India: Silico Manganese Exports Volume Remains Stable Y-o-Y in CY18
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Indian HC Silico Manganese Exports inched down from 794,754MT in CY17 to 791,099MT in CY18 which accounted for 0.46% downfall. Moreover, Exports in the month of December decreased by 2.81% from 62,150MT in Nov'18 to 60,404MT in Dec'18.
Exports were highest in the month of May in CY18. However, the exports were at lowest during Sept-Oct. Japan, UAE, Taiwan and Italy remained the top four countries to import Indian HC Silico Manganese with 13%, 10%, 8% and 7% shares in the total exports respectively. Japan decreased there imports of Indian HC Silico Manganese in Dec'18 by 8.10% M-o-M and significantly fell in CY 18 by 4.30% Y-o-Y. UAE increased their imports from India by a meaningful percentage of 13.55 M-o-M and 22.40 Y-o-Y. Taiwan and Italy on the contrary increased their imports from India in the month of Dec'18 by 28.35% and 66.14% respectively but the total imports in CY18 fell by 14.88% and 15.10% respectively.
Bangladesh showed a major growth in Indian imports by 30.55% in Dec'18 M-o-M and 33.64% in CY18 Y-o-Y. Thailand showed a perpetuated downfall in imports from India since Oct'18 to Dec'18. Imports of Thailand from India reduced by 36.58% M-o-M and 24.91% Y-o-Y.
| Indian Silico Manganese: Country wise Exports | ||||||
| Unload Country | Dec-18 | Nov-18 | M-o-M(%) | CY 18 | CY 17 | Y-o-Y(%) |
| Japan | 7,127 | 7,755 | -8.10 | 105,936 | 110,695 | -4.30 |
| United Arab Emirates | 7,014 | 6,177 | 13.55 | 77,945 | 63,680 | 22.40 |
| Taiwan | 4,364 | 3,400 | 28.35 | 59,446 | 69,839 | -14.88 |
| Italy | 7,056 | 4,247 | 66.14 | 54,385 | 64,060 | -15.10 |
| Pakistan | 4,594 | 4,257 | 7.92 | 43,681 | 42,458 | 2.88 |
| Bangladesh | 5,218 | 3,997 | 30.55 | 42,394 | 31,723 | 33.64 |
| Thailand | 1,801 | 2,840 | -36.58 | 40,089 | 53,385 | -24.91 |
| Others | 23,230 | 29,477 | -21.19 | 367,224 | 358,914 | 2.32 |
| Grand Total | 60,404 | 62,150 | -2.81 | 791,099 | 794,754 | -0.46 |
Source: SteelMint, Customs
All Quantity in MT
