The historical trend for Manganese Ore Stocks in the US shows a significant decline from 2013 to 2023. In 2013, stocks stood at 217 thousand metric tons, and by 2023, they had decreased to 94 thousand metric tons. Over the last two years, the year-on-year variation was -5.71% in 2022 and -5.05% in 2023. The compound annual growth rate (CAGR) over the last five years was -5.08%. Looking forward, forecast data for 2024 to 2028 predicts a continued decline, with a predicted CAGR of -5.59% and an overall reduction of 25% by 2028.
Future trends to watch for include potential increases in global demand for manganese ore due to technological advancements and shifts in industrial practices. Monitoring these trends will be crucial for adjusting forecasting models and market strategies in the manganese ore sector.
