Ecuador: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Ecuador

The Ecuadorian furnace carbon electrode market shrank notably to $X in 2022, declining by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption, however, continues to indicate prominent growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from Ecuador

In 2022, shipments abroad of carbon electrodes for furnaces was finally on the rise to reach X tons after two years of decline. In general, exports, however, continue to indicate a abrupt descent. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, furnace carbon electrode exports surged to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Colombia (X tons) was the main destination for furnace carbon electrode exports from Ecuador, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Colombia amounted to X%.

In value terms, Colombia ($X) emerged as the key foreign market for carbon electrodes for furnaces exports from Ecuador.

From 2012 to 2022, the average annual rate of growth in terms of value to Colombia amounted to X%.

Export Prices by Country

The average furnace carbon electrode export price stood at $X per ton in 2022, rising by X% against the previous year. Over the period under review, the export price, however, saw a drastic downturn. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Colombia.

From 2012 to 2022, the rate of growth in terms of prices for Colombia amounted to X% per year.

Furnace Carbon Electrode Imports

Imports into Ecuador

In 2022, imports of carbon electrodes for furnaces into Ecuador declined sharply to X tons, with a decrease of X% against the previous year's figure. Over the period under review, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, furnace carbon electrode imports reduced remarkably to $X in 2022. In general, imports, however, saw a resilient expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of furnace carbon electrode to Ecuador, accounting for a X% share of total imports. Moreover, furnace carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, Mexico (X tons), threefold. The third position in this ranking was held by Austria (X tons), with an X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Mexico (X% per year) and Austria (X% per year).

In value terms, China ($X), Mexico ($X) and Austria ($X) were the largest furnace carbon electrode suppliers to Ecuador, together accounting for X% of total imports.

Mexico, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average furnace carbon electrode import price stood at $X per ton in 2022, falling by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 an increase of X%. The import price peaked at $X per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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