Eastern Asia: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Eastern Asia

The East Asian carbon for electrical purposes market contracted to $X in 2022, falling by -5.6% against the previous year. Over the period under review, consumption, however, continues to indicate a perceptible contraction. Over the period under review, the market hit record highs at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Eastern Asia

In value terms, carbon for electrical purposes production declined to $X in 2022 estimated in export price. In general, production saw a perceptible descent. The growth pace was the most rapid in 2014 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports in Eastern Asia

In 2022, approx. X tons of articles of graphite or other carbon for electrical purposes were exported in Eastern Asia; waning by -14.8% compared with the previous year's figure. Overall, exports continue to indicate a pronounced contraction. The pace of growth was the most pronounced in 2021 with an increase of 43%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports expanded slightly to $X in 2022. Over the period under review, exports, however, saw modest growth. The most prominent rate of growth was recorded in 2021 with an increase of 106% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China represented the key exporter of articles of graphite or other carbon for electrical purposes in Eastern Asia, with the volume of exports resulting at X tons, which was near 57% of total exports in 2022. South Korea (X tons) held an 18% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (14%) and Japan (7.7%). Hong Kong SAR (X tons) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbon for electrical purposes exports from China stood at -5.9%. At the same time, Hong Kong SAR (+25.2%), South Korea (+13.7%) and Japan (+5.8%) displayed positive paces of growth. Moreover, Hong Kong SAR emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +25.2% from 2012-2022. By contrast, Taiwan (Chinese) (-7.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Japan and Hong Kong SAR increased by +15, +4.7 and +3 percentage points, respectively.

In value terms, the largest carbon for electrical purposes supplying countries in Eastern Asia were China ($X), Japan ($X) and South Korea ($X), together accounting for 91% of total exports. Hong Kong SAR and Taiwan (Chinese) lagged somewhat behind, together comprising a further 8.8%.

Among the main exporting countries, Hong Kong SAR, with a CAGR of +12.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, rising by 23% against the previous year. Export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon for electrical purposes export price increased by +76.5% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 44%. Over the period under review, the export prices reached the peak figure in 2022 and is likely to see steady growth in the immediate term.

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 Japan ($X per ton), while Taiwan (Chinese) ($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 (+13.6%), while the other leaders experienced mixed trends in the export price figures.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports in Eastern Asia

In 2022, carbon for electrical purposes imports in Eastern Asia reduced to X tons, declining by -7.1% on the year before. In general, imports continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 29% against the previous year. 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, carbon for electrical purposes imports dropped slightly to $X in 2022. Total imports indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +84.0% against 2016 indices. The pace of growth was the most pronounced in 2018 with an increase of 28% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then fell modestly in the following year.

Imports by Country

China represented the main importing country with an import of around X tons, which amounted to 66% of total imports. South Korea (X tons) ranks second in terms of the total imports with a 14% share, followed by Japan (10%) and Taiwan (Chinese) (8.5%).

Imports into China decreased at an average annual rate of -1.6% from 2012 to 2022. At the same time, Taiwan (Chinese) (+6.2%) and South Korea (+3.0%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +6.2% from 2012-2022. By contrast, Japan (-3.9%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea and Taiwan (Chinese) increased by +4.8 and +4.3 percentage points, respectively.

In value terms, the largest carbon for electrical purposes importing markets in Eastern Asia were South Korea ($X), China ($X) and Japan ($X), with a combined 90% share of total imports.

Among the main importing countries, Japan, with a CAGR of +5.1%, 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

The import price in Eastern Asia stood at $X per ton in 2022, increasing by 6.6% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon for electrical purposes import price increased by +83.7% against 2016 indices. The most prominent rate of growth was recorded in 2020 an increase of 38%. The level of import peaked in 2022 and is likely to continue 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 South Korea ($X per ton), while China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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