Vietnam: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Vietnam

In 2023, after two years of growth, there was decline in the Vietnamese manganese ore and concentrate market, when its value decreased by X% to $X. Overall, consumption enjoyed a remarkable increase. Manganese ore and concentrate consumption peaked at $X in 2022, and then contracted slightly in the following year.

Production of Manganese Ores and Concentrates in Vietnam

In value terms, manganese ore and concentrate production reached $X in 2023 estimated in export price. Over the period under review, production enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Manganese ore and concentrate production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

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Exports of Manganese Ores and Concentrates

Exports from Vietnam

In 2023, approx. X tons of manganese ores and concentrates were exported from Vietnam; which is down by X% against the year before. Overall, exports continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, manganese ore and concentrate exports rose modestly to $X in 2023. In general, exports, however, recorded slight growth. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2023, the growth of the exports failed to regain momentum.

Exports by Country

Japan (X tons) and China (X tons) were the main destinations of manganese ore and concentrate exports from Vietnam.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of X%).

In value terms, Japan ($X) remains the key foreign market for manganese ores and concentrates exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to Japan totaled X%.

Export Prices by Country

In 2023, the average manganese ore and concentrate export price amounted to $X per ton, with an increase of X% against the previous year. Overall, the export price posted a significant expansion. The pace of growth appeared the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major export markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to China amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%).

Imports of Manganese Ores and Concentrates

Imports into Vietnam

In 2023, manganese ore and concentrate imports into Vietnam was estimated at X tons, with an increase of X% compared with the previous year. In general, imports showed a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X%. As a result, imports attained the peak of X tons. From 2022 to 2023, the growth of imports failed to regain momentum.

In value terms, manganese ore and concentrate imports reduced to $X in 2023. Over the period under review, imports showed a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports hit record highs at $X in 2022, and then dropped in the following year.

Imports by Country

In 2023, Australia (X tons) constituted the largest manganese ore and concentrate supplier to Vietnam, with a X% share of total imports. Moreover, manganese ore and concentrate imports from Australia exceeded the figures recorded by the second-largest supplier, Brazil (X tons), fivefold. South Africa (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and South Africa (X% per year).

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

From 2012 to 2023, the average annual growth rate of value from Australia amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2023, dropping by X% against the previous year. Over the period under review, the import price saw a noticeable descent. The pace of growth appeared the most rapid in 2017 an increase of X%. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Brazil ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 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 a decline.

Source: IndexBox Platform