South Africa: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in South Africa

The South African market for carbon electrodes not for furnaces reduced remarkably to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded a dramatic contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Carbon Electrodes Not For Furnaces

Exports from South Africa

In 2022, shipments abroad of carbon electrodes not for furnaces increased by X% to X tons, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a deep downturn. The pace of growth was the most pronounced in 2013 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode not for furnaces exports totaled $X in 2022. In general, exports, however, showed a deep setback. The growth pace was the most rapid in 2013 when exports increased by X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Zimbabwe (X tons) was the main destination for carbon electrode not for furnaces exports from South Africa, with a X% share of total exports. Moreover, carbon electrode not for furnaces exports to Zimbabwe exceeded the volume sent to the second major destination, Botswana (X tons), twofold. Democratic Republic of the Congo (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, the largest markets for carbon electrode not for furnaces exported from South Africa were Zambia ($X), Angola ($X) and Zimbabwe ($X), with a combined X% share of total exports.

Angola, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for carbon electrodes not for furnaces amounted to $X per ton, dropping by X% against the previous year. In general, the export price, however, continues to indicate resilient growth. The most prominent rate of growth was recorded in 2020 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Lesotho ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Imports of Carbon Electrodes Not For Furnaces

Imports into South Africa

Carbon electrode not for furnaces imports into South Africa fell dramatically to X tons in 2022, declining by X% against the year before. Over the period under review, imports continue to indicate a significant decrease. The growth pace was the most rapid in 2014 when imports increased by X%. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon electrode not for furnaces imports expanded notably to $X in 2022. Overall, imports saw a deep downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbon electrode not for furnaces to South Africa, accounting for a X% share of total imports. Moreover, carbon electrode not for furnaces imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), sevenfold.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest carbon electrode not for furnaces suppliers to South Africa were China ($X), France ($X) and Taiwan (Chinese) ($X), together comprising X% of total imports.

Among the main suppliers, France, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average import price for carbon electrodes not for furnaces amounted to $X per ton, picking up by X% against the previous year. Over the period under review, the import price continues to indicate a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform