Brazil: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Brazil

In 2023, after three years of growth, there was significant decline in the Brazilian manganese ore and concentrate market, when its value decreased by X% to $X. Over the period under review, consumption, however, continues to indicate a modest increase. As a result, consumption reached the peak level of $X, and then contracted dramatically in the following year.

Production of Manganese Ores and Concentrates in Brazil

In value terms, manganese ore and concentrate production reduced slightly to $X in 2023 estimated in export price. Overall, production recorded a mild setback. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Exports of Manganese Ores and Concentrates

Exports from Brazil

In 2023, shipments abroad of manganese ores and concentrates increased by X% to X tons for the first time since 2019, thus ending a three-year declining trend. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, manganese ore and concentrate exports totaled $X in 2023. Over the period under review, exports, however, saw a perceptible slump. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for manganese ore and concentrate exports from Brazil, accounting for a X% share of total exports. Moreover, manganese ore and concentrate exports to China exceeded the volume sent to the second major destination, Uruguay (X tons), eightfold. The third position in this ranking was held by Latvia (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Uruguay (X% per year) and Latvia (X% per year).

In value terms, China ($X) remains the key foreign market for manganese ores and concentrates exports from Brazil, comprising X% of total exports. The second position in the ranking was held by Latvia ($X), with an X% share of total exports. It was followed by Uruguay, with an X% share.

From 2012 to 2023, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Latvia (X% per year) and Uruguay (X% per year).

Export Prices by Country

The average manganese ore and concentrate export price stood at $X per ton in 2023, dropping by X% against the previous year. In general, the export price continues to indicate a perceptible decline. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2018; however, from 2019 to 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was Latvia ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Manganese Ores and Concentrates

Imports into Brazil

In 2023, approx. X tons of manganese ores and concentrates were imported into Brazil; which is down by X% against 2022. Overall, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Imports peaked at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, manganese ore and concentrate imports contracted dramatically to $X in 2023. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports remained at a lower figure.

Imports by Country

Bolivia (X tons), Mexico (X tons) and China (X tons) were the main suppliers of manganese ore and concentrate imports to Brazil, together accounting for X% of total imports. The United States and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), China ($X) and the United States ($X) appeared to be the largest manganese ore and concentrate suppliers to Brazil, together comprising X% of total imports. Bolivia and the Netherlands lagged somewhat behind, together accounting for a further X%.

Among the main suppliers, the Netherlands, with a CAGR of X.2%, 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

The average manganese ore and concentrate import price stood at $X per ton in 2023, surging by X% against the previous year. In general, the import price posted a strong increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Bolivia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform