Report Update: Apr 1, 2024

Saudi Arabia - Carbon Electrodes For Furnaces - Market Analysis, Forecast, Size, Trends And Insights

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Furnace Carbon Electrode Price in Saudi Arabia - 2021

Furnace Carbon Electrode Price in Saudi Arabia (CIF) - 2022

The average furnace carbon electrode import price stood at $4,893 per ton in 2022, with an increase of 16% against the previous year. Over the period under review, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2019 an increase of 45%. As a result, import price reached the peak level of $6,364 per ton. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($9,415 per ton), while the price for India ($3,451 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+13.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Furnace Carbon Electrode Price in Saudi Arabia (FOB) - 2022

The average furnace carbon electrode export price stood at $11,052 per ton in 2021, with an increase of 281% against the previous year. In general, the export price recorded a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($12,000 per ton), while the average price for exports to the UK amounted to $785 per ton.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+66.2%).

Furnace Carbon Electrode Imports in Saudi Arabia

Furnace carbon electrode imports into Saudi Arabia shrank slightly to 6.5K tons in 2022, almost unchanged from the previous year's figure. Overall, imports continue to indicate a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 0.5% against the previous year.

In value terms, furnace carbon electrode imports skyrocketed to $32M in 2022. Over the period under review, imports recorded a sharp decrease.

Import of Furnace Carbon Electrode in Saudi Arabia (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	27.9	4.6	6.2	8.6	-32.4%
China	17.4	6.2	9.1	7.3	-25.1%
Japan	11.7	15.1	2.1	6.4	-18.2%
India	12.5	4.6	7.4	5.4	-24.4%
Malaysia	8.3	4.5	N/A	3.9	-22.3%
Russia	N/A	N/A	2.3	N/A	0%
Others	2.6	1.1	0.3	0.2	-57.5%
Total	80.5	36.1	27.5	31.8	-26.6%

Top Suppliers of Furnace Carbon Electrode to Saudi Arabia in 2022:

China (2.1K tons)
India (1.6K tons)
Japan (1.5K tons)
Spain (0.9K tons)
Malaysia (0.4K tons)

Furnace Carbon Electrode Exports in Saudi Arabia

For the third year in a row, Saudi Arabia recorded growth in overseas shipments of carbon electrodes for furnaces, which increased by 18% to 177 tons in 2021. Overall, exports posted a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 101%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, furnace carbon electrode exports surged to $2M in 2021. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Furnace Carbon Electrode in Saudi Arabia (Thousand USD)
COUNTRY	2019	2020	2021	CAGR, 2019-2021
India	N/A	N/A	1,766	0%
United Kingdom	N/A	184	191	3.8%
Germany	N/A	250	N/A	0%
Bahrain	166	N/A	N/A	0%
Others	N/A	N/A	N/A	0%
Total	166	434	1,957	243.4%

Top Export Markets for Furnace Carbon Electrode from Saudi Arabia in 2022:

United Kingdom (243.8 tons)
India (147.2 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the furnace carbon electrode market in Saudi Arabia. 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 2030.

Product coverage:

Prodcom 27901330 - Carbon electrodes for furnaces

Country coverage:

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023