Price for Manganese Oxides; Excluding Manganese Dioxide in Nigeria - 2022
Contents:
- Price for Manganese Oxides; Excluding Manganese Dioxide in Nigeria (CIF) - 2022
- Imports of Manganese Oxides; Excluding Manganese Dioxide in Nigeria
Price for Manganese Oxides; Excluding Manganese Dioxide in Nigeria (CIF) - 2022
The average import price for manganese oxides; excluding manganese dioxides stood at $1,515 per ton in 2022, growing by 1.9% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, manganese oxides; excluding manganese dioxide import price increased by +105.9% against 2017 indices. The pace of growth appeared the most rapid in 2020 when the average import price increased by 39%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in years to come.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($10,127 per ton), while the price for Italy ($460 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Manganese Oxides; Excluding Manganese Dioxide in Nigeria
In 2022, manganese oxides; excluding manganese dioxide imports into Nigeria totaled 1.6K tons, approximately equating the previous year. The total import volume increased at an average annual rate of +4.8% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The pace of growth was the most pronounced in 2020 with an increase of 22%. As a result, imports attained the peak of 1.7K tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, manganese oxides; excluding manganese dioxide imports amounted to $2.4M in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -3.1% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 70%. As a result, imports attained the peak of $2.5M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Manganese Oxides; Excluding Manganese Dioxide in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 864 | 1,647 | 1,429 | 1,713 | 25.6% |
| United Kingdom | 224 | 136 | 12.8 | 177 | -7.5% |
| China | 116 | 198 | 66.2 | 106 | -3.0% |
| Georgia | 50.4 | 67.3 | 20.3 | 60.9 | 6.5% |
| Zambia | N/A | N/A | 308 | N/A | 0% |
| South Africa | N/A | N/A | 138 | N/A | 0% |
| Others | 203 | 423 | 343 | 338 | 18.5% |
| Total | 1,457 | 2,471 | 2,317 | 2,394 | 18.0% |
Top Suppliers of Manganese Oxides; Excluding Manganese Dioxide to Nigeria in 2022:
- India (1347.1 tons)
- Georgia (64.7 tons)
- China (58.9 tons)
- United Kingdom (41.2 tons)
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