Canada - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Manganese Price in Canada - 2023
Contents:
- Ferro-Manganese Price in Canada (CIF) - 2022
- Ferro-Manganese Price in Canada (FOB) - 2023
- Ferro-Manganese Imports in Canada
- Ferro-Manganese Exports in Canada
Ferro-Manganese Price in Canada (CIF) - 2022
In 2022, the average ferro-manganese import price amounted to $2,188 per ton, with an increase of 35% against the previous year. In general, import price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-manganese import price increased by +94.0% against 2020 indices. The pace of growth was the most pronounced in 2017 an increase of 61% against the previous year. The import price peaked in 2022 and is likely to continue growth in years to come.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Mexico ($3,917 per ton), while the price for India ($1,721 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Africa (+11.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Ferro-Manganese Price in Canada (FOB) - 2023
In May 2023, the average ferro-manganese export price amounted to $2,469 per ton, with an increase of 20% against the previous month. In general, the export price, however, saw a mild contraction. The pace of growth appeared the most rapid in November 2022 an increase of 102% month-to-month. The export price peaked at $5,786 per ton in December 2022; however, from January 2023 to May 2023, the export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for the United States.
From May 2022 to May 2023, the rate of growth in terms of prices for Iceland amounted to -1.1% per month.
Ferro-Manganese Imports in Canada
Ferro-manganese imports into Canada declined dramatically to 72K tons in 2022, which is down by -18.2% compared with 2021 figures. Overall, imports saw a perceptible reduction. The pace of growth appeared the most rapid in 2021 with an increase of 65%. As a result, imports attained the peak of 88K tons, and then declined markedly in the following year.
In value terms, ferro-manganese imports expanded markedly to $157M in 2022. Over the period under review, imports, however, posted a strong expansion. The pace of growth was the most pronounced in 2021 with an increase of 137%. Imports peaked in 2022 and are likely to continue growth in the near future.
| Import of Ferro-Manganese in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 54.8 | 23.5 | 71.3 | 65.5 | 6.1% |
| India | 15.8 | 7.8 | 37.4 | 61.5 | 57.3% |
| South Africa | 16.1 | 12.2 | 8.7 | 9.2 | -17.0% |
| Mexico | 2.2 | 1.6 | 3.5 | 8.5 | 56.9% |
| United States | 6.7 | 5.2 | 12.4 | 6.4 | -1.5% |
| Australia | 10.5 | 2.8 | 0.5 | 0.5 | -63.8% |
| Russia | 3.6 | 2.6 | 0.6 | 0.3 | -56.3% |
| Others | 7.2 | 4.4 | 8.2 | 5.3 | -9.7% |
| Total | 117 | 60.2 | 142 | 157 | 10.3% |
Top Suppliers of Ferro-Manganese to Canada in 2022:
- India (35.7K tons)
- Norway (26.6K tons)
- South Africa (2.6K tons)
- United States (2.3K tons)
- Mexico (2.2K tons)
- Australia (0.2K tons)
- Russia (0.1K tons)
Ferro-Manganese Exports in Canada
In 2022, after two years of decline, there was significant growth in shipments abroad of ferro-manganese, when their volume increased by 120% to 148 tons. Overall, exports showed a temperate increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, ferro-manganese exports surged to $666K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Ferro-Manganese in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 66.8 | 90.0 | 93.2 | 666 | 115.2% |
| India | 117 | 0.2 | N/A | N/A | -99.8% |
| Saudi Arabia | N/A | 29.1 | 30.5 | N/A | 4.8% |
| Others | 9.8 | 0.4 | 122 | 0.5 | -62.9% |
| Total | 194 | 120 | 245 | 666 | 50.9% |
Top Export Markets for Ferro-Manganese from Canada in 2022:
- United States (147.5 tons)
This report provides an in-depth analysis of the ferro-manganese market in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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
-
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
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