Western Africa: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Western Africa

The West African manganese ore and concentrate market reached $X in 2022, picking up by X% against the previous year. Over the period under review, consumption, however, posted a strong increase. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Manganese Ores and Concentrates in Western Africa

In value terms, manganese ore and concentrate production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, showed a strong increase. The growth pace was the most rapid in 2018 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Western Africa

In 2022, shipments abroad of manganese ores and concentrates was finally on the rise to reach X tons after two years of decline. Overall, exports posted a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, manganese ore and concentrate exports reduced to $X in 2022. Over the period under review, exports saw a tangible increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Nigeria (X tons), generating a X% share of total exports.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. Cote d'Ivoire (X p.p.) and Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest manganese ore and concentrate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was taken by Nigeria ($X), with a X% share of total exports.

In Cote d'Ivoire, manganese ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2022, falling by X% against the previous year. In general, the export price faced a abrupt setback. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per ton), while Nigeria amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Imports of Manganese Ores and Concentrates

Imports in Western Africa

In 2022, approx. X tons of manganese ores and concentrates were imported in Western Africa; falling by X% on 2021 figures. Overall, imports saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. 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, manganese ore and concentrate imports dropped rapidly to $X in 2022. Over the period under review, imports faced a abrupt curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Cote d'Ivoire represented the main importing country with an import of around X tons, which accounted for X% of total imports. It was distantly followed by Senegal (X tons), constituting a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to manganese ore and concentrate imports into Cote d'Ivoire stood at X%. At the same time, Senegal (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in Western Africa, with a CAGR of X% from 2012-2022. While the share of Senegal (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) constitutes the largest market for imported manganese ores and concentrates in Western Africa, comprising X% of total imports. The second position in the ranking was taken by Senegal ($X), with a X% share of total imports.

In Cote d'Ivoire, manganese ore and concentrate imports decreased by an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per ton), while Senegal totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (X%).

Source: IndexBox Platform

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