Ferromanganese production in Mexico has experienced several fluctuations over the past decade. After peaking in 2014 with an 8.87% year-on-year increase, production started a downward trend, with notable declines in 2016 through 2019 and a significant drop of 17.59% in 2020. In 2021, there was a temporary rebound with a 19.63% increase, but the trend of decline resumed. As of 2023, production stood at 61.66 Thousand Metric Tons, reflecting a slight decrease from the previous year.
The compound annual growth rate (CAGR) for the last five years reports a decline of 0.7%, while the forecast for the next five years predicts a continued slight decline with a forecasted 5-year CAGR of -0.58% and an expected reduction of 2.87% in overall production by 2028.
Future trends to watch for include global demand variations for steel production, which heavily uses ferromanganese, as well as advancements in production technology and possible shifts in trade policies affecting raw material availability and export markets.
