South Africa - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingNovember 2023 Sees South Africa's Ferro-manganese Export Increase Marginally to $8.3M
South Africa Ferro-Manganese Exports
In November 2023, ferro-manganese exports from South Africa rose sharply to 7.3K tons, picking up by 10% compared with the previous month. In general, exports, however, saw a pronounced contraction. The growth pace was the most rapid in October 2023 with an increase of 128% month-to-month.
In value terms, ferro-manganese exports totaled $8.3M (IndexBox estimates) in November 2023. Over the period under review, exports, however, showed a deep downturn. The pace of growth appeared the most rapid in October 2023 with an increase of 134% m-o-m.
| COUNTRY | Export Value of Ferro-Manganese in South Africa (million USD) | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Nov 2022 | Dec 2022 | Jan 2023 | Feb 2023 | Mar 2023 | Apr 2023 | May 2023 | Jun 2023 | Jul 2023 | Aug 2023 | Sep 2023 | Oct 2023 | Nov 2023 | |
| United States | 17.8 | N/A | 2.8 | 4.5 | 1.6 | 4.2 | 9.2 | < 0.1 | 5.9 | 6.0 | 0.2 | 6.2 | 4.4 |
| Germany | 2.6 | 3.1 | 3.4 | 2.3 | 3.8 | 2.2 | 1.2 | 3.1 | 2.5 | 1.9 | 1.5 | 0.1 | 2.3 |
| Austria | 2.5 | 1.9 | 3.2 | 0.5 | 0.8 | 1.9 | 0.7 | 1.0 | N/A | 0.7 | 0.5 | N/A | 1.2 |
| Turkey | 0.5 | N/A | < 0.1 | 2.8 | 0.3 | N/A | < 0.1 | N/A | N/A | N/A | < 0.1 | 0.5 | N/A |
| Others | 2.1 | 2.3 | 2.3 | 4.3 | 1.4 | 2.6 | 2.6 | 0.7 | 1.0 | 1.0 | 1.2 | 1.3 | 0.4 |
| Total | 25.5 | 7.3 | 11.7 | 14.6 | 7.9 | 10.8 | 13.7 | 4.9 | 9.4 | 9.7 | 3.5 | 8.1 | 8.3 |
Exports by Country
The United States (3.2K tons), Germany (2.6K tons) and Austria (999 tons) were the main destinations of ferro-manganese exports from South Africa, with a combined 93% share of total exports.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +5.6%), while the other leaders experienced a decline.
In value terms, the United States ($4.4M), Germany ($2.3M) and Austria ($1.2M) constituted the largest markets for ferro-manganese exported from South Africa worldwide, together accounting for 95% of total exports.
In terms of the main countries of destination, Germany, with a CAGR of -1.2%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.
Exports by Type
Ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (4.2K tons) and ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon (3.1K tons) were the main products of ferro-manganese exports from South Africa.
From November 2022 to November 2023, the most notable rate of growth in terms of shipments, amongst the major product types, was attained by ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon (with a CAGR of -3.4%).
In value terms, ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon ($5.7M) remains the largest type of ferro-manganese exported from South Africa, comprising 68% of total exports. The second position in the ranking was taken by ferro-alloys; ferro-manganese, containing by weight more than 2% of carbon ($2.6M), with a 32% share of total exports.
From November 2022 to November 2023, the average monthly rate of growth in terms of the export volume of ferro-alloys; ferro-manganese, containing by weight 2% or less of carbon amounted to -8.0%.
Export Prices by Country
In November 2023, the ferro-manganese price amounted to $1,136 per ton (FOB, South Africa), declining by -7.1% against the previous month. Overall, the export price recorded a perceptible decline. The growth pace was the most rapid in January 2023 an increase of 13% month-to-month. The export price peaked at $2,081 per ton in November 2022; however, from December 2022 to November 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($1,359 per ton), while the average price for exports to the Netherlands ($542 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (-2.1%), while the prices for the other major destinations experienced a decline.
This report provides an in-depth analysis of the ferro-manganese market in South Africa. 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:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
