ECOWAS: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in ECOWAS

The ECOWAS manganese ore and concentrate market amounted to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption posted a prominent increase. Over the period under review, the market reached the peak level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Manganese Ores and Concentrates in ECOWAS

In value terms, manganese ore and concentrate production expanded significantly to $X in 2023 estimated in export price. Over the period under review, production saw buoyant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. Over the period under review, production attained the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in ECOWAS

In 2023, the amount of manganese ores and concentrates exported in ECOWAS contracted to X tons, which is down by X% against the previous year. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2019; however, from 2020 to 2023, the exports remained at a lower figure.

In value terms, manganese ore and concentrate exports declined to $X in 2023. Overall, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum at $X in 2022, and then contracted in the following year.

Exports by Country

Cote d'Ivoire prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. Mali (X tons), Nigeria (X tons) and Senegal (X tons) followed a long way behind the leaders.

Exports from Cote d'Ivoire increased at an average annual rate of X% from 2012 to 2023. At the same time, Mali (X%), Senegal (X%) and Nigeria (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2023. While the share of Mali (X p.p.), Nigeria (X p.p.) and Senegal (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Cote d'Ivoire ($X) remains the largest manganese ore and concentrate supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Mali ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Cote d'Ivoire totaled X%. In the other countries, the average annual rates were as follows: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2023, with a decrease of X% against the previous year. In general, the export price continues to indicate a deep contraction. The pace of growth was the most pronounced in 2016 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

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 Senegal ($X per ton), while Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Imports of Manganese Ores and Concentrates

Imports in ECOWAS

After two years of growth, purchases abroad of manganese ores and concentrates decreased by X% to X tons in 2023. Over the period under review, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a lower figure.

In value terms, manganese ore and concentrate imports contracted to $X in 2023. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports attained the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.

Imports by Country

Niger represented the largest importing country with an import of around X tons, which recorded X% of total imports. Cote d'Ivoire (X tons) ranks second in terms of the total imports with a X% share, followed by Senegal (X%). Mali (X tons) followed a long way behind the leaders.

Imports into Niger increased at an average annual rate of X% from 2012 to 2023. At the same time, Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2023. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. Niger (X p.p.), Senegal (X p.p.) and Mali (X p.p.) significantly strengthened its position in terms of the total imports, while Cote d'Ivoire saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Niger ($X) constitutes the largest market for imported manganese ores and concentrates in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Niger amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the import price recorded a moderate increase. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, major importing countries recorded the following prices: in Senegal ($X per ton) and Niger ($X per ton), while Mali ($X per ton) and Cote d'Ivoire ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform