MERCOSUR: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in MERCOSUR

In 2023, the MERCOSUR ferro-manganese market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2022, and then shrank sharply in the following year.

Ferro-Manganese Production in MERCOSUR

In value terms, ferro-manganese production fell to $X in 2023 estimated in export price. Overall, production continues to indicate a deep reduction. The growth pace was the most rapid in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Ferro-Manganese Exports

Exports in MERCOSUR

In 2023, ferro-manganese exports in MERCOSUR skyrocketed to X tons, rising by X% on the previous year's figure. In general, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2016 with an increase of X%. The volume of export peaked at X tons in 2017; however, from 2018 to 2023, the exports remained at a lower figure.

In value terms, ferro-manganese exports shrank remarkably to $X in 2023. Overall, exports, however, recorded a abrupt decline. The pace of growth appeared the most rapid in 2016 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Brazil prevails in exports structure, recording X tons, which was near X% of total exports in 2023. It was distantly followed by Chile (X tons), making up an X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2023. Chile (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Chile increased by X percentage points.

In value terms, Brazil ($X) remains the largest ferro-manganese supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Chile ($X), with an X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Brazil amounted to X%.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the export price, however, showed a modest expansion. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then dropped notably in the following year.

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

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

Ferro-Manganese Imports

Imports in MERCOSUR

In 2023, after two years of growth, there was significant decline in overseas purchases of ferro-manganese, when their volume decreased by X% to X tons. Over the period under review, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2021 with an increase of X%. The volume of import peaked at X tons in 2022, and then dropped notably in the following year.

In value terms, ferro-manganese imports shrank notably to $X in 2023. In general, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2022, and then contracted markedly in the following year.

Imports by Country

Brazil was the main importing country with an import of about X tons, which reached X% of total imports. Argentina (X tons) ranks second in terms of the total imports with a X% share, followed by Chile (X%). Peru (X tons) took a relatively small share of total imports.

Imports into Brazil decreased at an average annual rate of X% from 2012 to 2023. Argentina experienced a relatively flat trend pattern. Peru (X%) and Chile (X%) illustrated a downward trend over the same period. While the share of Argentina (X p.p.) and Brazil (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Chile (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) constitutes the largest market for imported ferro-manganese in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Chile, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Brazil was relatively modest. The remaining importing countries recorded the following average annual rates of imports growth: Argentina (X% per year) and Chile (X% per year).

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, dropping by X% against the previous year. Import price indicated a noticeable expansion from 2012 to 2023: its price 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 growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2022, and then plummeted in the following year.

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

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

Source: IndexBox Platform