ECOWAS: Market for Carbon Electrodes Not For Furnaces 2025

Market Size for Carbon Electrodes Not For Furnaces in ECOWAS

The ECOWAS market for carbon electrodes not for furnaces totaled $X in 2022, growing by X% against the previous year. Overall, consumption, however, enjoyed a significant increase. The level of consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Carbon Electrodes Not For Furnaces in ECOWAS

In value terms, carbon electrode not for furnaces production rose modestly to $X in 2022 estimated in export price. Overall, production, however, saw significant growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Carbon Electrodes Not For Furnaces

Exports in ECOWAS

Carbon electrode not for furnaces exports expanded to X tons in 2022, increasing by X% on 2021 figures. Over the period under review, exports posted a notable increase. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, carbon electrode not for furnaces exports reached $X in 2022. Overall, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Nigeria prevails in exports structure, finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X kg), comprising a X% share of total exports.

Nigeria was also the fastest-growing in terms of the carbon electrodes not for furnaces exports, with a CAGR of X% from 2012 to 2022. Ghana (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Ghana saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Nigeria ($X) remains the largest carbon electrode not for furnaces supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Nigeria stood at X%.

Export Prices by Country

The export price in ECOWAS stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, the export price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2013; however, from 2014 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 Ghana ($X per ton), while Nigeria stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%).

Imports of Carbon Electrodes Not For Furnaces

Imports in ECOWAS

In 2022, imports of carbon electrodes not for furnaces in ECOWAS declined rapidly to X tons, shrinking by X% on the previous year. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, carbon electrode not for furnaces imports declined sharply to $X in 2022. Over the period under review, imports continue to indicate a abrupt descent. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Ghana represented the major importing country with an import of around X tons, which resulted at X% of total imports. Niger (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Nigeria (X%).

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Niger (X%) displayed positive paces of growth. Moreover, Niger emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. Ghana (X p.p.) and Niger (X p.p.) significantly strengthened its position in terms of the total imports, while Nigeria saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ghana ($X) constitutes the largest market for imported carbon electrodes not for furnaces in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Niger ($X), with a X% share of total imports.

In Ghana, carbon electrode not for furnaces imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Niger (X% per year) and Nigeria (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per ton, which is down by X% against the previous year. Import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode not for furnaces import price increased by X% against 2020 indices. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

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

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

Source: IndexBox Platform