CIS: Carbon Electrode Market 2025

Carbon Electrode Market Size in CIS

The CIS carbon electrode market shrank to $X in 2022, reducing by -7.9% against the previous year. Overall, consumption enjoyed a noticeable increase. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Carbon Electrode Production in CIS

In value terms, carbon electrode production contracted sharply to $X in 2022 estimated in export price. Overall, production saw a tangible expansion. The pace of growth appeared the most rapid in 2018 when the production volume increased by 126%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Carbon Electrode Exports

Exports in CIS

Carbon electrode exports reduced to X tons in 2022, with a decrease of -11.4% compared with the year before. In general, exports showed a perceptible decline. The most prominent rate of growth was recorded in 2014 with an increase of 97%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode exports contracted to $X in 2022. Over the period under review, exports saw a noticeable downturn. The pace of growth appeared the most rapid in 2018 when exports increased by 121% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, finishing at X tons, which was near 95% of total exports in 2022. The following exporters - Azerbaijan (X tons) and Kazakhstan (X tons) - each recorded a 4.4% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbon electrode exports from Russia stood at -3.9%. At the same time, Azerbaijan (+190.0%) and Kazakhstan (+59.8%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +190.0% from 2012-2022. While the share of Azerbaijan (+2.4 p.p.) and Kazakhstan (+2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-4.6 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest carbon electrode supplier in the CIS, comprising 99% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a 0.5% share of total exports.

In Russia, carbon electrode exports contracted by an average annual rate of -3.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+45.3% per year) and Azerbaijan (+41.6% per year).

Export Prices by Country

The export price in the CIS stood at $X per ton in 2022, approximately reflecting the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 63%. Over the period under review, the export prices hit record highs 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 Russia ($X per ton), while Azerbaijan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+0.2%), while the other leaders experienced a decline in the export price figures.

Carbon Electrode Imports

Imports in CIS

In 2022, supplies from abroad of carbon electrodes increased by 5.7% to X tons, rising for the second year in a row after two years of decline. Overall, imports, however, saw a pronounced curtailment. The growth pace was the most rapid in 2017 with an increase of 30%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, carbon electrode imports amounted to $X in 2022. In general, imports enjoyed a modest increase. The pace of growth was the most pronounced in 2017 when imports increased by 110% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Russia was the main importer of carbon electrodes in the CIS, with the volume of imports amounting to X tons, which was near 77% of total imports in 2022. Azerbaijan (X tons) ranks second in terms of the total imports with a 10% share, followed by Kazakhstan (10%).

Russia experienced a relatively flat trend pattern with regard to volume of imports of carbon electrodes. At the same time, Azerbaijan (+29.1%) displayed positive paces of growth. Moreover, Azerbaijan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +29.1% from 2012-2022. By contrast, Kazakhstan (-14.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Russia and Azerbaijan increased by +16 and +9.7 percentage points, respectively.

In value terms, Russia ($X) constitutes the largest market for imported carbon electrodes in the CIS, comprising 68% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +1.2%. In the other countries, the average annual rates were as follows: Kazakhstan (-1.9% per year) and Azerbaijan (+23.6% per year).

Import Prices by Country

The import price in the CIS stood at $X per ton in 2022, therefore, remained relatively stable against the previous year. In general, the import price, however, recorded a perceptible increase. The pace of growth appeared the most rapid in 2017 when the import price increased by 61% against the previous year. The level of import peaked at $X per ton in 2018; however, from 2019 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 Kazakhstan ($X per ton), while Azerbaijan ($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 mixed trends in the import price figures.

Source: IndexBox Platform

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