Overview of the Global Market for Manganese Ores and Concentrates

Market Size for Manganese Ores and Concentrates

In 2022, the global manganese ore and concentrate market increased by X% to $X, rising for the second consecutive year after two years of decline. Overall, the total consumption indicated a moderate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the global market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Manganese Ores and Concentrates

In value terms, manganese ore and concentrate production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a somewhat lower figure.

Exports of Manganese Ores and Concentrates

Exports

In 2022, overseas shipments of manganese ores and concentrates decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. In general, total exports indicated a noticeable expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the global exports hit record highs at X tons in 2021, and then contracted in the following year.

In value terms, manganese ore and concentrate exports shrank to $X in 2022. Over the period under review, total exports indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The global exports peaked at $X in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, South Africa (X tons) represented the key exporter of manganese ores and concentrates, creating X% of total exports. It was distantly followed by Gabon (X tons), making up a X% share of total exports. Brazil (X tons), Cote d'Ivoire (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to manganese ore and concentrate exports from South Africa stood at X%. At the same time, Cote d'Ivoire (X%) and Gabon (X%) displayed positive paces of growth. Moreover, Cote d'Ivoire emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Malaysia (X%) and Brazil (X%) illustrated a downward trend over the same period. While the share of South Africa (X p.p.), Gabon (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the global exports from 2012-2022, the share of Malaysia (X p.p.) and Brazil (X p.p.) displayed negative dynamics.

In value terms, the largest manganese ore and concentrate supplying countries worldwide were South Africa ($X), Gabon ($X) and Brazil ($X), together accounting for X% of global exports. Cote d'Ivoire and Malaysia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Cote d'Ivoire, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average manganese ore and concentrate export price stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of X%. The global export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Gabon (X%), while the other global leaders experienced a decline in the export price figures.

Imports of Manganese Ores and Concentrates

Imports

In 2022, approx. X tons of manganese ores and concentrates were imported worldwide; remaining stable against the previous year's figure. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Global imports peaked at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports totaled $X in 2022. Overall, imports, however, posted prominent growth. The growth pace was the most rapid in 2017 with an increase of X%. Global imports peaked at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China represented the main importing country with an import of about X tons, which amounted to X% of total imports. It was distantly followed by India (X tons), achieving a X% share of total imports. Russia (X tons), Norway (X tons), South Korea (X tons), Malaysia (X tons) and Japan (X tons) followed a long way behind the leaders.

Imports into China increased at an average annual rate of X% from 2012 to 2022. At the same time, Malaysia (X%), India (X%), Russia (X%) and Norway (X%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. By contrast, South Korea (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) and Malaysia (X p.p.) increased significantly in terms of the global imports from 2012-2022, the share of Norway (X p.p.), Japan (X p.p.) and South Korea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported manganese ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was held by India ($X), with a X% share of global imports. It was followed by Norway, with a X% share.

From 2012 to 2022, the average annual growth rate of value in China totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: India (X% per year) and Norway (X% per year).

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average import price increased by X%. Global import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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