Hong Kong SAR, China: Carbon Electrode Market 2025

Carbon Electrode Market Size in Hong Kong SAR, China

In 2022, the Hong Kong carbon electrode market increased by 0.9% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Electrode Production in Hong Kong SAR, China

In value terms, carbon electrode production shrank slightly to $X in 2022 estimated in export price. Overall, production recorded a noticeable downturn. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Carbon Electrode Exports

Exports from Hong Kong SAR, China

Carbon electrode exports from Hong Kong SAR shrank markedly to X tons in 2022, reducing by -96.1% compared with the previous year. Over the period under review, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2017 with an increase of 694% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode exports reduced remarkably to $X in 2022. In general, exports continue to indicate a precipitous descent. The growth pace was the most rapid in 2013 when exports increased by 568%. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for carbon electrode exports from Hong Kong SAR, with a 60% share of total exports. Moreover, carbon electrode exports to China exceeded the volume sent to the second major destination, Brazil (X tons), twofold. France (X kg) ranked third in terms of total exports with a 7.8% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to +9.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (-66.8% per year) and France (-6.4% per year).

In value terms, China ($X) emerged as the key foreign market for carbon electrodes exports from Hong Kong SAR, comprising 89% of total exports. The second position in the ranking was taken by France ($X), with a 6.6% share of total exports. It was followed by the United States, with a 2.2% share.

From 2012 to 2022, the average annual growth rate of value to China totaled +11.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-10.4% per year) and the United States (-1.0% per year).

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, rising by 1,071% against the previous year. In general, the export price enjoyed a significant expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Brazil ($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 Thailand (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Electrode Imports

Imports into Hong Kong SAR, China

Carbon electrode imports into Hong Kong SAR declined dramatically to X tons in 2022, shrinking by -46.3% against 2021. Overall, imports recorded a noticeable shrinkage. The pace of growth was the most pronounced in 2013 when imports increased by 1,097%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon electrode imports reduced markedly to $X in 2022. Over the period under review, imports, however, continue to indicate a modest increase. The most prominent rate of growth was recorded in 2013 when imports increased by 7,909% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Singapore (X tons), the United States (X tons) and Sweden (X tons) were the main suppliers of carbon electrode imports to Hong Kong SAR, together comprising 94% of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +63.8%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of carbon electrodes to Hong Kong SAR, comprising 76% of total imports. The second position in the ranking was taken by the United States ($X), with a 13% share of total imports. It was followed by Singapore, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value from Japan amounted to +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.3% per year) and Singapore (-2.7% per year).

Import Prices by Country

In 2022, the average carbon electrode import price amounted to $X per ton, reducing by -61.4% against the previous year. Over the period under review, the import price, however, showed a pronounced increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 569%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a 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 Japan ($X per ton), while the price for Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (+73.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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