Eastern Asia: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in Eastern Asia

The East Asian graphite non-electrical articles market skyrocketed to $X in 2022, surging by 16% against the previous year. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Graphite Non-Electrical Articles Production in Eastern Asia

In value terms, graphite non-electrical articles production stood at $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of 26%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in years to come.

Graphite Non-Electrical Articles Exports

Exports in Eastern Asia

In 2022, approx. X tons of non-electrical articles of graphite or other carbon were exported in Eastern Asia; reducing by -23.1% compared with the year before. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 24%. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, graphite non-electrical articles exports declined to $X in 2022. The total export value increased at an average annual rate of +1.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X, and then dropped in the following year.

Exports by Country

In 2022, Japan (X tons) was the major exporter of non-electrical articles of graphite or other carbon, achieving 67% of total exports. It was distantly followed by South Korea (X tons), committing a 28% share of total exports. Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

Japan experienced a relatively flat trend pattern with regard to volume of exports of non-electrical articles of graphite or other carbon. At the same time, Taiwan (Chinese) (+40.1%) and South Korea (+16.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +40.1% from 2012-2022. By contrast, Hong Kong SAR (-7.5%) illustrated a downward trend over the same period. While the share of South Korea (+21 p.p.) and Taiwan (Chinese) (+3.2 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Hong Kong SAR (-2.2 p.p.) and Japan (-9.5 p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest graphite non-electrical articles supplier in Eastern Asia, comprising 74% of total exports. The second position in the ranking was taken by South Korea ($X), with a 20% share of total exports. It was followed by Taiwan (Chinese), with a 4.9% share.

From 2012 to 2022, the average annual growth rate of value in Japan was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+12.2% per year) and Taiwan (Chinese) (+30.8% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2022, with an increase of 11% against the previous year. Overall, the export price continues to indicate a slight expansion. The level of export peaked at $X per ton in 2014; however, from 2015 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 Taiwan (Chinese) ($X per ton), while Hong Kong SAR ($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 (+0.9%), while the other leaders experienced a decline in the export price figures.

Graphite Non-Electrical Articles Imports

Imports in Eastern Asia

In 2022, imports of non-electrical articles of graphite or other carbon in Eastern Asia fell slightly to X tons, waning by -2.3% compared with 2021 figures. Over the period under review, imports saw a noticeable decline. The growth pace was the most rapid in 2013 with an increase of 26%. The volume of import peaked at X tons in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles imports reduced to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 14% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons) and Japan (X tons) were the major importers of non-electrical articles of graphite or other carbon in 2022, resulting at near 40% and 30% of total imports, respectively. Taiwan (Chinese) (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by China (9.6%) and Hong Kong SAR (7%).

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of +11.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest graphite non-electrical articles importing markets in Eastern Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 76% of total imports. Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 24%.

Taiwan (Chinese), with a CAGR of +13.5%, saw the highest rates of growth with regard to the value of imports, among 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 Eastern Asia stood at $X per ton in 2022, stabilizing at the previous year. Import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, graphite non-electrical articles import price increased by +59.6% against 2017 indices. The pace of growth was the most pronounced in 2018 when the import price increased by 28%. The level of import peaked in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while South Korea ($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 (+16.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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