Global Carbon Electrode Market 2025

Carbon Electrode Market Size

In 2022, the global carbon electrode market increased by 1.5% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the global market remained at a somewhat lower figure.

Carbon Electrode Production

In value terms, carbon electrode production declined slightly to $X in 2022 estimated in export price. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 40% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, global production growth remained at a lower figure.

Carbon Electrode Exports

Exports

In 2022, shipments abroad of carbon electrodes increased by 4.7% to X tons, rising for the second year in a row after two years of decline. Overall, total exports indicated noticeable growth from 2012 to 2022: its volume increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +27.5% against 2020 indices. The growth pace was the most rapid in 2018 with an increase of 55% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, carbon electrode exports skyrocketed to $X in 2022. Over the period under review, exports recorded a noticeable expansion. The most prominent rate of growth was recorded in 2018 with an increase of 135% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the global exports remained at a lower figure.

Exports by Country

China dominates exports structure, recording X tons, which was near 71% of total exports in 2022. It was distantly followed by Norway (X tons) and the Netherlands (X tons), together mixing up a 13% share of total exports. Iceland (X tons), Spain (X tons), Poland (X tons) and France (X tons) took a little share of total exports.

Exports from China increased at an average annual rate of +5.6% from 2012 to 2022. At the same time, the Netherlands (+27.3%), Iceland (+20.4%), Poland (+7.2%), Norway (+4.5%) and France (+1.2%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.3% from 2012-2022. Spain experienced a relatively flat trend pattern. While the share of China (+10 p.p.), the Netherlands (+4 p.p.) and Iceland (+1.9 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest carbon electrode supplier worldwide, comprising 56% of global exports. The second position in the ranking was taken by Spain ($X), with an 8.1% share of global exports. It was followed by France, with a 6.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at +9.8%. In the other countries, the average annual rates were as follows: Spain (+2.9% per year) and France (+5.6% per year).

Export Prices by Country

The average carbon electrode export price stood at $X per ton in 2022, surging by 10% against the previous year. In general, the export price, however, recorded a slight setback. The most prominent rate of growth was recorded in 2018 an increase of 52% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($X per ton), while Norway ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+4.3%), while the other global leaders experienced more modest paces of growth.

Carbon Electrode Imports

Imports

In 2022, overseas purchases of carbon electrodes increased by 12% to X tons, rising for the second consecutive year after two years of decline. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +23.0% against 2020 indices. The growth pace was the most rapid in 2018 when imports increased by 58% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of global imports failed to regain momentum.

In value terms, carbon electrode imports soared to $X in 2022. Over the period under review, imports recorded a measured expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 144%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of global imports failed to regain momentum.

Imports by Country

The countries with the highest levels of carbon electrode imports in 2022 were Iceland (X tons), Norway (X tons), the United Arab Emirates (X tons), Russia (X tons), Iran (X tons), the United States (X tons), Sweden (X tons), Canada (X tons), India (X tons), Turkey (X tons), Germany (X tons) and Bahrain (X tons), together recording 77% of total import. Italy (X tons) held a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Bahrain (with a CAGR of +27.4%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the largest carbon electrode importing markets worldwide were Iran ($X), Canada ($X) and Iceland ($X), together comprising 28% of global imports. The United Arab Emirates, Norway, the United States, Russia, Turkey, Italy, Germany, India, Sweden and Bahrain lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Bahrain, with a CAGR of +20.0%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbon electrode import price amounted to $X per ton, growing by 3.1% against the previous year. Overall, import price indicated noticeable growth from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode import price increased by +12.5% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of 54% against the previous year. Global import price peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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