GCC: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in GCC

The GCC furnace carbon electrode market shrank remarkably to $X in 2022, waning by X% against the previous year. Overall, consumption posted a slight increase. The level of consumption peaked at $X in 2021, and then dropped rapidly in the following year.

Furnace Carbon Electrode Production in GCC

In value terms, furnace carbon electrode production skyrocketed to $X in 2022 estimated in export price. In general, production posted prominent growth. The growth pace was the most rapid in 2019 when the production volume increased by X%. Over the period under review, production reached the maximum level in 2022 and is likely to continue growth in the near future.

Furnace Carbon Electrode Exports

Exports in GCC

In 2022, approx. X tons of carbon electrodes for furnaces were exported in GCC; waning by X% on 2021. In general, exports saw a precipitous shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, furnace carbon electrode exports shrank sharply to $X in 2022. Overall, exports saw a sharp curtailment. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Bahrain (X tons) and the United Arab Emirates (X tons) prevails in exports structure, together committing X% of total exports. It was distantly followed by Oman (X tons), comprising an X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Oman (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the largest furnace carbon electrode supplying countries in GCC were the United Arab Emirates ($X), Bahrain ($X) and Oman ($X), with a combined X% share of total exports.

Among the main exporting countries, Oman, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, with a decrease of X% against the previous year. In general, the export price, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 an increase of X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted dramatically in the following year.

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 Oman ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

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

Furnace Carbon Electrode Imports

Imports in GCC

Furnace carbon electrode imports contracted to X tons in 2022, falling by X% against the previous year's figure. Over the period under review, imports showed a perceptible setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, furnace carbon electrode imports skyrocketed to $X in 2022. Overall, imports saw a mild shrinkage. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X tons), distantly followed by Saudi Arabia (X tons), Oman (X tons), Qatar (X tons), Bahrain (X tons) and Kuwait (X tons) represented the main importers of carbon electrodes for furnaces, together mixing up X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Kuwait (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest furnace carbon electrode importing markets in GCC were the United Arab Emirates ($X), Saudi Arabia ($X) and Oman ($X), with a combined X% share of total imports. Qatar, Bahrain and Kuwait lagged somewhat behind, together comprising a further X%.

Kuwait, with a CAGR of X%, saw the highest growth rate of 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

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. Import price indicated slight growth 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. The pace of growth was the most pronounced in 2019 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform