Overview of the Global Market for Articles Of Graphite Or Other Carbon For Electrical Purposes

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes

In 2022, the global carbon for electrical purposes market increased by 23% to $X, rising for the second year in a row after three years of decline. Over the period under review, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the global market remained at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes

In value terms, carbon for electrical purposes production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the production volume increased by 56%. Global production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports

Global carbon for electrical purposes exports reduced modestly to X tons in 2022, dropping by -4.5% compared with the year before. Overall, exports showed a deep downturn. The pace of growth was the most pronounced in 2021 when exports increased by 26% against the previous year. The global exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, carbon for electrical purposes exports expanded sharply to $X in 2022. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by 36% against the previous year. Over the period under review, the global exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons) and the United States (X tons) represented roughly 54% of total exports in 2022. South Korea (X tons) held a 10% share (based on physical terms) of total exports, which put it in second place, followed by Taiwan (Chinese) (7.8%) and India (5.8%). Japan (X tons), Germany (X tons), France (X tons), the UK (X tons) and Hong Kong SAR (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Hong Kong SAR (with a CAGR of +25.2%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest carbon for electrical purposes supplying countries worldwide were the United States ($X), China ($X) and Japan ($X), with a combined 66% share of global exports.

In terms of the main exporting countries, the United States, with a CAGR of +14.4%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbon for electrical purposes export price amounted to $X per ton, rising by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.8%. The pace of growth appeared the most rapid in 2018 an increase of 23%. The global export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while India ($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 (+13.6%), while the other global leaders experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports

In 2022, overseas purchases of articles of graphite or other carbon for electrical purposes increased by 26% to X tons, rising for the second year in a row after two years of decline. Overall, total imports indicated temperate growth from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +32.1% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by 70%. Over the period under review, global imports attained the maximum in 2022 and are likely to continue growth in the near future.

In value terms, carbon for electrical purposes imports soared to $X in 2022. In general, imports enjoyed a notable expansion. The pace of growth was the most pronounced in 2018 when imports increased by 69%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Norway was the major importing country with an import of around X tons, which reached 44% of total imports. Canada (X tons) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Australia (6.5%), the United States (5.4%) and India (5.4%). The following importers - Singapore (X tons), Russia (X tons), Spain (X tons) and South Africa (X tons) - together made up 13% of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbon for electrical purposes imports into Norway stood at +4.9%. At the same time, Australia (+44.0%), Canada (+26.6%), Singapore (+26.5%), South Africa (+15.6%) and India (+12.4%) displayed positive paces of growth. Moreover, Australia emerged as the fastest-growing importer imported in the world, with a CAGR of +44.0% from 2012-2022. Russia and Spain experienced a relatively flat trend pattern. By contrast, the United States (-12.0%) illustrated a downward trend over the same period. Canada (+12 p.p.), Norway (+9.6 p.p.), Australia (+6.3 p.p.), Singapore (+3.8 p.p.), India (+3.3 p.p.) and South Africa (+1.6 p.p.) significantly strengthened its position in terms of the global imports, while the United States saw its share reduced by -19.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X), India ($X) and Singapore ($X) were the countries with the highest levels of imports in 2022, together accounting for 36% of global imports. Canada, Spain, Australia, Norway, South Africa and Russia lagged somewhat behind, together accounting for a further 23%.

Australia, with a CAGR of +32.5%, 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 global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, falling by -2% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 an increase of 18%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+17.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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