Asia: Carbon Electrode Market 2024

Carbon Electrode Market Size in Asia

The Asian carbon electrode market was finally on the rise to reach $X in 2022, after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Carbon Electrode Production in Asia

In value terms, carbon electrode production contracted to $X in 2022 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 33%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Carbon Electrode Exports

Exports in Asia

In 2022, overseas shipments of carbon electrodes increased by 6.3% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, exports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 65%. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, carbon electrode exports skyrocketed to $X in 2022. Overall, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2018 with an increase of 142% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, finishing at X tons, which was approx. 95% of total exports in 2022. The following exporters - India (X tons) and Japan (X tons) - each reached a 4.2% share of total exports.

China was also the fastest-growing in terms of the carbon electrodes exports, with a CAGR of +5.6% from 2012 to 2022. India experienced a relatively flat trend pattern. Japan (-9.7%) illustrated a downward trend over the same period. China (+8.2 p.p.) significantly strengthened its position in terms of the total exports, while India and Japan saw its share reduced by -1.5% and -6.2% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest carbon electrode supplier in Asia, comprising 86% of total exports. The second position in the ranking was taken by India ($X), with a 6.7% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in China totaled +9.8%. In the other countries, the average annual rates were as follows: India (+0.1% per year) and Japan (-10.4% per year).

Export Prices by Country

In 2022, the export price in Asia amounted to $X per ton, surging by 30% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the export price increased by 46%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the export prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.0%), while the other leaders experienced mixed trends in the export price figures.

Carbon Electrode Imports

Imports in Asia

In 2022, supplies from abroad of carbon electrodes increased by 20% to X tons, rising for the second year in a row after two years of decline. Overall, imports posted a pronounced expansion. The growth pace was the most rapid in 2018 with an increase of 84%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon electrode imports expanded remarkably to $X in 2022. Over the period under review, imports showed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 165% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X tons, which recorded 36% of total imports. Iran (X tons) ranks second in terms of the total imports with a 19% share, followed by India (6.5%), Turkey (6%) and Bahrain (5.3%). South Korea (X tons), Azerbaijan (X tons), Kazakhstan (X tons), Taiwan (Chinese) (X tons) and Japan (X tons) held a relatively small 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 Azerbaijan (with a CAGR of +29.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon electrode importing markets in Asia were Iran ($X), the United Arab Emirates ($X) and Turkey ($X), together comprising 60% of total imports. South Korea, India, Japan, Kazakhstan, Bahrain, Taiwan (Chinese) and Azerbaijan lagged somewhat behind, together accounting for a further 27%.

Azerbaijan, with a CAGR of +23.6%, recorded 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 more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, shrinking by -8.1% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode import price decreased by -23.5% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 44%. 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 South Korea ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+14.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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