Singapore: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Singapore

The Singaporean manganese ore and concentrate market shrank to $X in 2023, reducing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient increase. Manganese ore and concentrate consumption peaked at $X in 2018; however, from 2019 to 2023, consumption remained at a lower figure.

Production of Manganese Ores and Concentrates in Singapore

In value terms, manganese ore and concentrate production amounted to $X in 2023 estimated in export price. Overall, production, however, showed a sharp setback. The pace of growth appeared the most rapid in 2020 when the production volume decreased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2019; afterwards, it flattened through to 2023.

Exports of Manganese Ores and Concentrates

Exports from Singapore

In 2023, the amount of manganese ores and concentrates exported from Singapore shrank dramatically to X tons, waning by X% against 2022 figures. In general, exports saw a dramatic contraction. The pace of growth appeared the most rapid in 2022 when exports increased by X% against the previous year. The exports peaked at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports contracted rapidly to $X in 2023. Overall, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2022 with an increase of X%. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports failed to regain momentum.

Exports by Country

Poland (X tons), Indonesia (X tons) and India (X tons) were the main destinations of manganese ore and concentrate exports from Singapore, with a combined X% share of total exports. Egypt, South Africa and Kenya lagged somewhat behind, together comprising a further X%.

From 2014 to 2023, the biggest increases were recorded for South Africa (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for manganese ore and concentrate exported from Singapore were Poland ($X), Indonesia ($X) and India ($X), with a combined X% share of total exports. Egypt, South Africa and Kenya lagged somewhat behind, together accounting for a further X%.

South Africa, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2023, the average manganese ore and concentrate export price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, the export price saw a noticeable descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per ton in 2014; however, from 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Africa ($X per ton), while the average price for exports to Egypt ($X per ton) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Africa (X%), while the prices for the other major destinations experienced a decline.

Imports of Manganese Ores and Concentrates

Imports into Singapore

Manganese ore and concentrate imports into Singapore dropped notably to X tons in 2023, with a decrease of X% against 2022. Overall, imports saw a significant contraction. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports failed to regain momentum.

In value terms, manganese ore and concentrate imports reduced notably to $X in 2023. In general, imports saw a significant decline. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Imports peaked at $X in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, South Africa (X tons) constituted the largest manganese ore and concentrate supplier to Singapore, with a X% share of total imports. Moreover, manganese ore and concentrate imports from South Africa exceeded the figures recorded by the second-largest supplier, Namibia (X tons), fivefold. The third position in this ranking was taken by Gabon (X kg), with a X% share.

From 2014 to 2023, the average annual rate of growth in terms of volume from South Africa stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Gabon (X% per year).

In value terms, South Africa ($X) constituted the largest supplier of manganese ores and concentrates to Singapore, comprising X% of total imports. The second position in the ranking was taken by Namibia ($X), with a X% share of total imports. It was followed by Gabon, with a X% share.

From 2014 to 2023, the average annual rate of growth in terms of value from South Africa amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Namibia (X% per year) and Gabon (X% per year).

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2023, remaining relatively unchanged against the previous year. In general, the import price posted a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The import price peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Gabon ($X per ton), while the price for Namibia ($X per ton) was amongst the lowest.

From 2014 to 2023, the most notable rate of growth in terms of prices was attained by Gabon (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform