Asia: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in Asia

The Asian furnace carbon electrode market dropped to $X in 2022, reducing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X, and then shrank in the following year.

Furnace Carbon Electrode Production in Asia

In value terms, furnace carbon electrode production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports in Asia

In 2022, approx. X tons of carbon electrodes for furnaces were exported in Asia; reducing by X% on 2021 figures. In general, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, furnace carbon electrode exports rose notably to $X in 2022. Overall, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China represented the major exporter of carbon electrodes for furnaces in Asia, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by India (X tons) and Japan (X tons), together achieving a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

China was also the fastest-growing in terms of the carbon electrodes for furnaces exports, with a CAGR of X% from 2012 to 2022. Malaysia and India experienced a relatively flat trend pattern. Japan (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest furnace carbon electrode supplier in Asia, comprising X% of total exports. The second position in the ranking was held by India ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, furnace carbon electrode exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in India ($X per ton) and Japan ($X per ton), while China ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Furnace Carbon Electrode Imports

Imports in Asia

Furnace carbon electrode imports shrank modestly to X tons in 2022, reducing by X% against the year before. Over the period under review, imports, however, saw moderate growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. 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 totaled $X in 2022. Overall, imports, however, showed a pronounced expansion. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iran was the major importer of carbon electrodes for furnaces in Asia, with the volume of imports amounting to X tons, which was near X% of total imports in 2022. It was distantly followed by Turkey (X tons), South Korea (X tons), Taiwan (Chinese) (X tons) and Japan (X tons), together generating a X% share of total imports. The following importers - Kazakhstan (X tons), Vietnam (X tons), the United Arab Emirates (X tons), Thailand (X tons), India (X tons), Indonesia (X tons) and Saudi Arabia (X tons) - together made up X% of total imports.

Iran was also the fastest-growing in terms of the carbon electrodes for furnaces imports, with a CAGR of X% from 2012 to 2022. At the same time, Kazakhstan (X%), Japan (X%) and Turkey (X%) displayed positive paces of growth. Taiwan (Chinese) experienced a relatively flat trend pattern. By contrast, Vietnam (X%), the United Arab Emirates (X%), Thailand (X%), South Korea (X%), Indonesia (X%), India (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Iran (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Indonesia, Thailand, Turkey, India, Saudi Arabia and South Korea saw its share reduced by X%, X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported carbon electrodes for furnaces in Asia, comprising X% of total imports. The second position in the ranking was taken by Turkey ($X), with a X% share of total imports. It was followed by South Korea, with a X% share.

In Iran, furnace carbon electrode imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and South Korea (X% per year).

Import Prices by Country

In 2022, the import price in Asia amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, furnace carbon electrode import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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 Iran ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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