Belgium - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
Report Update: May 1, 2024

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

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Ferro-Manganese Price in Belgium - 2023

Contents:

  1. Ferro-Manganese Price in Belgium (CIF) - 2023
  2. Ferro-Manganese Price in Belgium (FOB) - 2023
  3. Ferro-Manganese Imports in Belgium
  4. Ferro-Manganese Exports in Belgium

Ferro-Manganese Price in Belgium (CIF) - 2023

The average ferro-manganese import price stood at $1,306 per ton in June 2023, declining by -1.5% against the previous month. In general, the import price continues to indicate a noticeable contraction. The growth pace was the most rapid in March 2023 when the average import price increased by 5.3% m-o-m. Over the period under review, average import prices attained the peak figure at $2,159 per ton in June 2022; however, from July 2022 to June 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In June 2023, the highest price was recorded for prices from the Netherlands ($1,316 per ton) and France ($1,271 per ton), while the price for India ($1,094 per ton) and Italy ($1,231 per ton) were amongst the lowest.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Italy (-2.8%), while the prices for the other major suppliers experienced a decline.

Ferro-Manganese Price in Belgium (FOB) - 2023

In May 2023, the average ferro-manganese export price amounted to $2,127 per ton, rising by 13% against the previous month. In general, the export price, however, showed a perceptible shrinkage. The pace of growth was the most pronounced in March 2023 when the average export price increased by 42% month-to-month. The export price peaked at $3,322 per ton in May 2022; however, from June 2022 to May 2023, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for France.

From May 2022 to May 2023, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per month.

Ferro-Manganese Imports in Belgium

In 2022, the amount of ferro-manganese imported into Belgium fell to 34K tons, reducing by -14.3% compared with 2021. The total import volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 34% against the previous year. As a result, imports reached the peak of 39K tons, and then dropped in the following year.

In value terms, ferro-manganese imports rose significantly to $65M in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2021 when imports increased by 96%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Import of Ferro-Manganese in Belgium (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Netherlands13.612.120.851.656.0%
France18.513.032.48.8-21.9%
Italy0.82.24.13.360.4%
Germany3.30.41.00.2-60.7%
Spain2.22.71.70.2-55.0%
Others0.70.61.11.322.9%
Total39.231.261.065.518.7%

Top Suppliers of Ferro-Manganese to Belgium in 2022:

  1. Netherlands (25.2K tons)
  2. France (5.9K tons)
  3. Italy (1.9K tons)
  4. Germany (0.1K tons)
  5. Spain (0.1K tons)

Ferro-Manganese Exports in Belgium

In 2022, the amount of ferro-manganese exported from Belgium surged to 3.9K tons, with an increase of 47% compared with 2021. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +62.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-manganese exports soared to $6.2M in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Ferro-Manganese in Belgium (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
France2581,7631,7333,246132.6%
Germany1,9427601,2252,3126.0%
Portugal82.667.434.917929.4%
Netherlands260126130162-14.6%
United Kingdom236N/A50.991.7-27.0%
Italy24610631473.4-33.2%
Others36419238.194.8-36.1%
Total3,3893,0153,5266,15922.0%

Top Export Markets for Ferro-Manganese from Belgium in 2022:

  1. France (1721.6 tons)
  2. Germany (1675.0 tons)
  3. Netherlands (205.7 tons)
  4. Portugal (125.2 tons)
  5. United Kingdom (84.9 tons)
  6. Italy (26.5 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the ferro-manganese market in Belgium. 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:

  • Belgium

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Belgium
  • 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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