Manganese Oxides Price in Turkey - 2023

Contents:

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

Manganese Oxides Price in Turkey (CIF) - 2022

The average manganese oxides import price stood at $1,296 per ton in 2022, picking up by 46% against the previous year. Over the period under review, the import price, however, continues to indicate a perceptible slump. The most prominent rate of growth was recorded in 2017 when the average import price increased by 51%. The import price peaked at $1,829 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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 Germany ($7,691 per ton), while the price for Georgia ($890 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Manganese Oxides Price in Turkey (FOB) - 2022

In 2022, the average manganese oxides export price amounted to $3,984 per ton, rising by 110% against the previous year. In general, the export price, however, recorded a perceptible contraction. The growth pace was the most rapid in 2019 when the average export price increased by 111% against the previous year. The export price peaked at $5,831 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($8,109 per ton), while the average price for exports to Kuwait ($482 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Manganese Oxides Imports in Turkey

In 2022, imports of manganese oxideses into Turkey rose modestly to 1.7K tons, with an increase of 2% against 2021 figures. The total import volume increased at an average annual rate of +3.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 16% against the previous year. As a result, imports reached the peak of 1.8K tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, manganese oxides imports skyrocketed to $2.2M in 2022. In general, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.4% 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 +74.7% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Import of Manganese Oxides in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Georgia735952784721-0.6%
India33.1177247413131.9%
Germany6.47.630.8269247.7%
Norway3.556.618.0214294.0%
BelgiumN/A0.22.21012147.2%
South Africa24015022756.7-38.2%
BrazilN/AN/AN/A32.40%
South KoreaN/A61.258.029.8-30.2%
United Arab Emirates160N/AN/AN/A0%
Others67.212088.133871.3%
Total1,2451,5251,4552,17420.4%

Top Suppliers of Manganese Oxides to Turkey in 2022:

  1. Georgia (810.0 tons)
  2. India (325.1 tons)
  3. Norway (235.0 tons)
  4. Belgium (100.0 tons)
  5. South Africa (56.0 tons)
  6. Germany (35.0 tons)
  7. Brazil (31.6 tons)
  8. South Korea (20.0 tons)

Manganese Oxides Exports in Turkey

In 2022, the amount of manganese oxideses exported from Turkey dropped markedly to 199 tons, which is down by -17.8% compared with the previous year's figure. In general, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2021 when exports increased by 22% against the previous year.

In value terms, manganese oxides exports soared to $791K in 2022. Overall, exports, however, recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Export of Manganese Oxides in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia18622315554042.7%
Kazakhstan80.613712513619.1%
Kuwait12.510.131.936.142.4%
EgyptN/AN/AN/A22.80%
Uzbekistan5.5N/A0.619.352.0%
Ukraine51.068.995.013.9-35.2%
Syrian Arab RepublicN/AN/AN/A10.80%
United KingdomN/AN/A0.14.44300.0%
Niger61.1N/A44.2N/A-14.9%
Australia15.528.2N/AN/A81.9%
Saudi Arabia17.2N/AN/AN/A0%
OthersN/A13.17.57.6-23.8%
Total42948045979122.6%

Top Export Markets for Manganese Oxides from Turkey in 2022:

  1. Kuwait (75.0 tons)
  2. Russia (66.6 tons)
  3. Kazakhstan (21.6 tons)
  4. Uzbekistan (13.2 tons)
  5. Syrian Arab Republic (8.5 tons)
  6. United Kingdom (6.0 tons)
  7. Egypt (3.9 tons)
  8. Ukraine (2.3 tons)

Source: IndexBox Market Intelligence Platform

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