United Arab Emirates: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in the United Arab Emirates

The ferro-manganese market in the United Arab Emirates declined to $X in 2022, with a decrease of -6.5% against the previous year. In general, consumption, however, continues to indicate a buoyant expansion. As a result, consumption reached the peak level of $X, and then shrank in the following year.

Ferro-Manganese Production in the United Arab Emirates

In value terms, ferro-manganese production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production saw a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 49% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Ferro-Manganese Exports

Exports from the United Arab Emirates

In 2022, approx. X tons of ferro-manganese were exported from the United Arab Emirates; increasing by 186% compared with 2021. In general, exports, however, saw a abrupt shrinkage. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-manganese exports declined significantly to $X in 2022. Over the period under review, exports, however, saw a pronounced decrease. The pace of growth appeared the most rapid in 2020 when exports increased by 190%. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Iran (X tons) was the main destination for ferro-manganese exports from the United Arab Emirates, with a 75% share of total exports. Moreover, ferro-manganese exports to Iran exceeded the volume sent to the second major destination, Free Zones (X tons), ninefold. Oman (X tons) ranked third in terms of total exports with a 6.9% share.

From 2012 to 2022, the average annual growth rate of volume to Iran stood at -12.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Free Zones (+8.3% per year) and Oman (+11.0% per year).

In value terms, Iran ($X) remains the key foreign market for ferro-manganese exports from the United Arab Emirates, comprising 94% of total exports. The second position in the ranking was taken by Oman ($X), with a 1.9% share of total exports. It was followed by Free Zones, with a 0.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Iran stood at -4.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+8.4% per year) and Free Zones (-17.5% per year).

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2022, shrinking by -76.5% against the previous year. In general, the export price, however, recorded a prominent increase. The pace of growth appeared the most rapid in 2019 when the average export price increased by 85% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat 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 Iran ($X per ton), while the average price for exports to Free Zones ($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 Mexico (+12.1%), while the prices for the other major destinations experienced mixed trend patterns.

Ferro-Manganese Imports

Imports into the United Arab Emirates

In 2022, imports of ferro-manganese into the United Arab Emirates declined modestly to X tons, standing approx. at the year before. Over the period under review, imports showed a abrupt curtailment. The growth pace was the most rapid in 2013 when imports increased by 12%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, ferro-manganese imports reached $X in 2022. Overall, imports, however, saw a measured increase. The growth pace was the most rapid in 2019 when imports increased by 91%. Over the period under review, imports reached the peak figure at $X in 2020; afterwards, it flattened through to 2022.

Imports by Country

South Korea (X tons), India (X tons) and Russia (X tons) were the main suppliers of ferro-manganese imports to the United Arab Emirates, with a combined 77% share of total imports. Malaysia, Saudi Arabia, Zambia, South Africa and Egypt lagged somewhat behind, together comprising a further 21%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Zambia (with a CAGR of +41.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X) constituted the largest supplier of ferro-manganese to the United Arab Emirates, comprising 63% of total imports. The second position in the ranking was taken by Saudi Arabia ($X), with a 12% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2022, the average annual growth rate of value from South Korea stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Saudi Arabia (+62.4% per year) and India (+42.6% per year).

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, stabilizing at the previous year. Overall, the import price showed resilient growth. The pace of growth appeared the most rapid in 2019 when the average import price increased by 88%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; afterwards, it flattened through to 2022.

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 Saudi Arabia ($X per ton), while the price for Zambia ($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 (+29.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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