Hong Kong SAR, China: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in Hong Kong SAR, China

The Hong Kong market for carbon electrodes not for furnaces dropped to $X in 2022, falling by X% against the previous year. Overall, consumption, however, continues to indicate a significant expansion. Carbon electrode not for furnaces consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Carbon Electrodes Not For Furnaces in Hong Kong SAR, China

In value terms, carbon electrode not for furnaces production contracted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. Carbon electrode not for furnaces production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Carbon Electrodes Not For Furnaces

Exports from Hong Kong SAR, China

In 2022, shipments abroad of carbon electrodes not for furnaces was finally on the rise to reach X tons after four years of decline. In general, exports continue to indicate a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode not for furnaces exports skyrocketed to $X in 2022. Over the period under review, exports showed a moderate expansion. The growth pace was the most rapid in 2013 with an increase of X%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for carbon electrode not for furnaces exports from Hong Kong SAR, with a X% share of total exports. Moreover, carbon electrode not for furnaces exports to China exceeded the volume sent to the second major destination, France (X kg), eightfold.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and the United States (X% per year).

In value terms, China ($X) remains the key foreign market for carbon electrodes not for furnaces exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by France ($X), with a X% share of total exports.

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

Export Prices by Country

The average export price for carbon electrodes not for furnaces stood at $X per ton in 2022, remaining stable against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States ($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 States (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Carbon Electrodes Not For Furnaces

Imports into Hong Kong SAR, China

In 2022, carbon electrode not for furnaces imports into Hong Kong SAR shrank notably to X kg, declining by X% against 2021. Over the period under review, imports saw a pronounced decline. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports reached the peak of X tons. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon electrode not for furnaces imports declined dramatically to $X in 2022. Overall, imports, however, enjoyed tangible growth. The most prominent rate of growth was recorded in 2013 with an increase of X% 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

In 2022, Japan (X kg) constituted the largest carbon electrode not for furnaces supplier to Hong Kong SAR, accounting for a X% share of total imports. Moreover, carbon electrode not for furnaces imports from Japan exceeded the figures recorded by the second-largest supplier, the United States (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

In value terms, Japan ($X) constituted the largest supplier of carbon electrodes not for furnaces to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and China (X% per year).

Import Prices by Country

In 2022, the average import price for carbon electrodes not for furnaces amounted to $X per ton, jumping by X% against the previous year. In general, the import price posted a buoyant expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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