The 2011 Import and Export Market for Ferromanganese in Australia by ICONGroup

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									The 2011 Import and Export
Market for Ferromanganese in
          Australia




                                         By
                         Professor Philip M. Parker, Ph. D.
                      Chaired Professor of Management Science
                    INSEAD (Singapore & Fontainebleau, France)




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                                About the Author
Dr. Philip M. Parker is the Eli Lilly Chaired Professor of Innovation, Business and Society at
INSEAD where he has taught courses on multivariate statistics and global competitive strategy
since 1988. He has also taught courses at MIT, Stanford University, Harvard University, UCLA,
UCSD, and the Hong Kong University of Science and Technology. He is the author of six books
on the economic convergence of nations. These books introduce the notion of “physioeconomics”
which foresees a lack of global convergence in economic behaviors due to physiological and
physiographic forces. His latest book is "Physioeconomics: The Basis for Long-Run Economic
Growth" (MIT Press 2000). He has also published numerous articles in academic journals,
including The Rand Journal of Economics, Marketing Science, the Journal of International
Business Studies, Technological Forecasting and Social Change, International Journal of
Forecasting, the European Management Journal, the European Journal of Operational
Research, Journal of Marketing, International Journal of Research in Marketing, and Journal of
Marketing Research. He is also on the editorial boards of several academic journals.

Dr. Parker received his Ph.D. in Business Economics from the Wharton School of the University
of Pennsylvania and has Masters degrees in Finance and Banking (University of Aix-Marseille)
and Managerial Economics (Wharton). His undergraduate degrees are in mathematics, biology
and economics (minor in aeronautical engineering). He has consulted and/or taught courses in
Africa, the Middle East, Asia, Latin America, North America and Europe.



                                 About this Series
This series was created for international firms who rely on foreign export markets for a
substantial portion of their business or who might be threatened by foreign trade competition.
The estimates given in this report were created using a methodology developed by and under the
direct supervision of Professor Philip M. Parker, the Eli Lilly Chaired Professor of Innovation,
Business and Society, at INSEAD. The methodology, relying on historical figures of economic
growth and trade flows, estimates the market shares of some 150 countries for over 500 industrial
or product categories. The figures should be seen as market estimates, as opposed to historical
records, as these are projected for the current year of trade.



                               Acknowledgements
Some of the methodologies and research approaches used in this report have benefited from the
R&D Committee at INSEAD, whose research support is gratefully acknowledged. Additional
editorial assistance from Tiffany LaRochelle, ICON Group International, Inc., is also
acknowledged.



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                           About ICON Group Ltd.
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                                                               Contents        v


Table of Contents
1     INTRODUCTION AND METHODOLOGY                                         6
2     AUSTRALIA AND THE WORLD MARKET                                       8
    2.1        Imports in Australia in 2011                                8
    2.2        Exports from Australia in 2011                              8
3     IMPORTS IN AUSTRALIA                                                 9
    3.1      Africa                                                        9
       3.1.1   South Africa                                                9
    3.2      Asia                                                         10
       3.2.1   Japan                                                      10
       3.2.2   Malaysia                                                   10
4     EXPORTS FROM AUSTRALIA                                              11
    4.1        Asia                                                       11
       4.1.1      China                                                   11
       4.1.2      Indonesia                                               11
       4.1.3      Japan                                                   12
       4.1.4      Malaysia                                                12
       4.1.5      Philippines                                             13
       4.1.6      South Korea                                             13
       4.1.7      Taiwan                                                  14
       4.1.8      Thailand                                                14
    4.2        Europe                                                     15
       4.2.1      Poland                                                  15
       4.2.2      the Netherlands                                         16
    4.3        North America & the Caribbean                              17
       4.3.1      the United States                                       17
    4.4        Oceana                                                     17
       4.4.1      New Caledonia                                           17
       4.4.2      New Zealand                                             18
    4.5        the Middle East                                            18
       4.5.1      Iran                                                    18
       4.5.2      Pakistan                                                19
       4.5.3      Turkey                                                  20
5     DISCLAIMERS, WARRANTEES, AND USER AGREEMENT PROVISIONS              21
    5.1        Disclaimers & Safe Harbor                                  21
    5.2        ICON Group Ltd. User Agreement Provisions                  22




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                                                               Ferromanganese in Australia        6


1      INTRODUCTION AND METHODOLOGY
On the demand side, exporters and strategic planners focusing on ferromanganese in Australia
face a number of questions. Which countries are supplying ferromanganese to Australia? How
important is Australia compared to others in terms of the entire global and regional market? How
much do the imports of ferromanganese vary from one country of origin to another in Australia?
On the supply side, Australia also exports ferromanganese. Which countries receive the most
exports from Australia? How are these exports concentrated across buyers? What is the value of
these exports and which countries are the largest buyers?

This report was created for strategic planners, international marketing executives and
import/export managers who are concerned with the market for ferromanganese in Australia.
With the globalization of this market, managers can no longer be contented with a local view.
Nor can managers be contented with out-of-date statistics which appear several years after the
fact. I have developed a methodology, based on macroeconomic and trade models, to estimate
the market for ferromanganese for those countries serving Australia via exports, or supplying
from Australia via imports. It does so for the current year based on a variety of key historical
indicators and econometric models.

In what follows, Chapter 2 begins by summarizing where Australia fits into the world market for
imported and exported ferromanganese. The total level of imports and exports on a worldwide
basis, and those for Australia in particular, is estimated using a model which aggregates across
over 150 key country markets and projects these to the current year. From there, each country
represents a percent of the world market. This market is served from a number of competitive
countries of origin. Based on both demand- and supply-side dynamics, market shares by country
of origin are then calculated across each country market destination. These shares lead to a
volume of import and export values for each country and are aggregated to regional and world
totals. In doing so, we are able to obtain maximum likelihood estimates of both the value of each
market and the share that Australia is likely to receive this year. From these figures, rankings are
calculated to allow managers to prioritize Australia compared to other major country markets. In
this way, all the figures provided in this report are forecasts that can be combined with internal
information sources for strategic planning purposes.

After the worldwide summary in Chapter 2 of both imports and exports of ferromanganese,
Chapter 3 goes into detail on imports, but for each major country of origin serving Australia. A
“major” market is defined as a country where Australia represents a substantially large share of
either imports or exports. For each major country exporting to Australia, one can thus observe
how important Australia is to that exporting country compared to other countries of the world.
Chapter 4 does the same, but for exports of ferromanganese originating from Australia, for each
major country of destination. In doing so, one can discover the share that Australia has in each
major market; this share value is often used as a measure of competitiveness for Australia. In all
cases, the total dollar volume and percentage share values by major trading partner are provided.
Combined, Chapters 3 and 4 present a the total picture for imports and exports of ferromanganese


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                                                                 Ferromanganese in Australia        7

to and from Australia to and from all other major countries in the world. "Ferromanganese" as a
category is defined in this report following the definition given by the United Nations Statistics
Division Classification Registry using the Standard International Trade Classification, Revision 3
(SITC, Rev. 3). The SITC code that defined "ferromanganese" is 6714 . For more information
on this definition, please refer to the following web site:
http://unstats.un.org/unsd/cr/registry/regcs.asp?Cl=14&Lg=1&Co=671 .

This report is updated on an annual basis. To ensure that you have the most current version,
please check the web site of ICON Group at www.icongrouponline.com.

Important Caveat. The figures should be seen as market estimates, as opposed to historical
records, as these are forecasted for the current year of trade. More importantly, in light of the fact
that unforeseeable factors might interrupt markets in achieving their reported levels, the figures
should be seen as estimates of potential. For example, "mad cow" disease, foot-and-mouth
disease, trade embargoes, military conflicts, acts of terrorism and other events will certainly
affect the actual trade flows recorded for a variety of industry or product categories. In such
cases, the difference between the numbers given in this report and the numbers actually observed
might be interpreted as the "net loss" or "net gain" due to these exogenous events affecting
regular trade flows that would have occurred had these events not have taken place.




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                                                                   Ferromanganese in Australia          8


2       AUSTRALIA AND THE WORLD MARKET
2.1         IMPORTS IN AUSTRALIA IN 2011
                        Imported Ferromanganese in Australia, 2011
                              (Structure of Foreign Import Competition)

Country of Origin             Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
South Africa                       1                    7,244               87.03                 87.03
Japan                              2                      586                7.04                 94.07
Malaysia                           3                      359                4.31                 98.38
China                              4                      135                1.62                100.00
Total                                                   8,324              100.00                100.00
_________________________________________________________________________________________________________
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com



2.2         EXPORTS FROM AUSTRALIA IN 2011
                       Ferromanganese Exports from Australia, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
Taiwan                            1                    22,915               31.63                 31.63
Japan                             2                    15,259               21.06                 52.69
South Korea                       3                     8,448               11.66                 64.35
China                             4                     6,782                9.36                 73.71
Indonesia                         5                     4,052                5.59                 79.30
Iran                              6                     3,319                4.58                 83.88
Turkey                            7                     3,200                4.42                 88.29
the United States                 8                     2,904                4.01                 92.30
New Zealand                       9                     1,864                2.57                 94.88
Philippines                      10                     1,265                1.75                 96.62
New Caledonia                    11                       676                0.93                 97.55
Malaysia                         12                       490                0.68                 98.23
Pakistan                         13                       418                0.58                 98.81
Thailand                         14                       382                0.53                 99.33
Poland                           15                       290                0.40                 99.74
the Netherlands                  16                       192                0.26                100.00
Total                                                  72,456              100.00                100.00
_________________________________________________________________________________________________________
    Source: Philip M. PARKER, Professor, INSEAD, copyright 2011, www.icongrouponline.com




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                                                                   Ferromanganese in Australia          9


3       IMPORTS IN AUSTRALIA
3.1         AFRICA
3.1.1          South Africa
                     Ferromanganese Exports from South Africa, 2011
Country of Destination        Rank         Value (000 US$)              % Share        Cumulative %
_________________________________________________________________________________________________________
the United States                 1                  102,147                25.08                 25.08
Germany                           2                   49,646                12.19                 37.27
Brazil                            3                   23,050                 5.66                 42.93
Canada                            4                   23,018                 5.65                 48.58
Belgium                           5                   20,910                 5.13                 53.72
the United Kingdom                6                   20,102                 4.94                 58.65
Iran                              7                   19,864                 4.88           
								
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