
China - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights
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China’s Carbon Electrode Exports Recover, Increasing +31% to $1.2B This Year
IndexBox has just published a new report: 'China - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights'. Here is a summary of the report's key findings.
China's carbon electrode exports started to recover after two years of decline. Throughout January-July 2021, the supplies abroad totalled $1.2B, increasing by +31% compared to the same period in 2020. China remains the world's largest supplier, accounting for 66% of global carbon electrode exports. More than half of its shipments go to Malaysia, Russia and Canada. Bahrain recorded the highest growth rate of purchases from China among the main trade partners.
China's Carbon Electrode Exports
From January to July 2021, the carbon electrode supplies from China totalled $1.2B, rising by +31% compared to the same period of 2020. Last year, exports shrank from $2.9B to $1.6B (IndexBox estimates), decreasing for the second consecutive year. In physical terms, the amount of carbon electrodes exported from China surged to 1.9M tonnes, jumping by +22% compared with 2019 figures. China continues to top the world's largest supplier ranking, with a 66%-share of global exports.
Malaysia (450K tonnes), Canada (308K tonnes) and Russia (271K tonnes) were the main destinations of carbon electrode exports from China, together comprising 53% of the total volume. The United Arab Emirates, Norway, Turkey, Bahrain, Germany, Azerbaijan and the Netherlands lagged somewhat behind, together accounting for a further 33%.
In value terms, Malaysia ($287M), Russia ($195M) and Canada ($175M) appeared to be the largest markets for carbon electrodes exported from China worldwide, with a combined 42% share of total exports. These countries were followed by the United Arab Emirates, Turkey, Norway, Germany, Azerbaijan, Bahrain and the Netherlands, which together accounted for a further 28%.
Bahrain recorded the highest growth rate of carbon electrode purchases from China last year. Its imports increased nearly twofold.
The average carbon electrode export price amounted to $821 per tonne in 2020. There were significant differences in the average prices for the major export markets. The country with the highest price was Germany ($1,166 per tonne), while the average price for exports to Bahrain ($498 per tonne) was amongst the lowest. The most notable growth rate in terms of prices was recorded for supplies to Azerbaijan, while the prices for the other significant destinations experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the carbon electrode market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.
Making Data-Driven Decisions to Grow Your Business
A Quick Overview of Market Performance
Understanding the Current State of The Market and Its Prospects
Finding New Products to Diversify Your Business
Choosing the Best Countries to Establish Your Sustainable Supply Chain
Choosing the Best Countries to Boost Your Exports
The Latest Trends and Insights into The Industry
The Largest Import Supplying Countries
The Largest Destinations for Exports
The Largest Producers on The Market and Their Profiles
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