U.S. - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Manganese Price in the United States - 2023
Contents:
- Ferro-Manganese Price in the United States (CIF) - 2023
- Ferro-Manganese Price in the United States (FOB) - 2023
- Ferro-Manganese Imports in the United States
- Ferro-Manganese Exports in the United States
Ferro-Manganese Price in the United States (CIF) - 2023
In August 2023, the average ferro-manganese import price amounted to $1,282 per ton, therefore, remained relatively stable against the previous month. In general, the import price, however, showed a deep contraction. The pace of growth was the most pronounced in October 2022 an increase of 21% against the previous month. As a result, import price attained the peak level of $2,844 per ton. From November 2022 to August 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($1,762 per ton), while the price for India ($976 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (-3.3%), while the prices for the other major suppliers experienced a decline.
Ferro-Manganese Price in the United States (FOB) - 2023
The average ferro-manganese export price stood at $1,691 per ton in August 2023, therefore, remained relatively stable against the previous month. In general, the export price, however, recorded a mild curtailment. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 7.8% against the previous month. Over the period under review, the average export prices hit record highs at $2,235 per ton in November 2022; however, from December 2022 to August 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 Canada.
From August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to -1.4% per month.
Ferro-Manganese Imports in the United States
In 2022, ferro-manganese imports into the United States was estimated at 329K tons, remaining stable against 2021 figures. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 90%.
In value terms, ferro-manganese imports surged to $733M in 2022. Over the period under review, imports posted buoyant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 102%. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the immediate term.
| Import of Ferro-Manganese in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 56.7 | 38.9 | 65.4 | 139 | 34.8% |
| Australia | 86.8 | 38.7 | 88.0 | 119 | 11.1% |
| South Africa | 76.8 | 44.3 | 77.5 | 118 | 15.4% |
| South Korea | 60.9 | 38.1 | 53.4 | 117 | 24.3% |
| Norway | 84.5 | 48.1 | 96.7 | 101 | 6.1% |
| India | 2.1 | 2.5 | 63.6 | 66.7 | 216.7% |
| Russia | 24.8 | 23.6 | 23.1 | 33.6 | 10.7% |
| Others | 49.7 | 8.7 | 22.0 | 39.0 | -7.8% |
| Total | 442 | 243 | 490 | 733 | 18.4% |
Top Suppliers of Ferro-Manganese to the United States in 2022:
- Malaysia (70.2K tons)
- Australia (53.1K tons)
- South Korea (46.9K tons)
- India (43.7K tons)
- South Africa (43.1K tons)
- Norway (40.5K tons)
- Russia (16.9K tons)
Ferro-Manganese Exports in the United States
In 2022, approx. 10K tons of ferro-manganese were exported from the United States; growing by 27% against the previous year. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +14.3% 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 +86.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
In value terms, ferro-manganese exports soared to $12M in 2022. Overall, exports recorded significant growth. The pace of growth was the most pronounced in 2021 when exports increased by 95%. Over the period under review, the exports attained the maximum in 2022 and are likely to see steady growth in the near future.
| Export of Ferro-Manganese in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 2.2 | 1.7 | 7.8 | 11.6 | 74.1% |
| Uzbekistan | 1.4 | 2.4 | N/A | N/A | 71.4% |
| Others | 0.2 | 0.1 | 0.5 | 0.2 | 0.0% |
| Total | 3.8 | 4.2 | 8.3 | 11.8 | 45.9% |
Top Export Markets for Ferro-Manganese from the United States in 2022:
- Canada (9.8K tons)
This report provides an in-depth analysis of the ferro-manganese market in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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
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