The import of manganese ores and concentrates to China is projected to grow steadily from 2024 to 2028. In 2023, the actual volume was 32.706 billion kilograms. Year-on-year growth from 2024 to 2028 ranges between 4% to 4.3%, while the compounded annual growth rate (CAGR) over these five years is approximately 4.07%. This upward trend reflects consistent demand in industries such as steel production, where manganese is a crucial additive.
Future trends to watch for:
- Increased domestic production in China could impact import levels.
- Technological advancements in manganese mining and processing could influence market dynamics.
- Fluctuations in global trade policies and tariffs.
- Environmental regulations affecting mining operations.
- Developments in alternative materials that might substitute manganese.