline. In general, consumption saw a strong increase. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Ferro-Silico-Manganese Exports

Exports from the U.S.

In 2022, exports of ferro-silico-manganese from the United States fell significantly to X tons, dropping by -26.4% compared with 2021 figures. Overall, exports, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2021 with an increase of 68%. As a result, the exports attained the peak of X tons, and then dropped notably in the following year.

In value terms, ferro-silico-manganese exports shrank to $X in 2022. In general, exports, however, continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 with an increase of 80% against the previous year. The exports peaked at $X in 2021, and then fell in the following year.

Exports by Country

Canada (X tons) was the main destination for ferro-silico-manganese exports from the United States, with a 97% share of total exports. It was followed by Mexico (X tons), with a 3.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Canada amounted to +4.7%.

In value terms, Canada ($X) remains the key foreign market for ferro-silico-manganese exports from the United States, comprising 98% of total exports. The second position in the ranking was held by Mexico ($X), with a 2.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +9.2%.

Export Prices by Country

In 2022, the average ferro-silico-manganese export price amounted to $X per ton, increasing by 27% against the previous year. Over the period under review, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of +4.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese export price increased by +53.0% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 48% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Mexico totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.3%).

Ferro-Silico-Manganese Imports

Imports into the U.S.

In 2022, supplies from abroad of ferro-silico-manganese increased by 77% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2021 when imports increased by 89% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, ferro-silico-manganese imports surged to $X in 2022. In general, imports saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 169%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

South Africa (X tons), Georgia (X tons) and Norway (X tons) were the main suppliers of ferro-silico-manganese imports to the United States, with a combined 73% share of total imports. India and Spain lagged somewhat behind, together accounting for a further 11%.

From 2012 to 2022, the biggest increases were recorded for India (with a CAGR of +27.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Georgia ($X), South Africa ($X) and Norway ($X) were the largest ferro-silico-manganese suppliers to the United States, with a combined 71% share of total imports. India and Spain lagged somewhat behind, together accounting for a further 11%.

India, with a CAGR of +24.3%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-silico-manganese import price amounted to $X per ton, approximately equating the previous year. Overall, import price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by +42.0% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 45%. The import price peaked in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Georgia (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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