Middle East: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in the Middle East

The Middle Eastern market for carbon electrodes not for furnaces skyrocketed to $X in 2022, surging by X% against the previous year. Overall, consumption posted a mild expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Carbon Electrodes Not For Furnaces in the Middle East

In value terms, carbon electrode not for furnaces production rose notably to $X in 2022 estimated in export price. Over the period under review, production recorded prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Carbon Electrodes Not For Furnaces

Exports in the Middle East

In 2022, carbon electrode not for furnaces exports in the Middle East surged to X tons, jumping by X% on the previous year. Over the period under review, exports saw significant growth. The growth pace was the most rapid in 2013 with an increase of X%. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, carbon electrode not for furnaces exports contracted to $X in 2022. Overall, exports posted a significant increase. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Turkey prevails in exports structure, recording X tons, which was near X% of total exports in 2022. The United Arab Emirates (X tons) followed a long way behind the leaders.

Turkey was also the fastest-growing in terms of the carbon electrodes not for furnaces exports, with a CAGR of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Turkey (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) remains the largest carbon electrode not for furnaces supplier in the Middle East, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Turkey stood at X%.

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, the export price recorded a deep reduction. The pace of growth was the most pronounced in 2014 when the export price increased by X%. Over the period under review, the export prices hit record highs at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey amounted to $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%).

Imports of Carbon Electrodes Not For Furnaces

Imports in the Middle East

In 2022, supplies from abroad of carbon electrodes not for furnaces was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. In general, imports enjoyed resilient growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbon electrode not for furnaces imports surged to $X in 2022. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Bahrain (X tons) and the United Arab Emirates (X tons) dominates imports structure, together committing X% of total imports. Oman (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Qatar (X%). Iran (X tons), Saudi Arabia (X tons) and Turkey (X tons) held a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Qatar (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported carbon electrodes not for furnaces in the Middle East, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, carbon electrode not for furnaces imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, saw notable growth. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, and then dropped significantly in the following year.

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 the United Arab Emirates ($X per ton), while Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform