Overview of the Global Market for Manganese Ores and Concentrates

Market Size for Manganese Ores and Concentrates

In 2023, after two years of growth, there was significant decline in the global manganese ore and concentrate market, when its value decreased by X% to $X. Over the period under review, the total consumption indicated a mild 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. Over the period under review, the global market reached the peak level at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Manganese Ores and Concentrates

In value terms, manganese ore and concentrate production rose modestly to $X in 2023 estimated in export price. Overall, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Global production peaked at $X in 2018; however, from 2019 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports

In 2023, global manganese ore and concentrate exports was estimated at X tons, approximately equating the previous year's figure. Over the period under review, total exports indicated a notable increase from 2012 to 2023: its volume 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. Based on 2023 figures, exports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of X%. As a result, the exports attained the peak of X tons. From 2020 to 2023, the growth of the global exports remained at a lower figure.

In value terms, manganese ore and concentrate exports dropped to $X in 2023. In general, total exports indicated notable growth 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, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2017 when exports increased by X%. The global exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, South Africa (X tons) was the main exporter of manganese ores and concentrates, achieving X% of total exports. It was distantly followed by Gabon (X tons), constituting a X% share of total exports. Brazil (X tons), Cote d'Ivoire (X tons) and the United Arab Emirates (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to manganese ore and concentrate exports from South Africa stood at X%. At the same time, the United Arab Emirates (X%), Cote d'Ivoire (X%) and Gabon (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2023. Brazil experienced a relatively flat trend pattern. While the share of South Africa (X p.p.), Gabon (X p.p.), Cote d'Ivoire (X p.p.) and the United Arab Emirates (X p.p.) increased significantly in terms of the global exports from 2012-2023, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, South Africa ($X), Gabon ($X) and Brazil ($X) were the countries with the highest levels of exports in 2023, with a combined X% share of global exports. The United Arab Emirates and Cote d'Ivoire lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average manganese ore and concentrate export price amounted to $X per ton, declining by X% against the previous year. Over the period under review, the export price saw a mild decrease. The growth pace was the most rapid in 2017 an increase of X%. The global export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Gabon ($X per ton), while Cote d'Ivoire ($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 other global leaders experienced a decline in the export price figures.

Imports of Manganese Ores and Concentrates

Imports

In 2023, approx. X tons of manganese ores and concentrates were imported worldwide; approximately mirroring the previous year. In general, imports, however, posted a prominent increase. The growth pace was the most rapid in 2017 when imports increased by X% against the previous year. Global imports peaked at X tons in 2019; however, from 2020 to 2023, imports remained at a lower figure.

In value terms, manganese ore and concentrate imports dropped significantly to $X in 2023. Overall, imports, however, continue to indicate notable growth. The pace of growth was the most pronounced in 2017 when imports increased by X%. Over the period under review, global imports attained the maximum at $X in 2019; however, from 2020 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, China (X tons) was the major importer of manganese ores and concentrates, generating X% of total imports. It was distantly followed by India (X tons), making up a X% share of total imports. South Korea (X tons), Norway (X tons) and Japan (X tons) held a relatively small share of total imports.

China was also the fastest-growing in terms of the manganese ores and concentrates imports, with a CAGR of X% from 2012 to 2023. At the same time, India (X%) displayed positive paces of growth. South Korea and Norway experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. China (X p.p.) and India (X p.p.) significantly strengthened its position in terms of the global imports, while Norway, South Korea and Japan saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, China ($X) constitutes the largest market for imported manganese ores and concentrates worldwide, comprising X% of global imports. The second position in the ranking was taken by India ($X), with a X% share of global imports. It was followed by South Korea, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and South Korea (X% per year).

Import Prices by Country

The average manganese ore and concentrate import price stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the import price continues to indicate a mild contraction. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the maximum at $X per ton in 2018; however, from 2019 to 2023, import prices stood at a somewhat lower figure.

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

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Norway (X%), while the other global leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform