The consumption of manganese metal in alloy manufacturing in the US has shown a declining trend from 2013 to 2023, dropping from 11.8 thousand metric tons in 2013 to 9.12 thousand metric tons in 2023. The year-on-year variation has mostly been negative, with a notable decrease of 7.38% in 2020, a slight increase of 2.6% in 2021, and consecutive declines in 2022 and 2023 by around 2.5% each year. The compound annual growth rate (CAGR) over the last five years (2018-2023) stood at -2.52%.
Forecasts indicate a continued decrease in consumption, with a CAGR of -2.32% from 2024 to 2028, projecting the consumption to reach 7.88 thousand metric tons by 2028.
Future trends to watch for:
- Technological advancements in alloy manufacturing could impact manganese metal demand.
- Changes in environmental regulations and policies might affect the production and consumption dynamics.
- Market shifts towards alternative materials could reduce dependency on manganese metal.