Egypt: Carbon Electrode Market 2024

Carbon Electrode Market Size in Egypt

In 2022, after three years of decline, there was significant growth in the Egyptian carbon electrode market, when its value increased by 16% to $X. Overall, consumption enjoyed buoyant growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Electrode Production in Egypt

In value terms, carbon electrode production expanded sharply to $X in 2022 estimated in export price. In general, production enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 when the production volume increased by 45% against the previous year. As a result, production attained the peak level of $X. From 2021 to 2022, production growth remained at a lower figure.

Carbon Electrode Exports

Exports from Egypt

After three years of growth, shipments abroad of carbon electrodes decreased by -79.5% to X tons in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 176% against the previous year. As a result, the exports reached the peak of X tons, and then fell rapidly in the following year.

In value terms, carbon electrode exports declined remarkably to $X in 2022. In general, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by 263%. As a result, the exports reached the peak of $X, and then shrank significantly in the following year.

Exports by Country

The United Arab Emirates (X tons) was the main destination for carbon electrode exports from Egypt, accounting for a 66% share of total exports. Moreover, carbon electrode exports to the United Arab Emirates exceeded the volume sent to the second major destination, Sudan (X tons), threefold. The third position in this ranking was taken by Belgium (X tons), with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -86.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+176.0% per year) and Belgium (0.0% per year).

In value terms, the United Arab Emirates ($X) remains the key foreign market for carbon electrodes exports from Egypt, comprising 70% of total exports. The second position in the ranking was held by Sudan ($X), with a 24% share of total exports. It was followed by Belgium, with a 4.2% share.

From 2012 to 2022, the average annual growth rate of value to the United Arab Emirates stood at -82.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sudan (+199.3% per year) and Belgium (0.0% per year).

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, picking up by 22% against the previous year. In general, the export price posted a strong expansion. The most prominent rate of growth was recorded in 2021 an increase of 32% against the previous year. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+28.7%), while the prices for the other major destinations experienced mixed trend patterns.

Carbon Electrode Imports

Imports into Egypt

In 2022, supplies from abroad of carbon electrodes increased by 21% to X tons, rising for the second consecutive year after two years of decline. In general, imports showed a measured expansion. The most prominent rate of growth was recorded in 2018 with an increase of 276% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, carbon electrode imports soared to $X in 2022. Over the period under review, imports recorded a modest expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 341%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), India (X tons) and Spain (X tons) were the main suppliers of carbon electrode imports to Egypt, with a combined 82% share of total imports. Germany, Austria, Indonesia and France lagged somewhat behind, together comprising a further 17%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of +38.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon electrode suppliers to Egypt were China ($X), India ($X) and Spain ($X), together comprising 83% of total imports.

China, with a CAGR of +31.4%, saw the highest rates of growth with regard to 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 carbon electrode import price stood at $X per ton in 2022, increasing by 34% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 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 Germany ($X per ton), while the price for Indonesia ($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 (+3.8%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :