Turkey - Ferro-Manganese - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFerro-Manganese Price in Turkey - 2023
Contents:
- Ferro-Manganese Price in Turkey (CIF) - 2023
- Ferro-Manganese Price in Turkey (FOB) - 2023
- Ferro-Manganese Imports in Turkey
- Ferro-Manganese Exports in Turkey
Ferro-Manganese Price in Turkey (CIF) - 2023
In July 2023, the average ferro-manganese import price amounted to $1,323 per ton, waning by -7.7% against the previous month. In general, the import price showed a pronounced decline. The pace of growth was the most pronounced in January 2023 when the average import price increased by 28% month-to-month. Over the period under review, average import prices attained the maximum at $2,229 per ton in July 2022; however, from August 2022 to July 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($2,213 per ton), while the price for Australia ($1,065 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by China (+2.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Ferro-Manganese Price in Turkey (FOB) - 2023
In July 2023, the average ferro-manganese export price amounted to $1,480 per ton, falling by -19.4% against the previous month. In general, the export price showed a noticeable setback. The growth pace was the most rapid in August 2022 an increase of 64% m-o-m. As a result, the export price reached the peak level of $3,582 per ton. From September 2022 to July 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Azerbaijan ($1,750 per ton), while the average price for exports to Iraq ($1,035 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Algeria (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Ferro-Manganese Imports in Turkey
In 2022, ferro-manganese imports into Turkey contracted modestly to 96K tons, falling by -3.9% on 2021. In general, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 49% against the previous year. As a result, imports reached the peak of 100K tons, and then fell modestly in the following year.
In value terms, ferro-manganese imports soared to $233M in 2022. Overall, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 137% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Ferro-Manganese in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Norway | 45.6 | 24.1 | 36.6 | 75.6 | 18.4% |
| India | 4.9 | 5.8 | 47.0 | 60.3 | 130.9% |
| China | 0.1 | 0.1 | 2.8 | 24.5 | 525.7% |
| France | 2.7 | 4.1 | 1.8 | 21.1 | 98.4% |
| South Korea | 15.6 | 4.7 | 17.3 | 16.2 | 1.3% |
| Russia | 13.3 | 9.3 | 25.2 | 9.2 | -11.6% |
| Malaysia | 1.2 | 4.7 | 3.9 | 5.5 | 66.1% |
| Spain | 4.4 | 2.1 | 5.2 | 3.4 | -8.2% |
| South Africa | 8.2 | 6.7 | 3.6 | 3.2 | -26.9% |
| Ukraine | 13.3 | 4.7 | 8.3 | 0.1 | -80.4% |
| Others | 2.0 | 0.9 | 7.6 | 14.1 | 91.7% |
| Total | 111 | 67.3 | 159 | 233 | 28.0% |
Top Suppliers of Ferro-Manganese to Turkey in 2022:
- India (28.7K tons)
- Norway (25.1K tons)
- France (11.7K tons)
- China (7.1K tons)
- Russia (6.3K tons)
- South Korea (5.0K tons)
- Malaysia (3.6K tons)
- South Africa (2.3K tons)
- Spain (0.8K tons)
- Ukraine (0.1K tons)
Ferro-Manganese Exports in Turkey
In 2022, ferro-manganese exports from Turkey shrank to 803 tons, waning by -14.6% compared with the previous year's figure. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 155%. As a result, the exports attained the peak of 940 tons, and then fell in the following year.
In value terms, ferro-manganese exports fell rapidly to $3.6M in 2022. In general, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by 153% against the previous year. As a result, the exports attained the peak of $5.4M, and then declined remarkably in the following year.
| Export of Ferro-Manganese in Turkey (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 368 | N/A | N/A | 1,714 | 67.0% |
| Azerbaijan | 98.0 | 55.9 | 39.3 | 602 | 83.1% |
| Egypt | N/A | 6.3 | 1,131 | 184 | 440.4% |
| Uzbekistan | N/A | N/A | 458 | 112 | -75.5% |
| Kazakhstan | N/A | N/A | N/A | 102 | 0% |
| Israel | 1.6 | 70.5 | N/A | 98.7 | 295.1% |
| Bulgaria | 141 | 48.6 | 55.2 | 95.6 | -12.1% |
| Argentina | N/A | N/A | N/A | 73.8 | 0% |
| Greece | 127 | 49.3 | 231 | 65.9 | -19.6% |
| Malaysia | 999 | 79.4 | N/A | 26.6 | -70.1% |
| Austria | N/A | N/A | 2,486 | N/A | 0% |
| Yemen | 77.7 | N/A | N/A | N/A | 0% |
| Afghanistan | 217 | N/A | N/A | N/A | 0% |
| Others | 396 | 1,821 | 993 | 535 | 10.5% |
| Total | 2,425 | 2,131 | 5,394 | 3,609 | 14.2% |
Top Export Markets for Ferro-Manganese from Turkey in 2022:
- Canada (226.3 tons)
- Egypt (147.5 tons)
- Azerbaijan (77.7 tons)
- Uzbekistan (65.9 tons)
- Argentina (44.5 tons)
- Greece (39.5 tons)
- Malaysia (17.3 tons)
- Kazakhstan (13.5 tons)
- Israel (13.4 tons)
- Bulgaria (12.4 tons)
This report provides an in-depth analysis of the ferro-manganese market in Turkey. 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:
- Turkey
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Turkey
- 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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