MENA: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in MENA

In 2023, after two years of growth, there was significant decline in the MENA's ferro-manganese market, when its value decreased by X% to $X. Over the period under review, consumption, however, showed a resilient increase. Over the period under review, the market attained the maximum level at $X in 2022, and then dropped in the following year.

Ferro-Manganese Production in MENA

In value terms, ferro-manganese production skyrocketed to $X in 2023 estimated in export price. Overall, production saw resilient growth. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Ferro-Manganese Exports

Exports in MENA

In 2023, the amount of ferro-manganese exported in MENA fell to X tons, waning by X% against the year before. In general, exports, however, recorded a strong increase. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

In value terms, ferro-manganese exports dropped to $X in 2023. Overall, exports, however, continue to indicate a strong increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, reaching X tons, which was near X% of total exports in 2023. Oman (X tons) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2023. The United Arab Emirates (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest ferro-manganese supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, ferro-manganese exports expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in MENA stood at $X per ton in 2023, approximately equating the previous year. Export price indicated a noticeable expansion from 2012 to 2023: its price 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, ferro-manganese export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman amounted to $X per ton.

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

Ferro-Manganese Imports

Imports in MENA

After two years of growth, overseas purchases of ferro-manganese decreased by X% to X tons in 2023. In general, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2019; however, from 2020 to 2023, imports stood at a somewhat lower figure.

In value terms, ferro-manganese imports reduced dramatically to $X in 2023. Overall, imports, however, recorded a strong increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank remarkably in the following year.

Imports by Country

In 2023, the United Arab Emirates (X tons), Iran (X tons) and Turkey (X tons) represented the major importer of ferro-manganese in MENA, mixing up X% of total import. It was distantly followed by Egypt (X tons), generating a X% share of total imports. The following importers - Libya (X tons) and Oman (X tons) - each resulted at a X% share of total imports.

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

In value terms, the largest ferro-manganese importing markets in MENA were the United Arab Emirates ($X), Iran ($X) and Turkey ($X), with a combined X% share of total imports. Egypt, Libya and Oman lagged somewhat behind, together accounting for a further X%.

Oman, with a CAGR of X%, saw the highest growth rate of 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

In 2023, the import price in MENA amounted to $X per ton, shrinking by X% against the previous year. Import price indicated mild growth from 2012 to 2023: its price 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. The growth pace was the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2022, and then reduced in the following year.

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 the United Arab Emirates ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform