The manganese ore production in Mexico has shown diverse trends over the years. In 2023, the production stood at 765 thousand metric tons, indicating a steady increase. From 2013 to 2023, production experienced fluctuations with notable decreases in 2015 and 2020, but an impressive rebound in 2021. Year-on-year percentage variations highlight periods of both growth and decline, while the Compound Annual Growth Rate (CAGR) over the last five years averages at a modest 2.23%. Forecasting forward, production is expected to continue rising, reaching 844.47 thousand metric tons by 2028 with a forecasted 5-year CAGR of 1.56%.
Future trends to watch for include:
- Global economic conditions affecting steel production, which heavily uses manganese.
- Technological advancements in mining and ore processing.
- Government policies and environmental regulations impacting mining activities.
- Demand shifts towards alternative materials or increased usage of manganese in batteries and other technologies.