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Mexico - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Mexico - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights

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Sep 24, 2023

Carbon Electrode Price in Mexico Drops by 23% to $4,660 per Ton

Mexico Carbon Electrode Import Price in June 2023

In June 2023, the carbon electrode price stood at $4,660 per ton (CIF, Mexico), dropping by -23.2% against the previous month. Over the period under review, the import price recorded a mild setback. The pace of growth appeared the most rapid in May 2023 when the average import price increased by 33% month-to-month. The import price peaked at $6,614 per ton in October 2022; however, from November 2022 to June 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was the United States ($8,875 per ton), while the price for China totaled $3,737 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by the United States (+0.7%), while the prices for the other major suppliers experienced a decline.

Mexico Carbon Electrode Import Prices By Country (USD Per Ton)
COUNTRYImport Price of Carbon Electrode in Mexico (USD per ton)
Jun 2022Jul 2022Aug 2022Sep 2022Oct 2022Nov 2022Dec 2022Jan 2023Feb 2023Mar 2023Apr 2023May 2023Jun 2023
United States8,2098,8487,5298,6788,1097,6847,7696,6398,2367,98410,5868,1578,875
China4,9284,7084,5754,7074,8374,7124,1033,8813,9223,7704,0953,8373,737
India6,0634,970N/A4,780N/AN/AN/AN/AN/A5,1714,123N/AN/A
Average5,8785,3815,4775,3926,6146,2735,3864,7485,5095,0394,5766,0654,660

Mexico Carbon Electrode Import Prices by Type

There were significant differences in the average prices amongst the major supplied products. In June 2023, the product with the highest price was carbon electrodes not for furnaces ($8,464 per ton), while the price for carbon electrodes for furnaces totaled $4,436 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by furnace carbon electrode (-1.8%).

Mexico Carbon Electrode Imports

Carbon electrode imports into Mexico surged to 1.7K tons in June 2023, with an increase of 44% on the previous month's figure. In general, imports showed a temperate increase. The pace of growth appeared the most rapid in November 2022 when imports increased by 127% m-o-m. As a result, imports attained the peak of 2.5K tons. From December 2022 to June 2023, the growth of imports remained at a lower figure.

In value terms, carbon electrode imports expanded significantly to $8.1M (IndexBox estimates) in June 2023. Over the period under review, imports continue to indicate noticeable growth. The pace of growth appeared the most rapid in November 2022 when imports increased by 115% m-o-m. As a result, imports reached the peak of $16M. From December 2022 to June 2023, the growth of imports failed to regain momentum.

Mexico Carbon Electrode Imports by Type

In June 2023, carbon electrodes for furnaces (1.6K tons) was the main type of carbon electrode supplied to Mexico, with a 94% share of total imports. Moreover, carbon electrodes for furnaces exceeded the figures recorded for the second-largest type, carbon electrodes not for furnaces (97 tons), more than tenfold.

From June 2022 to June 2023, the average monthly rate of growth in terms of the volume of import of carbon electrodes for furnaces amounted to +4.0%.

In value terms, carbon electrodes for furnaces ($7.3M) constituted the largest type of carbon electrode supplied to Mexico, comprising 90% of total imports. The second position in the ranking was held by carbon electrodes not for furnaces ($822K), with a 10% share of total imports.

Mexico Carbon Electrode Imports by Country

In June 2023, China (1.5K tons) constituted the largest supplier of carbon electrode to Mexico, accounting for a 85% share of total imports. Moreover, carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, the United States (262 tons), sixfold.

From June 2022 to June 2023, the average monthly rate of growth in terms of volume from China amounted to +8.2%.

In value terms, China ($5.5M) constituted the largest supplier of carbon electrode to Mexico, comprising 68% of total imports. The second position in the ranking was taken by the United States ($2.3M), with a 29% share of total imports.

From June 2022 to June 2023, the average monthly rate of growth in terms of value from China stood at +5.7%.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the carbon electrode market in Mexico. 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
  • Prodcom 27901350 - Carbon electrodes (excluding for furnaces)

Country coverage:

  • Mexico

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Mexico
  • 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
  • Find deeper insights into current market developments
  • 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:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. 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. 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. 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. 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. 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. 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. 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. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. 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

  12. 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

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