ASEAN: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in ASEAN

In 2022, the ASEAN furnace carbon electrode market increased by X% to $X, rising for the second consecutive year after two years of decline. In general, consumption recorded a perceptible decline. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Furnace Carbon Electrode Production in ASEAN

In value terms, furnace carbon electrode production contracted markedly to $X in 2022 estimated in export price. Overall, production showed a slight descent. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Furnace Carbon Electrode Exports

Exports in ASEAN

In 2022, the amount of carbon electrodes for furnaces exported in ASEAN reduced notably to X tons, declining by X% against the year before. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, furnace carbon electrode exports fell notably to $X in 2022. Over the period under review, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, accounting for X tons, which was near X% of total exports in 2022. Singapore (X tons) held a minor share of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of carbon electrodes for furnaces. At the same time, Singapore (X%) displayed positive paces of growth. Moreover, Singapore emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of X% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest furnace carbon electrode supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Singapore ($X), with a X% share of total exports.

In Malaysia, furnace carbon electrode exports contracted by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The pace of growth appeared the most rapid in 2019 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Malaysia amounted to $X per ton.

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

Furnace Carbon Electrode Imports

Imports in ASEAN

In 2022, the amount of carbon electrodes for furnaces imported in ASEAN fell to X tons, reducing by X% on 2021 figures. In general, imports recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, furnace carbon electrode imports reached $X in 2022. Over the period under review, imports showed a noticeable descent. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of furnace carbon electrode imports in 2022 were Vietnam (X tons), Thailand (X tons) and Indonesia (X tons), together accounting for X% of total import. Malaysia (X tons) held the next position in the ranking, followed by the Philippines (X tons). All these countries together held near X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined X% share of total imports.

Among the main importing countries, Vietnam, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, growing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a 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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform