Africa: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in Africa

In 2022, the African market for carbon electrodes not for furnaces increased by X% to $X, rising for the seventh consecutive year after three years of decline. In general, consumption recorded a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Production of Carbon Electrodes Not For Furnaces in Africa

In value terms, carbon electrode not for furnaces production expanded slightly to $X in 2022 estimated in export price. In general, production recorded significant growth. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum 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 Africa

After two years of growth, shipments abroad of carbon electrodes not for furnaces decreased by X% to X tons in 2022. In general, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon electrode not for furnaces exports declined dramatically to $X in 2022. Over the period under review, exports recorded a noticeable decrease. The pace of growth was the most pronounced in 2020 when exports increased by X% against the previous year. The level of export peaked at $X in 2021, and then declined sharply in the following year.

Exports by Country

Cameroon (X tons) and Egypt (X tons) represented the main exporters of carbon electrodes not for furnaces in 2022, finishing at near X% and X% of total exports, respectively. It was distantly followed by South Africa (X tons), mixing up a X% share of total exports. Nigeria (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Egypt (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Egypt ($X), South Africa ($X) and Cameroon ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Egypt, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in Africa amounted to $X per ton, waning by X% against the previous year. Overall, the export price, however, saw strong growth. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a lower figure.

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

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

Imports of Carbon Electrodes Not For Furnaces

Imports in Africa

In 2022, purchases abroad of carbon electrodes not for furnaces increased by X% to X tons, rising for the second year in a row after six years of decline. Over the period under review, imports, however, showed a mild contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, carbon electrode not for furnaces imports surged to $X in 2022. In general, imports, however, recorded a perceptible curtailment. The pace of growth appeared the most rapid in 2021 with an increase of X%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Egypt represented the key importer of carbon electrodes not for furnaces in Africa, with the volume of imports resulting at X tons, which was approx. X% of total imports in 2022. Mozambique (X tons) took the second position in the ranking, followed by Cameroon (X tons) and Ghana (X tons). All these countries together took approx. X% share of total imports. South Africa (X tons) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbon electrode not for furnaces imports into Egypt stood at X%. At the same time, Ghana (X%) displayed positive paces of growth. Moreover, Ghana emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Mozambique (X%), Cameroon (X%) and South Africa (X%) illustrated a downward trend over the same period. While the share of Egypt (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Mozambique (X p.p.), Cameroon (X p.p.) and South Africa (X p.p.) displayed negative dynamics.

In value terms, Egypt ($X), Mozambique ($X) and Cameroon ($X) were the countries with the highest levels of imports in 2022, with a combined X% share of total imports. South Africa and Ghana lagged somewhat behind, together comprising a further X%.

Ghana, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Africa stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the import price recorded a noticeable decrease. The pace of growth was the most pronounced 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 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 South Africa ($X per ton), while Egypt ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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