GCC: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in GCC

After two years of growth, the GCC ferro-manganese market decreased by X% to $X in 2023. Over the period under review, consumption, however, continues to indicate a buoyant increase. The level of consumption peaked at $X in 2022, and then shrank in the following year.

Ferro-Manganese Production in GCC

In value terms, ferro-manganese production soared to $X in 2023 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2021 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Ferro-Manganese Exports

Exports in GCC

In 2023, approx. X tons of ferro-manganese were exported in GCC; waning by X% compared with 2022 figures. Overall, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, ferro-manganese exports fell to $X in 2023. In general, exports, however, enjoyed strong growth. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates prevails in exports structure, amounting to X tons, which was approx. X% of total exports in 2023. Oman (X tons) held a minor share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest ferro-manganese supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, ferro-manganese exports increased at an average annual rate of X% over the period from 2012-2023.

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, standing approx. at the previous year. Export price indicated a pronounced expansion from 2012 to 2023: its price 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, ferro-manganese export price increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. The level of export peaked in 2023 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Oman (X%).

Ferro-Manganese Imports

Imports in GCC

Ferro-manganese imports fell rapidly to X tons in 2023, declining by X% against the previous year's figure. Overall, imports, however, continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, ferro-manganese imports dropped notably to $X in 2023. In general, imports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

The United Arab Emirates dominates imports structure, resulting at X tons, which was near X% of total imports in 2023. Oman (X tons) and Kuwait (X tons) followed a long way behind the leaders.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2023. At the same time, Oman (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. From 2012 to 2023, the share of the United Arab Emirates and Oman increased by X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported ferro-manganese in GCC, comprising X% of total imports. The second position in the ranking was held by Oman ($X), with a X% share of total imports.

In the United Arab Emirates, ferro-manganese imports expanded at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Oman (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, stabilizing at the previous year. Overall, the import price, however, showed tangible growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while Kuwait ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform