The manganese ore production in South Africa has shown a generally upward trajectory from 2013 to 2023. Actual production in 2023 was 6.99 million metric tons. A significant drop occurred in 2020, followed by a substantial recovery in 2021. Over the last two years, production increased by 3.28% in 2022 and by 3.11% in 2023. The decade-long journey displayed fluctuations, with major leaps in early years and steadier growth in recent ones.
For the future, the forecast indicates continued growth, projecting a CAGR of 2.3% over the next five years, culminating in an estimated 8.09 million metric tons by 2028. Notably, the forecasted five-year growth rate is 12.04%, suggesting sustained, if moderate, expansion.
Trends to watch for:
- Potential supply chain disruptions that may impact the steady growth path.
- Technological advancements that could increase efficiency and output.
- Global economic factors and their influence on demand for manganese ore.
- Regulatory changes affecting mining policies in South Africa.