Asia-Pacific: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Asia-Pacific

In 2023, after two years of growth, there was significant decline in the Asia-Pacific manganese ore and concentrate market, when its value decreased by X% to $X. Overall, consumption enjoyed a tangible expansion. The level of consumption peaked at $X in 2022, and then fell in the following year.

Production of Manganese Ores and Concentrates in Asia-Pacific

In value terms, manganese ore and concentrate production reduced remarkably to $X in 2023 estimated in export price. In general, production, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2016; however, from 2017 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Asia-Pacific

In 2023, exports of manganese ores and concentrates in Asia-Pacific dropped remarkably to X tons, which is down by X% compared with 2022. Over the period under review, exports continue to indicate a drastic downturn. The growth pace was the most rapid in 2019 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

In value terms, manganese ore and concentrate exports expanded significantly to $X in 2023. Overall, exports saw a deep contraction. The most prominent rate of growth was recorded in 2019 with an increase of X%. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2023, the exports failed to regain momentum.

Exports by Country

Myanmar (X tons) and Malaysia (X tons) represented roughly X% of total exports in 2023. It was distantly followed by Singapore (X tons) and China (X tons), together mixing up a X% share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Singapore (with a CAGR of X%), while the other leaders experienced mixed trends in the exports figures.

In value terms, the largest manganese ore and concentrate supplying countries in Asia-Pacific were Singapore ($X), Myanmar ($X) and China ($X), together accounting for X% of total exports.

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

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of X%. Over the period under review, the export prices attained the peak figure at $X per ton in 2013; however, from 2014 to 2023, the export prices stood at a somewhat lower figure.

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 Singapore ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Imports of Manganese Ores and Concentrates

Imports in Asia-Pacific

In 2023, manganese ore and concentrate imports in Asia-Pacific amounted to X tons, remaining relatively unchanged against the year before. Overall, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, manganese ore and concentrate imports declined rapidly to $X in 2023. Over the period under review, imports enjoyed prominent growth. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then plummeted in the following year.

Imports by Country

In 2023, China (X tons) represented the key importer of manganese ores and concentrates, committing X% of total imports. It was distantly followed by India (X tons), mixing up a X% share of total imports. South Korea (X tons), Japan (X tons) and Singapore (X tons) held a relatively small share of total imports.

Imports into China increased at an average annual rate of X% from 2012 to 2023. At the same time, Singapore (X%) and India (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of X% from 2012-2023. South Korea experienced a relatively flat trend pattern. By contrast, Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of South Korea (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2023, the average annual rate of growth in terms of value in China totaled 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 import price in Asia-Pacific stood at $X per ton in 2023, falling by X% against the previous year. Overall, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. Over the period under review, import prices attained 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 ($X per ton), while Singapore ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform