SADC: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in SADC

The SADC ferro-manganese market was finally on the rise to reach $X in 2023, after five years of decline. In general, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $X in 2017; however, from 2018 to 2023, consumption remained at a lower figure.

Ferro-Manganese Production in SADC

In value terms, ferro-manganese production rose remarkably to $X in 2023 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of X%. The level of production peaked at $X in 2014; however, from 2015 to 2023, production failed to regain momentum.

Ferro-Manganese Exports

Exports in SADC

In 2023, ferro-manganese exports in SADC fell significantly to X tons, dropping by X% on the previous year. Over the period under review, exports faced a abrupt slump. The pace of growth was the most pronounced in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, ferro-manganese exports declined sharply to $X in 2023. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

South Africa was the largest exporting country with an export of about X tons, which reached X% of total exports. It was distantly followed by Zambia (X tons), committing a X% share of total exports.

Exports from South Africa decreased at an average annual rate of X% from 2012 to 2023. At the same time, Zambia (X%) displayed positive paces of growth. Moreover, Zambia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2023. While the share of Zambia (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of South Africa (X p.p.) displayed negative dynamics.

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

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

Export Prices by Country

In 2023, the export price in SADC amounted to $X per ton, falling by X% against the previous year. Export price indicated a measured increase 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 pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2022, and then reduced sharply in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was South Africa ($X per ton), while Zambia totaled $X per ton.

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

Ferro-Manganese Imports

Imports in SADC

In 2023, purchases abroad of ferro-manganese decreased by X% to X tons, falling for the second consecutive year after three years of growth. In general, imports, however, enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports remained at a lower figure.

In value terms, ferro-manganese imports shrank sharply to $X in 2023. Over the period under review, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, South Africa (X tons) was the key importer of ferro-manganese, making up X% of total imports. Mauritius (X tons) took the second position in the ranking, distantly followed by Democratic Republic of the Congo (X tons) and Zimbabwe (X tons). All these countries together held approx. X% share of total imports. The following importers - Botswana (X tons), Angola (X tons) and Mozambique (X tons) - together made up X% of total imports.

From 2012 to 2023, average annual rates of growth with regard to ferro-manganese imports into South Africa stood at X%. At the same time, Mauritius (X%), Botswana (X%) and Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of X% from 2012-2023. By contrast, Angola (X%), Mozambique (X%) and Zimbabwe (X%) illustrated a downward trend over the same period. Mauritius (X p.p.), South Africa (X p.p.) and Botswana (X p.p.) significantly strengthened its position in terms of the total imports, while Angola, Mozambique and Zimbabwe saw its share reduced by X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In South Africa, ferro-manganese imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Mozambique (X% per year) and Mauritius (X% per year).

Import Prices by Country

In 2023, the import price in SADC amounted to $X per ton, dropping by X% against the previous year. In general, the import price saw a mild descent. The growth pace was the most rapid in 2021 an increase of X%. The level of import peaked at $X per ton in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform