Asia-Pacific: Carbon Electrode Market 2024

Carbon Electrode Market Size in Asia-Pacific

In 2022, the Asia-Pacific carbon electrode market decreased by -3.9% to $X, falling for the third year in a row after three years of growth. In general, consumption showed a noticeable descent. As a result, consumption attained the peak level of $X. From 2020 to 2022, the growth of the market remained at a lower figure.

Carbon Electrode Production in Asia-Pacific

In value terms, carbon electrode production contracted slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the production volume increased by 38%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Carbon Electrode Exports

Exports in Asia-Pacific

Carbon electrode exports rose markedly to X tons in 2022, picking up by 6.1% on the previous year's figure. Overall, exports continue to indicate pronounced growth. The most prominent rate of growth was recorded in 2018 when exports increased by 64% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, carbon electrode exports soared to $X in 2022. In general, exports saw resilient growth. The most prominent rate of growth was recorded in 2018 with an increase of 143%. 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 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 finished at 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. While the share of China (+8.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of India (-1.5 p.p.) and Japan (-6.2 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest carbon electrode supplier in Asia-Pacific, comprising 86% of total exports. The second position in the ranking was taken by India ($X), with a 6.8% share of total exports.

In China, carbon electrode exports increased at an average annual rate of +9.8% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: India (+0.1% per year) and Japan (-10.4% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, surging by 31% against the previous year. In general, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the export price increased by 48%. The level of export peaked at $X per ton in 2019; however, from 2020 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 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-Pacific

In 2022, overseas purchases of carbon electrodes increased by 7.5% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, showed a pronounced setback. The most prominent rate of growth was recorded in 2018 when imports increased by 99% against the previous year. As a result, imports attained 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 to $X in 2022. Over the period under review, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2018 when imports increased by 153%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, India (X tons), distantly followed by South Korea (X tons), Taiwan (Chinese) (X tons), Japan (X tons), Vietnam (X tons), Australia (X tons) and Thailand (X tons) represented the key importers of carbon electrodes, together making up 86% 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 Japan (with a CAGR of +1.0%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest carbon electrode importing markets in Asia-Pacific were South Korea ($X), India ($X) and Japan ($X), together accounting for 55% of total imports.

In terms of the main importing countries, Japan, 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 mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2022, waning by -5.4% against the previous year. Import price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 -22.0% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 28%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+3.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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