Southern Asia: Ferro-Silico-Manganese Market 2024

Ferro-Silico-Manganese Market Size in Southern Asia

In 2023, the South Asian ferro-silico-manganese market increased by X% to $X for the first time since 2019, thus ending a three-year declining trend. Overall, consumption, however, saw a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2023, consumption remained at a lower figure.

Ferro-Silico-Manganese Production in Southern Asia

In value terms, ferro-silico-manganese production amounted to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Ferro-Silico-Manganese Exports

Exports in Southern Asia

In 2023, shipments abroad of ferro-silico-manganese decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a moderate expansion 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 most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then dropped in the following year.

In value terms, ferro-silico-manganese exports shrank dramatically to $X in 2023. Over the period under review, exports, however, posted a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. The level of export peaked at $X in 2022, and then fell markedly in the following year.

Exports by Country

India (X tons) represented roughly X% of total exports in 2023.

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 expanded at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2023, waning by X% against the previous year. Over the period under review, the export price recorded a mild descent. The most prominent rate of growth was recorded in 2021 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2022, and then reduced remarkably 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

In 2023, after three years of growth, there was significant decline in purchases abroad of ferro-silico-manganese, when their volume decreased by X% to X tons. Overall, imports, however, enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when imports increased by X%. The volume of import peaked at X tons in 2022, and then reduced in the following year.

In value terms, ferro-silico-manganese imports contracted sharply to $X in 2023. Over the period under review, imports, however, recorded a resilient increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2022, and then dropped significantly 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 achieving X% of total imports. Sri Lanka (X tons) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bangladesh (with a CAGR of X%), while imports 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 stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Pakistan (X% per year) and India (X% per year).

Import Prices by Country

In 2023, the import price in Southern Asia amounted to $X per ton, which is down by X% against the previous year. Over the period under review, 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 attained the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Bangladesh ($X per ton) and Nepal ($X per ton), while India ($X per ton) and Sri Lanka ($X per ton) were 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