ASEAN: Carbon Electrode Market 2025

Carbon Electrode Market Size in ASEAN

In 2022, the ASEAN carbon electrode market increased by 8% to $X, rising for the second year in a row after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Electrode Production in ASEAN

In value terms, carbon electrode production shrank to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.8% against 2020 indices. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Carbon Electrode Exports

Exports in ASEAN

In 2022, approx. X tons of carbon electrodes were exported in ASEAN; dropping by -41.6% against 2021 figures. Overall, exports showed a mild shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 256% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode exports contracted dramatically to $X in 2022. In general, exports recorded a perceptible contraction. The growth pace was the most rapid in 2021 when exports increased by 189% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia prevails in exports structure, recording X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Indonesia (X tons), making up a 10% share of total exports. Singapore (X tons) took a minor share of total exports.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of carbon electrodes. Singapore (-1.4%) and Indonesia (-9.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia increased by +14 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest carbon electrode supplier in ASEAN, comprising 86% of total exports. The second position in the ranking was taken by Singapore ($X), with a 5.1% share of total exports.

In Malaysia, carbon electrode exports decreased by an average annual rate of -3.5% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Singapore (-2.8% per year) and Indonesia (-8.9% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2022, rising by 11% against the previous year. Over the period under review, the export price, however, continues to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by 36% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($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 (+1.0%), while the other leaders experienced a decline in the export price figures.

Carbon Electrode Imports

Imports in ASEAN

In 2022, the amount of carbon electrodes imported in ASEAN contracted to X tons, waning by -9.5% against 2021. Overall, imports recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 96%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, carbon electrode imports rose markedly to $X in 2022. Over the period under review, imports saw a mild curtailment. The growth pace was the most rapid in 2018 with an increase of 104% 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

Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) represented roughly 75% of total imports in 2022. It was distantly followed by Malaysia (X tons), the Philippines (X tons) and Singapore (X tons), together making up a 24% 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 Singapore (with a CAGR of +7.4%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Vietnam ($X), Indonesia ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 73% share of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further 27%.

In terms of the main importing countries, Singapore, with a CAGR of +2.6%, 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 more modest paces of growth.

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by 18% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth appeared the most rapid in 2017 when the import price increased by 45% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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 Philippines ($X per ton), while Vietnam ($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 Philippines (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform