Italy: Ferro-Manganese Market 2024

Ferro-Manganese Market Size in Italy

The Italian ferro-manganese market expanded modestly to $X in 2023, increasing by X% against the previous year. In general, consumption saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Ferro-Manganese Production in Italy

In value terms, ferro-manganese production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, saw a perceptible contraction. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2023, production failed to regain momentum.

Ferro-Manganese Exports

Exports from Italy

In 2023, after seven years of growth, there was significant decline in shipments abroad of ferro-manganese, when their volume decreased by X% to X tons. Over the period under review, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2022, and then declined dramatically in the following year.

In value terms, ferro-manganese exports dropped sharply to $X in 2023. Overall, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at $X in 2022, and then fell dramatically in the following year.

Exports by Country

Germany (X tons), Austria (X tons) and Poland (X tons) were the main destinations of ferro-manganese exports from Italy, together comprising X% of total exports. Slovakia, Romania, the Czech Republic, France, Slovenia and Greece lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Austria ($X) and Poland ($X) were the largest markets for ferro-manganese exported from Italy worldwide, together comprising X% of total exports. Slovakia, Greece, Romania, France, the Czech Republic and Slovenia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Slovakia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ferro-manganese export price stood at $X per ton in 2023, which is down by X% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; however, from 2018 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greece ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ferro-Manganese Imports

Imports into Italy

In 2023, imports of ferro-manganese into Italy reduced modestly to X tons, shrinking by X% compared with the previous year. In general, total imports indicated temperate growth 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, imports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. 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, ferro-manganese imports contracted rapidly to $X in 2023. Over the period under review, imports, however, posted a noticeable increase. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Imports peaked at $X in 2022, and then shrank rapidly in the following year.

Imports by Country

In 2023, India (X tons) constituted the largest supplier of ferro-manganese to Italy, accounting for a X% share of total imports. Moreover, ferro-manganese imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), threefold. South Africa (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and South Africa (X% per year).

In value terms, India ($X) constituted the largest supplier of ferro-manganese to Italy, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from India totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and South Africa (X% per year).

Import Prices by Country

The average ferro-manganese import price stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2022, and then fell sharply in the following year.

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

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

Source: IndexBox Platform