MENA: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in MENA

For the third year in a row, the MENA's ferro-silico-manganese market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption, however, recorded a resilient increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Ferro-Silico-Manganese Production in MENA

In value terms, ferro-silico-manganese production skyrocketed to $X in 2022 estimated in export price. Overall, production, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production attained the peak level of $X. From 2018 to 2022, production growth remained at a somewhat lower figure.

Ferro-Silico-Manganese Exports

Exports in MENA

In 2022, after two years of growth, there was significant decline in overseas shipments of ferro-silico-manganese, when their volume decreased by X% to X tons. Overall, exports, however, saw a strong expansion. The growth pace was the most rapid in 2017 when exports increased by X%. The volume of export peaked at X tons in 2021, and then declined sharply in the following year.

In value terms, ferro-silico-manganese exports reduced notably to $X in 2022. Over the period under review, exports, however, saw prominent growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2021, and then fell significantly in the following year.

Exports by Country

Saudi Arabia was the major exporter of ferro-silico-manganese in MENA, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. Oman (X tons) took an X% share (based on physical terms) of total exports, which put it in second place, followed by Turkey (X%). The United Arab Emirates (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ferro-silico-manganese exports from Saudi Arabia stood at X%. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. By contrast, the United Arab Emirates (X%) illustrated a downward trend over the same period. Oman (X p.p.), Saudi Arabia (X p.p.) and Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Saudi Arabia ($X) remains the largest ferro-silico-manganese supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Saudi Arabia amounted to X%. In the other countries, the average annual rates were as follows: Turkey (X% per year) and Oman (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2022, 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.

Ferro-Silico-Manganese Imports

Imports in MENA

In 2022, purchases abroad of ferro-silico-manganese decreased by X% to X tons for the first time since 2019, thus ending a two-year rising trend. Total imports indicated a strong increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, ferro-silico-manganese imports expanded slightly to $X in 2022. Over the period under review, imports, however, enjoyed strong growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Turkey was the main importer of ferro-silico-manganese in MENA, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2022. Egypt (X tons) took the second position in the ranking, followed by Iran (X tons), the United Arab Emirates (X tons) and Algeria (X tons). All these countries together held near X% share of total imports. Oman (X tons), Saudi Arabia (X tons), Qatar (X tons), Bahrain (X tons) and Iraq (X tons) took a minor share of total imports.

Turkey experienced a relatively flat trend pattern with regard to volume of imports of ferro-silico-manganese. At the same time, Bahrain (X%), Iraq (X%), Iran (X%), Algeria (X%), Oman (X%), the United Arab Emirates (X%), Egypt (X%) and Saudi Arabia (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. By contrast, Qatar (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Iran, Algeria, the United Arab Emirates, Egypt, Oman, Bahrain and Iraq increased by X, X, X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported ferro-silico-manganese in MENA, comprising X% of total imports. The second position in the ranking was held by Egypt ($X), with an X% share of total imports. It was followed by Iran, with a X% share.

In Turkey, ferro-silico-manganese imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Egypt (X% per year) and Iran (X% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2022, with an increase of X% against the previous year. Import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, ferro-silico-manganese import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 an increase of X%. The level of import peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Egypt ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Qatar (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform