Middle East: Carbon Electrode Market 2024

Carbon Electrode Market Size in the Middle East

The Middle Eastern carbon electrode market rose markedly to $X in 2022, surging by X% against the previous year. Over the period under review, consumption posted perceptible growth. The level of consumption peaked in 2022 and is expected to retain growth in the near future.

Carbon Electrode Production in the Middle East

In value terms, carbon electrode production stood at $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 the Middle East

In 2022, carbon electrode exports in the Middle East soared to X tons, rising by X% against 2021. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode exports dropped significantly to $X in 2022. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Turkey (X tons) represented the main exporter of carbon electrodes, making up X% of total exports. It was distantly followed by the United Arab Emirates (X tons), mixing up a X% share of total exports.

Turkey was also the fastest-growing in terms of the carbon electrodes exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) and the United Arab Emirates ($X) appeared to be the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Turkey, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, falling by X% against the previous year. Overall, the export price, however, showed mild growth. The pace of growth appeared the most rapid in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Carbon Electrode Imports

Imports in the Middle East

In 2022, approx. X tons of carbon electrodes were imported in the Middle East; picking up by X% compared with the previous year. In general, imports enjoyed prominent growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, carbon electrode imports surged to $X in 2022. Over the period under review, imports posted a prominent expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United Arab Emirates was the main importer of carbon electrodes in the Middle East, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Iran (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Bahrain (X%). The following importers - Oman (X tons) and Saudi Arabia (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbon electrode imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%), Oman (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in the Middle East, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Bahrain (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Saudi Arabia (X p.p.), Turkey (X p.p.) and Iran (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X), Iran ($X) and Turkey ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Bahrain, Oman and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Bahrain, with a CAGR of X%, saw the highest growth rate of 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 the Middle East amounted to $X per ton, picking up by X% against the previous year. Overall, the import price, however, saw a slight descent. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform