India: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in India

In 2023, the Indian manganese ore and concentrate market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption enjoyed a perceptible increase. Over the period under review, the market attained the maximum level at $X in 2022, and then reduced in the following year.

Production of Manganese Ores and Concentrates in India

In value terms, manganese ore and concentrate production stood at $X in 2023 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Manganese ore and concentrate production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Exports of Manganese Ores and Concentrates

Exports from India

In 2023, after two years of decline, there was significant growth in overseas shipments of manganese ores and concentrates, when their volume increased by X% to X tons. Over the period under review, exports, however, faced a precipitous shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2020; however, from 2021 to 2023, the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports soared to $X in 2023. In general, exports, however, showed a dramatic decline. The most prominent rate of growth was recorded in 2018 with an increase of X%. The exports peaked at $X in 2020; however, from 2021 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for manganese ore and concentrate exports from India, 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, the United Arab Emirates (X tons), threefold.

From 2012 to 2023, the average annual rate of growth in terms of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Indonesia (X% per year).

In value terms, China ($X), the United Arab Emirates ($X) and Indonesia ($X) appeared to be the largest markets for manganese ore and concentrate exported from India worldwide, with a combined X% share of total exports.

Among the main countries of destination, the United Arab Emirates, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average manganese ore and concentrate export price stood at $X per ton in 2023, increasing by X% against the previous year. Over the period under review, the export price showed a temperate increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Indonesia ($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 the United Arab Emirates (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Manganese Ores and Concentrates

Imports into India

In 2023, the amount of manganese ores and concentrates imported into India totaled X tons, surging by X% compared with the previous year's figure. Over the period under review, imports continue to indicate prominent growth. The growth pace was the most rapid in 2017 when imports increased by X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports failed to regain momentum.

In value terms, manganese ore and concentrate imports declined significantly to $X in 2023. Overall, imports recorded buoyant growth. The growth pace was the most rapid in 2017 with an increase of X%. Imports peaked at $X in 2022, and then dropped rapidly in the following year.

Imports by Country

In 2023, South Africa (X tons) constituted the largest supplier of manganese ore and concentrate to India, accounting for a X% share of total imports. Moreover, manganese ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Gabon (X tons), twofold. The United Arab Emirates (X tons) ranked third in terms of total imports with an X% share.

From 2012 to 2023, the average annual growth rate of volume from South Africa totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Gabon (X% per year) and the United Arab Emirates (X% per year).

In value terms, South Africa ($X), Gabon ($X) and Australia ($X) appeared to be the largest manganese ore and concentrate suppliers to India, with a combined X% share of total imports. Singapore, the United Arab Emirates, France, Brazil and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, the United Arab Emirates, with a CAGR of X%, 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, dropping by X% against the previous year. Overall, the import price recorded a mild contraction. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices reached the maximum 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 supplying countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while the price for Cote d'Ivoire ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform