In 2023, ferromanganese exports in the US stood at approximately 4.9 Thousand Metric Tons. The forecast for 2024 to 2028 indicates a consistent decline with values dropping from 4.47 to 3.02 Thousand Metric Tons. The year-on-year percentage variations show a steady decrease, reflecting economic or industrial shifts. From 2024 to 2028, the compound annual growth rate (CAGR) indicates a decline, with exports reducing by around 9% annually. This downward trajectory suggests potential changes in global demand or domestic production capacities.
Future trends to watch for:
- Global steel production changes, which heavily rely on ferromanganese.
- Technological advancements in steelmaking reducing manganese needs.
- U.S. trade policies affecting ferromanganese exports.
- Emerging substitutes and their market adoption.
