Czech Republic: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in the Czech Republic

In 2023, the Czech ferro-manganese market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a perceptible slump. Ferro-manganese consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Ferro-Manganese Exports

Exports from the Czech Republic

In 2023, after three years of growth, there was significant decline in shipments abroad of ferro-manganese, when their volume decreased by X% to X tons. In general, exports continue to indicate a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, ferro-manganese exports dropped dramatically to $X in 2023. Overall, exports saw a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then fell remarkably in the following year.

Exports by Country

Slovakia (X tons) was the main destination for ferro-manganese exports from the Czech Republic, accounting for a X% share of total exports. Moreover, ferro-manganese exports to Slovakia exceeded the volume sent to the second major destination, Poland (X tons), twofold. Croatia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to Slovakia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (X% per year) and Croatia (X% per year).

In value terms, Slovakia ($X) remains the key foreign market for ferro-manganese exports from the Czech Republic, comprising X% of total exports. The second position in the ranking was held by Poland ($X), with a X% share of total exports. It was followed by Croatia, with a X% share.

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

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2023, amid the top suppliers, the countries with the highest prices were France ($X per ton) and Germany ($X per ton), while the average price for exports to Poland ($X per ton) and Slovakia ($X per ton) were amongst the lowest.

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

Ferro-Manganese Imports

Imports into the Czech Republic

For the third consecutive year, the Czech Republic recorded decline in overseas purchases of ferro-manganese, which decreased by X% to X tons in 2023. Over the period under review, imports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of X tons. From 2017 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, ferro-manganese imports dropped notably to $X in 2023. In general, imports saw a noticeable curtailment. The pace of growth was the most pronounced in 2017 when imports increased by X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Slovakia (X tons), Poland (X tons) and Germany (X tons) were the main suppliers of ferro-manganese imports to the Czech Republic, together accounting for X% of total imports. Italy, France, Sweden and the Netherlands lagged somewhat behind, together accounting for a further X%.

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

In value terms, Poland ($X), Slovakia ($X) and Germany ($X) constituted the largest ferro-manganese suppliers to the Czech Republic, together comprising X% of total imports. Sweden, Italy, France and the Netherlands lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Sweden, with a CAGR of X%, recorded the highest growth rate of 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 2023, the average ferro-manganese import price amounted to $X per ton, which is down by X% against the previous year. In general, import price indicated slight 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure at $X per ton in 2022, and then contracted significantly in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the countries with the highest prices were Poland ($X per ton) and Sweden ($X per ton), while the price for Slovakia ($X per ton) and the Netherlands ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform