India's Exports of Ferro-Manganese Surged 53% to $227M in 2014

Basic Iron And Steel August 10, 2015
Author: Alexander Romanenko
Chief Executive Officer

India took the second spot in the global ferro-manganese trade. In 2014, India exported 223 thousand tonnes of ferro-manganese totaling 227 USD, a robust 53% over the previous year. Its primary trading partner was Iran, where it supplied 42.6% of its total ferro-manganese exports in value terms, accounting for 97.0% of Iran's total imports.

From 2007 to 2014, India was a net exporter of ferro-manganese. Over this period, exports consistently exceeded imports in value terms. In physical terms, this difference was even more pronounced.

South Africa and the Netherlands were among the other main global suppliers of ferro-manganese in 2014. However, the fastest growing exporters from 2007 to 2014 were Poland (+22.0% per year) and India (+12.1% per year). With this sustained growth, India was able to significantly strengthen its position in the global export structure.

In 2014, India's top 5 trading partners were Iran, the United Arab Emirates, Japan, Indonesia and Pakistan, with a combined 73.5% share of India's ferro-manganese exports. The share of Iran increased significantly (+39.8 percentage points), while the share of Italy illustrated negative dynamics (-12.2 percentage points).

Source: World: Ferro-Manganese - Market Report. Analysis and Forecast to 2020