Iran: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Iran

The Iranian ferro-manganese market skyrocketed to $X in 2023, increasing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption showed buoyant growth. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a somewhat lower figure.

Ferro-Manganese Exports

Exports from Iran

In 2023, after three years of decline, there was significant growth in shipments abroad of ferro-manganese, when their volume increased by X% to X tons. Over the period under review, exports, however, continue to indicate a abrupt curtailment. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, ferro-manganese exports soared to $X in 2023. In general, exports, however, showed a deep contraction. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

Afghanistan (X tons) was the main destination for ferro-manganese exports from Iran, with a X% share of total exports. Moreover, ferro-manganese exports to Afghanistan exceeded the volume sent to the second major destination, Turkey (X tons), twofold. The third position in this ranking was taken by Armenia (X tons), with a X% share.

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

In value terms, Afghanistan ($X) emerged as the key foreign market for ferro-manganese exports from Iran, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Armenia, with a X% share.

From 2012 to 2023, the average annual growth rate of value to Afghanistan amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (X% per year) and Armenia (X% per year).

Export Prices by Country

In 2023, the average ferro-manganese export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price, however, saw a slight contraction. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. The export price peaked at $X per ton in 2017; however, from 2018 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 Armenia ($X per ton), while the average price for exports to Turkey ($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 Armenia (X%), while the prices for the other major destinations experienced a decline.

Ferro-Manganese Imports

Imports into Iran

Ferro-manganese imports into Iran skyrocketed to X tons in 2023, rising by X% against the previous year's figure. Overall, imports continue to indicate a remarkable increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-manganese imports surged to $X in 2023. Over the period under review, imports posted a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

India (X tons), Germany (X tons) and Oman (X tons) were the main suppliers of ferro-manganese imports to Iran, together comprising X% of total imports. South Korea, China, South Africa, Ukraine and Cyprus lagged somewhat behind, together comprising a further X%.

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

In value terms, the largest ferro-manganese suppliers to Iran were India ($X), Germany ($X) and Oman ($X), together accounting for X% of total imports. South Korea, China, South Africa, Ukraine and Cyprus lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2023, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the average 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 Ukraine ($X per ton), while the price for Cyprus ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform