Eastern Asia: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Eastern Asia

After two years of growth, the East Asian manganese ore and concentrate market decreased by X% to $X in 2023. The total consumption indicated a modest increase from 2012 to 2023: its value 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. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption failed to regain momentum.

Production of Manganese Ores and Concentrates in Eastern Asia

In value terms, manganese ore and concentrate production rose rapidly to $X in 2023 estimated in export price. Overall, production showed a slight downturn. The growth pace was the most rapid in 2021 when the production volume increased by X%. The level of production peaked at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Eastern Asia

In 2023, approx. X tons of manganese ores and concentrates were exported in Eastern Asia; picking up by X% on 2022. Over the period under review, exports posted noticeable growth. The growth pace was the most rapid in 2018 with an increase of X%. The volume of export peaked in 2023 and is likely to see gradual growth in the immediate term.

In value terms, manganese ore and concentrate exports soared to $X in 2023. In general, exports enjoyed a notable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the immediate term.

Exports by Country

The shipments of the two major exporters of manganese ores and concentrates, namely China and Hong Kong SAR, represented more than two-thirds of total export.

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%).

In value terms, China ($X) and Hong Kong SAR ($X) were the countries with the highest levels of exports in 2023.

Hong Kong SAR, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, remaining stable against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2015 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2016; however, from 2017 to 2023, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was China ($X per ton), while Hong Kong SAR totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%).

Imports of Manganese Ores and Concentrates

Imports in Eastern Asia

In 2023, overseas purchases of manganese ores and concentrates increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports showed a remarkable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports fell dramatically to $X in 2023. Over the period under review, imports posted strong growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

Imports by Country

China dominates imports structure, resulting at X tons, which was approx. X% of total imports in 2023. South Korea (X tons) and Japan (X tons) held a little 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. South Korea experienced a relatively flat trend pattern. 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.

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

In China, manganese ore and concentrate 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: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the import price showed a slight shrinkage. The growth pace was the most rapid in 2016 an increase of X%. The level of import peaked at $X per ton in 2018; however, from 2019 to 2023, import prices remained at a lower figure.

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 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