Latin America and the Caribbean: Carbon Electrode Market 2025

Carbon Electrode Market Size in Latin America and the Caribbean

In 2022, the Latin American carbon electrode market increased by 16% to $X, rising for the second consecutive year after two years of decline. In general, consumption, however, recorded a relatively flat trend pattern. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Carbon Electrode Production in Latin America and the Caribbean

In value terms, carbon electrode production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbon Electrode Exports

Exports in Latin America and the Caribbean

In 2022, approx. X tons of carbon electrodes were exported in Latin America and the Caribbean; which is down by -96.5% on the previous year's figure. In general, exports saw a precipitous descent. The pace of growth was the most pronounced in 2021 with an increase of 102%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode exports shrank significantly to $X in 2022. Overall, exports continue to indicate a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 88%. The level of export peaked at $X in 2021, and then fell significantly in the following year.

Exports by Country

Mexico was the main exporting country with an export of around X tons, which accounted for 43% of total exports. It was distantly followed by Brazil (X tons), the Dominican Republic (X tons) and Ecuador (X tons), together creating a 52% share of total exports. The following exporters - Peru (X tons) and Chile (X tons) - each reached a 4.4% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +201.0%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the Dominican Republic ($X) emerged as the largest carbon electrode supplier in Latin America and the Caribbean, comprising 91% of total exports. The second position in the ranking was held by Mexico ($X), with a 4.3% share of total exports. It was followed by Brazil, with a 3.2% share.

In the Dominican Republic, carbon electrode exports increased at an average annual rate of +335.4% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Mexico (-30.6% per year) and Brazil (-17.3% per year).

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, increasing by 653% against the previous year. In general, the export price showed a significant increase. As a result, the export 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 suppliers, the country with the highest price was the Dominican Republic ($X per ton), while Ecuador ($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 Dominican Republic (+44.6%), while the other leaders experienced more modest paces of growth.

Carbon Electrode Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of carbon electrodes increased by 1.6% to X tons, rising for the second year in a row after two years of decline. In general, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 171%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon electrode imports surged to $X in 2022. Overall, imports enjoyed slight growth. The pace of growth appeared the most rapid in 2018 with an increase of 237% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Brazil was the largest importing country with an import of around X tons, which finished at 41% of total imports. Mexico (X tons) ranks second in terms of the total imports with a 24% share, followed by Argentina (12%) and Venezuela (4.9%). Colombia (X tons), Peru (X tons), Ecuador (X tons) and the Dominican Republic (X tons) took a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Dominican Republic (with a CAGR of +8.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon electrode importing markets in Latin America and the Caribbean were Brazil ($X), Mexico ($X) and Argentina ($X), together accounting for 79% of total imports. Colombia, Venezuela, the Dominican Republic, Peru and Ecuador lagged somewhat behind, together accounting for a further 14%.

Among the main importing countries, the Dominican Republic, with a CAGR of +8.8%, saw the highest growth rate of the value of imports, 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 Latin America and the Caribbean amounted to $X per ton, surging by 19% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 24% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

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 Mexico ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+3.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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