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

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

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Ferro-Manganese Price in Colombia - 2022

Contents:

  1. Ferro-Manganese Price in Colombia (CIF) - 2022
  2. Ferro-Manganese Price in Colombia (FOB) - 2022
  3. Ferro-Manganese Imports in Colombia
  4. Ferro-Manganese Exports in Colombia

Ferro-Manganese Price in Colombia (CIF) - 2022

The average ferro-manganese import price stood at $2,237 per ton in February 2022, shrinking by -43.1% against the previous month. Overall, the import price, however, enjoyed a slight increase. The pace of growth appeared the most rapid in May 2021 when the average import price increased by 75% month-to-month. Over the period under review, average import prices reached the peak figure at $3,928 per ton in January 2022, and then fell significantly in the following month.

As there is only one major supplying country, the average price level is determined by prices for India.

From February 2021 to February 2022, the rate of growth in terms of prices for Norway amounted to +11.7% per month.

Ferro-Manganese Price in Colombia (FOB) - 2022

The average ferro-manganese export price stood at $3,553 per ton in 2022, rising by 13% against the previous year. Over the period under review, export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-manganese export price decreased by -15.9% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices attained the peak figure at $4,223 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Ecuador ($4,375 per ton) and Venezuela ($4,201 per ton), while the average price for exports to Peru ($3,073 per ton) and Costa Rica ($3,826 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Venezuela (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports in Colombia

In 2022, approx. 739 tons of ferro-manganese were imported into Colombia; waning by -20.6% on 2021 figures. In general, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 70%. As a result, imports attained the peak of 931 tons, and then declined sharply in the following year.

In value terms, ferro-manganese imports contracted sharply to $1.7M in 2022. Over the period under review, imports, however, showed prominent growth. The most prominent rate of growth was recorded in 2021 with an increase of 101%. As a result, imports reached the peak of $2.3M, and then reduced markedly in the following year.

Import of Ferro-Manganese in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Mexico14212526121915.5%
India12517829721419.6%
Netherlands82.156.618316726.7%
South Africa11393.31461489.4%
Spain203109236148-10.0%
Norway1291302111423.3%
Turkey77.871.096.180.21.0%
France58.653.290.471.16.7%
United States49.036.759.454.23.4%
Others30227668745614.7%
Total1,2821,1282,2671,6989.8%

Top Suppliers of Ferro-Manganese to Colombia in 2022:

  1. Mexico (109.2 tons)
  2. Netherlands (92.0 tons)
  3. India (90.1 tons)
  4. South Africa (85.7 tons)
  5. Spain (49.8 tons)
  6. Turkey (36.9 tons)
  7. Norway (36.3 tons)
  8. United States (29.0 tons)
  9. France (22.9 tons)

Ferro-Manganese Exports in Colombia

In 2022, approx. 4.8 tons of ferro-manganese were exported from Colombia; declining by -20.2% compared with 2021. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +7.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.0% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 68% against the previous year. As a result, the exports reached the peak of 6.1 tons, and then declined rapidly in the following year.

In value terms, ferro-manganese exports fell to $17K in 2022. The total export value increased at an average annual rate of +7.0% 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 with an increase of 26%. As a result, the exports reached the peak of $19K, and then declined in the following year.

Export of Ferro-Manganese in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Peru1.82.315.78.567.8%
Ecuador8.58.01.95.0-16.2%
Costa Rica3.03.90.22.4-7.2%
Venezuela0.81.01.31.214.5%
OthersN/AN/AN/AN/A0%
Total14.015.219.117.27.1%

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

  1. Peru (2772.0 kg)
  2. Ecuador (1138.0 kg)
  3. Costa Rica (638.0 kg)
  4. Venezuela (288.0 kg)

Source: IndexBox Market Intelligence Platform

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

  • Colombia

Data coverage:

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