The import value of Manganese Ores and Concentrates to Mexico has shown significant fluctuations over the years. In 2023, the imports stood at 36.698 million US dollars, reflecting a slight increase of 2.58% from the previous year. Over the past decade, the market experienced a peak in 2018 with a value of 40.295 million and significant drops in earlier years like 2013 and 2016. The Compound Annual Growth Rate (CAGR) over the last five years leading to 2023 was -1.85%, indicating a slight decline. However, from 2024 onwards, a positive trend is expected with a forecasted 5-year CAGR of 1.94% and a growth rate of 10.09% by 2028.
Future trends to watch for include:
- Increasing global demand for manganese in steel production, which could boost imports.
- Technological advancements in mining and concentration processes reducing costs.
- Potential economic and trade policy changes in Mexico impacting the import dynamics.
