Based on the available data, manganese ore imports in the US experienced a consistent decline from 2013 to 2023. The actual value stood at 254.0 thousand metric tons in 2023. Over the past two years, the year-on-year variations were -4.32% in 2022 and -4.51% in 2023, indicating a negative trend. The compound annual growth rate (CAGR) over the last 5 years was -4.21%, further capturing this downward trend.
Looking forward from 2024 to 2028, the import volume is projected to continue decreasing with a forecasted 5-year CAGR of -4.31%, resulting in an expected 19.76% decline over this period. Key factors to watch include international market dynamics, technological advancements in steelmaking, and domestic production capacity or alternative sourcing strategies that could influence future import volumes.
