Price for Manganese Oxides; Excluding Manganese Dioxide in the United States - 2023

Contents:

1. Price for Manganese Oxides; Excluding Manganese Dioxide in the United States (CIF) - 2022
2. Price for Manganese Oxides; Excluding Manganese Dioxide in the United States (FOB) - 2023
3. Imports of Manganese Oxides; Excluding Manganese Dioxide in the United States
4. Exports of Manganese Oxides; Excluding Manganese Dioxide in the United States

Price for Manganese Oxides; Excluding Manganese Dioxide in the United States (CIF) - 2022

In 2022, the average import price for manganese oxides; excluding manganese dioxides amounted to $627 per ton, approximately equating the previous year. In general, the import price showed a pronounced decline. The growth pace was the most rapid in 2017 an increase of 6.9% against the previous year. The import price peaked at $1,037 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($939 per ton), while the price for South Africa ($495 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+1.0%), while the prices for the other major suppliers experienced a decline.

Price for Manganese Oxides; Excluding Manganese Dioxide in the United States (FOB) - 2023

The average export price for manganese oxides; excluding manganese dioxides stood at $2,682 per ton in August 2023, picking up by 27% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.6%. The most prominent rate of growth was recorded in December 2022 an increase of 33% month-to-month. The export price peaked in August 2023.

There were significant differences in the average prices for the major export markets. In August 2023, the country with the highest price was Vietnam ($13,849 per ton), while the average price for exports to Canada ($1,153 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+899.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganese Oxides; Excluding Manganese Dioxide in the United States

After three years of growth, overseas purchases of manganese oxides; excluding manganese dioxides decreased by -11.8% to 21K tons in 2022. The total import volume increased at an average annual rate of +7.7% over the period 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 31% against the previous year. As a result, imports attained the peak of 24K tons, and then contracted in the following year.

In value terms, manganese oxides; excluding manganese dioxide imports reduced to $13M in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of $15M, and then reduced in the following year.

Top Suppliers of Manganese Oxides; Excluding Manganese Dioxide to the United States in 2022:

1. South Africa (7.9K tons)
2. South Korea (3.2K tons)
3. Mexico (2.9K tons)
4. India (1.6K tons)
5. Norway (1.5K tons)
6. Gabon (1.2K tons)
7. Zambia (1.1K tons)
8. Brazil (0.2K tons)

Exports of Manganese Oxides; Excluding Manganese Dioxide in the United States

In 2022, shipments abroad of manganese oxides; excluding manganese dioxides decreased by -0.1% to 6K tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +3.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 when exports increased by 7.4% against the previous year.

In value terms, manganese oxides; excluding manganese dioxide exports contracted slightly to $11M in 2022. The total export value increased at an average annual rate of +3.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year. As a result, the exports attained the peak of $12M, and then shrank slightly in the following year.

Top Export Markets for Manganese Oxides; Excluding Manganese Dioxide from the United States in 2022:

1. Canada (1409.5 tons)
2. Poland (834.2 tons)
3. Mexico (587.5 tons)
4. South Korea (538.1 tons)
5. Malaysia (456.4 tons)
6. Taiwan (Chinese) (442.2 tons)
7. Belgium (440.6 tons)
8. Netherlands (253.7 tons)
9. Norway (151.1 tons)
10. United Kingdom (124.7 tons)
11. Germany (116.1 tons)
12. China (113.7 tons)
13. France (106.1 tons)

Source: IndexBox Market Intelligence Platform