Asia: Ferro-Manganese Market 2022

Ferro-Manganese Market Size in Asia

The Asian ferro-manganese market expanded slightly to $X in 2021, with an increase of 3.5% against the previous year. Overall, consumption saw a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ferro-Manganese Production in Asia

In value terms, ferro-manganese production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, saw a mild reduction. The growth pace was the most rapid in 2017 when the production volume increased by 36%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Ferro-Manganese Exports

Exports in Asia

After two years of decline, overseas shipments of ferro-manganese increased by 99% to X tons in 2021. In general, exports posted a strong expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ferro-manganese exports surged to $X in 2021. Overall, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

India represented the main exporter of ferro-manganese in Asia, with the volume of exports recording X tons, which was near 64% of total exports in 2021. Malaysia (X tons) held the second position in the ranking, followed by South Korea (X tons). All these countries together took near 30% share of total exports. The following exporters - China (X tons) and Japan (X tons) - each resulted at a 3.7% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to ferro-manganese exports from India stood at +18.7%. At the same time, Malaysia (+96.3%) and Japan (+22.9%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +96.3% from 2012-2021. China experienced a relatively flat trend pattern. By contrast, South Korea (-7.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Malaysia increased by +34 and +17 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) emerged as the largest ferro-manganese supplier in Asia, comprising 62% of total exports. The second position in the ranking was held by Malaysia ($X), with an 18% share of total exports. It was followed by South Korea, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value in India stood at +21.2%. In the other countries, the average annual rates were as follows: Malaysia (+101.4% per year) and South Korea (-7.3% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 31% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 51% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in years to come.

Average prices varied somewhat amongst the major exporting countries. In 2021, major exporting countries recorded the following prices: in Japan ($X per ton) and China ($X per ton), while India ($X per ton) and South Korea ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+2.6%), while the other leaders experienced more modest paces of growth.

Ferro-Manganese Imports

Imports in Asia

After three years of decline, overseas purchases of ferro-manganese increased by 27% to X tons in 2021. Over the period under review, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, ferro-manganese imports skyrocketed to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 93% against the previous year. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the five major importers of ferro-manganese, namely Turkey, Taiwan (Chinese), the United Arab Emirates, Japan and India, represented more than two-thirds of total import. It was distantly followed by Indonesia (X tons), making up a 5.5% share of total imports. South Korea (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in the United Arab Emirates (with a CAGR of +15.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest ferro-manganese importing markets in Asia were Turkey ($X), the United Arab Emirates ($X) and Taiwan (Chinese) ($X), with a combined 52% share of total imports.

In terms of the main importing countries, the United Arab Emirates, with a CAGR of +15.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, rising by 23% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the import price increased by 58%. Over the period under review, import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was India ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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