The import of manganese ores and concentrates to Belgium has shown significant fluctuations over the years. In 2013, the import stood at 13.113 million USD, decreasing to 11.339 million USD in 2016. A sharp increase of 29.94% occurred in 2017, followed by a peak at 18.269 million USD in 2018. The trend experienced a slight decline in 2019 and a significant drop of 15.31% in 2020. However, from 2021, the imports saw renewed growth, reaching 18.617 million USD in 2023. The Compound Annual Growth Rate (CAGR) over the last five years is at 0.38%. Forecasts predict a continuous steady increase, reaching 20.344 million USD by 2028, with a forecasted 5-year CAGR of 1.4%.
Key future trends to watch for:
- Global supply chain disruptions that could impact manganese ore availability.
- Changes in European Union import policies and environmental regulations.
- The influence of technological advancements in steel and battery manufacturing industries driving the demand for manganese.
- Fluctuations in global commodity prices affecting import values.
