Western Africa: Market for Manganese Ores and Concentrates 2024

Market Size for Manganese Ores and Concentrates in Western Africa

The West African manganese ore and concentrate market expanded slightly to $X in 2023, growing by X% against the previous year. Overall, consumption enjoyed strong growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Manganese Ores and Concentrates in Western Africa

In value terms, manganese ore and concentrate production rose remarkably to $X in 2023 estimated in export price. In general, production showed a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Manganese Ores and Concentrates

Exports in Western Africa

Manganese ore and concentrate exports reduced to X tons in 2023, with a decrease of X% on the year before. In general, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, the exports reached 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, recorded a strong expansion. The growth pace was the most rapid in 2018 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then reduced in the following year.

Exports by Country

Cote d'Ivoire dominates exports structure, amounting to X tons, which was near X% of total exports in 2023. Mali (X tons), Nigeria (X tons) and Senegal (X tons) held a little share of total exports.

From 2012 to 2023, average annual rates of growth with regard to manganese ore and concentrate exports from Cote d'Ivoire stood at X%. 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 Western Africa, 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 ($X) remains the largest manganese ore and concentrate supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Mali ($X), with a X% share of total exports. It was followed by Senegal, with a X% share.

In Cote d'Ivoire, manganese ore and concentrate exports expanded at an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: Mali (X% per year) and Senegal (X% per year).

Export Prices by Country

The export price in Western Africa stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price saw a abrupt curtailment. The pace of growth was the most pronounced in 2016 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Western Africa

In 2023, overseas purchases of manganese ores and concentrates decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports recorded a noticeable downturn. The growth pace was the most rapid in 2013 when imports increased by X%. As a result, imports attained 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 declined modestly to $X in 2023. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced 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 main importer of manganese ores and concentrates in Western Africa, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. Cote d'Ivoire (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Senegal (X%). Mali (X tons) took a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to manganese ore and concentrate imports into Niger stood at X%. At the same time, Mali (X%) and Senegal (X%) displayed positive paces of growth. Moreover, Mali emerged as the fastest-growing importer imported in Western Africa, 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 ($X) constitutes the largest market for imported manganese ores and concentrates in Western Africa, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Senegal, with a X% share.

In Niger, manganese ore and concentrate imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Cote d'Ivoire (X% per year) and Senegal (X% per year).

Import Prices by Country

The import price in Western Africa stood at $X per ton in 2023, surging by X% against the previous year. Overall, the import price posted a noticeable increase. The most prominent rate of growth was recorded 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 remained at a 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