Asia: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Asia

In 2023, after two years of growth, there was significant decline in the Asian manganese ore and concentrate market, when its value decreased by X% to $X. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Manganese Ores and Concentrates in Asia

In value terms, manganese ore and concentrate production expanded notably to $X in 2023 estimated in export price. Overall, production continues to indicate a slight curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Asia

In 2023, shipments abroad of manganese ores and concentrates decreased by X% to X tons, falling for the fourth year in a row after two years of growth. In general, exports saw a perceptible decrease. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the exports failed to regain momentum.

In value terms, manganese ore and concentrate exports contracted markedly to $X in 2023. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the major exporter of manganese ores and concentrates in Asia, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2023. Malaysia (X tons) took the second position in the ranking, distantly followed by China (X tons), Kazakhstan (X tons) and Hong Kong SAR (X tons). All these countries together took approx. X% share of total exports. Turkey (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest manganese ore and concentrate supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by Malaysia, with a X% share.

In the United Arab Emirates, manganese ore and concentrate exports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: China (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, increasing by X% against the previous year. Export price indicated notable growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, manganese ore and concentrate export price increased by X% against 2019 indices. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs in 2023 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Imports of Manganese Ores and Concentrates

Imports in Asia

Manganese ore and concentrate imports totaled X tons in 2023, approximately reflecting 2022 figures. Over the period under review, imports recorded a resilient expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports dropped notably to $X in 2023. Overall, imports showed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

China represented the main importing country with an import of about X tons, which accounted for X% of total imports. It was distantly followed by India (X tons), comprising a X% share of total imports. South Korea (X tons) and Japan (X tons) took a relatively small share of total imports.

China was also the fastest-growing in terms of the manganese ores and concentrates imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported manganese ores and concentrates in Asia, comprising X% of total imports. The second position in the ranking was held by India ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China stood at X%. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the import price continues to indicate a slight descent. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform