Latin America and the Caribbean: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Latin America and the Caribbean

The Latin American ferro-silico-manganese market rose notably to $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Ferro-Silico-Manganese Production in Latin America and the Caribbean

In value terms, ferro-silico-manganese production rose markedly to $X in 2023 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Ferro-Silico-Manganese Exports

Exports in Latin America and the Caribbean

In 2023, the amount of ferro-silico-manganese exported in Latin America and the Caribbean shrank remarkably to X tons, waning by X% compared with 2022 figures. Over the period under review, exports continue to indicate a deep slump. The most prominent rate of growth was recorded in 2016 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 remained at a lower figure.

In value terms, ferro-silico-manganese exports dropped remarkably to $X in 2023. Overall, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2022, and then declined significantly in the following year.

Exports by Country

In 2023, Brazil (X tons) was the main exporter of ferro-silico-manganese, achieving X% of total exports. Mexico (X tons) held the second position in the ranking, followed by Venezuela (X tons). All these countries together took approx. X% share of total exports.

Brazil was also the fastest-growing in terms of the ferro-silico-manganese exports, with a CAGR of X% from 2012 to 2023. Venezuela (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Brazil increased by X percentage points.

In value terms, Brazil ($X) emerged as the largest ferro-silico-manganese supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Venezuela (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, reducing by X% against the previous year. In general, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2022, and then contracted notably in the following year.

Average prices varied somewhat amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Venezuela ($X per ton), while Brazil ($X per ton) was amongst the lowest.

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

Ferro-Silico-Manganese Imports

Imports in Latin America and the Caribbean

In 2023, approx. X tons of ferro-silico-manganese were imported in Latin America and the Caribbean; picking up by X% on 2022 figures. Total imports indicated slight growth from 2012 to 2023: its volume 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, ferro-silico-manganese imports dropped to $X in 2023. In general, imports recorded a slight expansion. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Argentina represented the main importing country with an import of about X tons, which finished at X% of total imports. Peru (X tons) held the second position in the ranking, followed by Colombia (X tons), Brazil (X tons), Ecuador (X tons) and Chile (X tons). All these countries together held approx. X% share of total imports. Turks and Caicos Islands (X tons) followed a long way behind the leaders.

Imports into Argentina increased at an average annual rate of X% from 2012 to 2023. At the same time, Turks and Caicos Islands (X%), Brazil (X%) and Ecuador (X%) displayed positive paces of growth. Moreover, Turks and Caicos Islands emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Peru, Chile and Colombia experienced a relatively flat trend pattern. While the share of Brazil (X p.p.) and Turks and Caicos Islands (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Colombia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ferro-silico-manganese importing markets in Latin America and the Caribbean were Argentina ($X), Peru ($X) and Colombia ($X), with a combined X% share of total imports. Brazil, Ecuador, Chile and Turks and Caicos Islands lagged somewhat behind, together comprising a further X%.

Turks and Caicos Islands, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell rapidly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Turks and Caicos Islands ($X per ton) and Peru ($X per ton), while Brazil ($X per ton) and Ecuador ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform