Asia: Carbon Electrode Market 2024

Carbon Electrode Market Size in Asia

In 2022, after three years of decline, there was growth in the Asian carbon electrode market, when its value increased by X% to $X. Overall, consumption continues to indicate a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Carbon Electrode Production in Asia

In value terms, carbon electrode production fell slightly to $X in 2022 estimated in export price. The total production indicated a mild increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

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Carbon Electrode Exports

Exports in Asia

In 2022, approx. X tons of carbon electrodes were exported in Asia; growing by X% on the year before. Total exports indicated a tangible increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. The volume of export peaked in 2022 and is likely to see gradual growth in the near future.

In value terms, carbon electrode exports skyrocketed to $X in 2022. Overall, exports posted a strong increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China dominates exports structure, resulting at X tons, which was near X% of total exports in 2022. The following exporters - India (X tons) and Japan (X tons) - each recorded a X% share of total exports.

China was also the fastest-growing in terms of the carbon electrodes exports, with a CAGR of X% from 2012 to 2022. India experienced a relatively flat trend pattern. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest carbon electrode supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, surging by X% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced mixed trends in the export price figures.

Carbon Electrode Imports

Imports in Asia

In 2022, purchases abroad of carbon electrodes increased by X% to X tons, rising for the sixth consecutive year after three years of decline. Total imports indicated a perceptible expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2016 indices. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, carbon electrode imports skyrocketed to $X in 2022. Overall, imports showed a temperate increase. The pace of growth appeared the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the largest importer of carbon electrodes in Asia, with the volume of imports reaching X tons, which was near X% of total imports in 2022. It was distantly followed by Iran (X tons), India (X tons), Turkey (X tons) and Bahrain (X tons), together mixing up a X% share of total imports. South Korea (X tons), Azerbaijan (X tons), Kazakhstan (X tons), Japan (X tons), Taiwan (Chinese) (X tons) and Indonesia (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Azerbaijan (X%), Bahrain (X%), Iran (X%) and Japan (X%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2022. Turkey, Indonesia, India and Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, South Korea (X%) and Kazakhstan (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Bahrain (X p.p.) and Azerbaijan (X p.p.) significantly strengthened its position in terms of the total imports, while India, Iran, South Korea and Kazakhstan saw its share reduced by X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carbon electrode importing markets in Asia were the United Arab Emirates ($X), Iran ($X) and Turkey ($X), with a combined X% share of total imports. South Korea, India, Japan, Kazakhstan, Bahrain, Taiwan (Chinese), Azerbaijan and Indonesia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Azerbaijan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform