India - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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India - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Apr 22, 2023

India's Ferro-manganese Price Increases by 2%, Averaging $1,171 per Ton

India Ferro-Manganese Export Price in November 2022

In November 2022, the ferro-manganese price amounted to $1,171 per ton (FOB, India), rising by 2% against the previous month. Over the period under review, the export price, however, saw a noticeable decrease. The pace of growth appeared the most rapid in January 2022 an increase of 5.6% m-o-m. As a result, the export price reached the peak level of $1,882 per ton. From February 2022 to November 2022, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($1,995 per ton), while the average price for exports to Turkey ($904 per ton) was amongst the lowest.

From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+2.8%), while the prices for the other major destinations experienced a decline.

COUNTRYNov 2021Dec 2021Jan 2022Feb 2022Mar 2022Apr 2022May 2022Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022
Export Price of Ferro-Manganese in India (USD per ton)
Canada1,4351,9511,2661,6131,2771,9572,108N/A1,1962,073N/A9651,995
United Arab Emirates2,7112,0982,7032,3702,0021,9691,8331,7721,5211,4991,5131,3131,226
Brazil1,5181,6711,5791,3141,2821,7221,6951,6411,1439151,3231,1131,113
South Korea1,8301,7211,4131,3841,3651,4201,4211,3591,2181,1691,1211,0771,096
Egypt1,6561,6651,6501,5301,4161,6611,6471,6011,4661,2621,9789841,063
Oman1,4091,4711,4241,3882,8111,8932,3231,5841,5631,5051,3771,2631,021
United States1,5571,4241,1611,6151,9181,8552,0001,2181,2281,1931,1411,1361,009
Vietnam2,3791,7251,7991,7941,3261,5131,4991,3711,2691,217901889995
Italy1,8511,7901,6051,4521,7091,5561,4921,3751,1891,0931,118922989
Greece1,802N/A1,4222,6901,4791,4812,3291,4761,239925937N/A948
Indonesia1,4132,0321,9621,6141,3411,4021,4081,3021,3001,3041,262975938
Taiwan (Chinese)1,4641,6031,3991,3441,3821,5561,3891,3111,2801,0271,013937925
Turkey1,9492,4471,7783,0091,8771,8961,4091,5561,4021,0269821,283904
Average1,7301,7821,8821,7411,7021,7621,7171,6091,3801,4061,2811,1481,171

India Ferro-Manganese Export Prices by Type

Average prices varied somewhat for the major types of exported product. In November 2022, the product with the highest price was ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($1,525 per ton), while the average price for exports of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon stood at $1,113 per ton.

From November 2021 to November 2022, the most notable rate of growth in terms of prices was recorded for the following types: ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (-2.6%).

India Ferro-Manganese Exports

Ferro-manganese exports from India reduced sharply to 40K tons in November 2022, declining by -19.4% against the month before. In general, exports continue to indicate a perceptible contraction. The most prominent rate of growth was recorded in October 2022 when exports increased by 40% m-o-m.

In value terms, ferro-manganese exports shrank notably to $47M (IndexBox estimates) in November 2022. Overall, exports recorded a drastic downturn. The pace of growth appeared the most rapid in October 2022 when exports increased by 25% month-to-month.

India Ferro-Manganese Exports by Type

Ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (34K tons) was the largest type of ferro-manganese exported from India, accounting for a 86% share of total exports. Moreover, ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon exceeded the volume of the second product type, ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (5.7K tons), sixfold.

From November 2021 to November 2022, the average monthly growth rate of the volume of export of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon amounted to -5.0%.

In value terms, ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon ($38M) remains the largest type of ferro-manganese exported from India, comprising 82% of total exports. The second position in the ranking was taken by ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($8.6M), with an 18% share of total exports.

From November 2021 to November 2022, the average monthly growth rate of the export volume of ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon totaled -7.4%.

India Ferro-Manganese Exports by Country

The United Arab Emirates (9K tons), the United States (6K tons) and Italy (4.2K tons) were the main destinations of ferro-manganese exports from India, with a combined 48% share of total exports. Canada, Turkey, Brazil, Indonesia, Egypt, Vietnam, South Korea, Oman, Taiwan (Chinese) and Greece lagged somewhat behind, together comprising a further 42%.

From November 2021 to November 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Indonesia (with a CAGR of +10.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for ferro-manganese exported from India were the United Arab Emirates ($11M), Canada ($8.4M) and the United States ($6M), together comprising 54% of total exports.

Among the main countries of destination, Canada, with a CAGR of +13.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-manganese market in India. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 24101215 - Ferro-manganese

Country coverage:

  • India

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in India
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS
  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030
  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT
  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES
  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS
  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE
  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY
  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY
  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO
  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023
  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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