Brazil: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Brazil

In 2022, the Brazilian ferro-manganese market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Ferro-Manganese Production in Brazil

In value terms, ferro-manganese production reduced slightly to $X in 2022 estimated in export price. In general, production saw a abrupt decrease. The pace of growth was the most pronounced in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

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Ferro-Manganese Exports

Exports from Brazil

In 2022, approx. X tons of ferro-manganese were exported from Brazil; shrinking by X% compared with the previous year's figure. In general, exports recorded a abrupt slump. The growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, ferro-manganese exports skyrocketed to $X in 2022. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. The exports peaked at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

Argentina (X tons) was the main destination for ferro-manganese exports from Brazil, with a X% share of total exports. It was followed by the United States (X tons), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Argentina stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

In value terms, Argentina ($X) remains the key foreign market for ferro-manganese exports from Brazil, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to Argentina amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Chile (X% per year).

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price enjoyed strong growth. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Argentina ($X per ton), while the average price for exports to the United States ($X 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 Argentina (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Brazil

In 2022, ferro-manganese imports into Brazil rose remarkably to X tons, surging by X% against the year before. In general, imports posted a temperate increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, ferro-manganese imports surged to $X in 2022. Over the period under review, imports saw a resilient increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of ferro-manganese to Brazil, with a X% share of total imports. Moreover, ferro-manganese imports from India exceeded the figures recorded by the second-largest supplier, Norway (X tons), twofold. The third position in this ranking was held by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from India stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and South Korea (X% per year).

In value terms, the largest ferro-manganese suppliers to Brazil were India ($X), Norway ($X) and South Korea ($X), with a combined X% share of total imports.

India, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average ferro-manganese import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price continues to indicate a prominent expansion. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in years to come.

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 France ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform