Central Asia: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Central Asia

The Central Asian ferro-manganese market contracted to $X in 2023, dropping by X% against the previous year. Over the period under review, consumption, however, posted prominent growth. The level of consumption peaked at $X in 2022, and then reduced in the following year.

Ferro-Manganese Production in Central Asia

In value terms, ferro-manganese production expanded remarkably to $X in 2023 estimated in export price. Overall, production enjoyed perceptible growth. The most prominent rate of growth was recorded in 2013 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2014 to 2023, production growth remained at a lower figure.

Ferro-Manganese Exports

Exports in Central Asia

In 2023, approx. X tons of ferro-manganese were exported in Central Asia; waning by X% on 2022. Over the period under review, exports continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2020 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, ferro-manganese exports dropped rapidly to $X in 2023. Overall, exports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, Kazakhstan (X tons) was the main exporter of ferro-manganese in Central Asia, comprising X% of total export.

Kazakhstan was also the fastest-growing in terms of the ferro-manganese exports, with a CAGR of X% from 2012 to 2023. From 2012 to 2023, the share of Kazakhstan increased by X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Kazakhstan ($X) also remains the largest ferro-manganese supplier in Central Asia.

From 2012 to 2023, the average annual rate of growth in terms of value in Kazakhstan stood at X%.

Export Prices by Country

In 2023, the export price in Central Asia amounted to $X per ton, waning by X% against the previous year. Export price indicated a prominent expansion 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, ferro-manganese export price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2022 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then shrank in the following year.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2023, the rate of growth in terms of prices for Kazakhstan amounted to X% per year.

Ferro-Manganese Imports

Imports in Central Asia

In 2023, supplies from abroad of ferro-manganese decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total imports indicated a tangible expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-manganese imports dropped to $X in 2023. Over the period under review, imports, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2022, and then declined in the following year.

Imports by Country

Uzbekistan (X tons) and Kazakhstan (X tons) prevails in imports structure, together mixing up X% of total imports. It was distantly followed by Mongolia (X tons), comprising a X% share of total imports. Tajikistan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Tajikistan (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Uzbekistan ($X) constitutes the largest market for imported ferro-manganese in Central Asia, comprising X% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total imports. It was followed by Mongolia, with a X% share.

In Uzbekistan, ferro-manganese imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Kazakhstan (X% per year) and Mongolia (X% per year).

Import Prices by Country

The import price in Central Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price, however, posted pronounced growth. The most prominent rate of growth was recorded in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Uzbekistan ($X per ton), while Tajikistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform