Southern Asia: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Southern Asia

In 2023, the South Asian ferro-silico-manganese market was finally on the rise to reach $X after three years of decline. Overall, consumption recorded pronounced growth. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Ferro-Silico-Manganese Production in Southern Asia

In value terms, ferro-silico-manganese production rose remarkably to $X in 2023 estimated in export price. The total production indicated a measured increase from 2012 to 2023: its value 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, production decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Ferro-Silico-Manganese Exports

Exports in Southern Asia

After two years of growth, overseas shipments of ferro-silico-manganese decreased by X% to X tons in 2023. Total exports indicated a modest increase from 2012 to 2023: its volume 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2022, and then shrank in the following year.

In value terms, ferro-silico-manganese exports plummeted to $X in 2023. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2022, and then contracted dramatically in the following year.

Exports by Country

The shipments of the one major exporters of ferro-silico-manganese, namely India, represented more than two-thirds of total export.

India was also the fastest-growing in terms of the ferro-silico-manganese exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest ferro-silico-manganese supplier in Southern Asia.

In India, ferro-silico-manganese exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Southern Asia amounted to $X per ton, declining by X% against the previous year. In general, the export price saw a slight decline. The growth pace was the most rapid in 2021 when the export price increased by X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank significantly in the following year.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2023, the rate of growth in terms of prices for India amounted to X% per year.

Ferro-Silico-Manganese Imports

Imports in Southern Asia

After three years of growth, purchases abroad of ferro-silico-manganese decreased by X% to X tons in 2023. In general, imports, however, enjoyed a strong expansion. 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 2022, and then fell in the following year.

In value terms, ferro-silico-manganese imports dropped sharply to $X in 2023. Over the period under review, imports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2021 when imports increased by X%. The level of import peaked at $X in 2022, and then contracted remarkably in the following year.

Imports by Country

In 2023, Bangladesh (X tons), distantly followed by India (X tons), Pakistan (X tons) and Nepal (X tons) represented the largest importers of ferro-silico-manganese, together constituting X% of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Bangladesh (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Bangladesh ($X) constitutes the largest market for imported ferro-silico-manganese in Southern Asia, comprising X% of total imports. The second position in the ranking was taken by Pakistan ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Bangladesh totaled X%. In the other countries, the average annual rates were as follows: Pakistan (X% per year) and India (X% per year).

Import Prices by Country

The import price in Southern Asia stood at $X per ton in 2023, falling by X% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the import prices remained at a somewhat lower figure.

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

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

Source: IndexBox Platform