Ferromanganese production in Saudi Arabia stood at 23.23 Thousand Metric Tons in 2023. The actual data shows a gradual decline from 25.0 Thousand Metric Tons in 2013 to 23.23 Thousand Metric Tons in 2023. The most significant drop was in 2020, with a 17.68% year-on-year decline. Over the last two years, there has been a slight decrease of 0.8% year-on-year in 2022 and 0.79% in 2023. The Compound Annual Growth Rate (CAGR) over the last five years has been -0.81%.
Looking ahead, forecasted data indicates a continuing decline at a CAGR of -0.67% over the next five years, with production projected to drop to 22.26 Thousand Metric Tons by 2028.
Future trends to watch for include the impact of technological advancements, shifts in global market demand, and policy changes in Saudi Arabia’s mining and metal sectors, which could influence production levels positively or negatively.
