Latin America and the Caribbean: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in Latin America and the Caribbean

In 2022, the Latin American market for carbon electrodes not for furnaces increased by X% to $X, rising for the seventh year in a row after three years of decline. Over the period under review, consumption saw significant growth. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the near future.

Production of Carbon Electrodes Not For Furnaces in Latin America and the Caribbean

In value terms, carbon electrode not for furnaces production expanded markedly to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Exports of Carbon Electrodes Not For Furnaces

Exports in Latin America and the Caribbean

In 2022, the amount of carbon electrodes not for furnaces exported in Latin America and the Caribbean expanded modestly to X tons, growing by X% compared with 2021. In general, exports showed a prominent increase. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon electrode not for furnaces exports rose rapidly to $X in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

The Dominican Republic prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. Brazil (X tons) took a little share of total exports.

The Dominican Republic was also the fastest-growing in terms of the carbon electrodes not for furnaces exports, with a CAGR of X% from 2012 to 2022. At the same time, Brazil (X%) displayed positive paces of growth. While the share of the Dominican Republic (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Brazil (X p.p.) displayed negative dynamics.

In value terms, the Dominican Republic ($X) remains the largest carbon electrode not for furnaces supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Brazil ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the Dominican Republic amounted to X%.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the export price saw significant growth. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of export peaked in 2022 and is likely to see steady 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 Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Dominican Republic (X%).

Imports of Carbon Electrodes Not For Furnaces

Imports in Latin America and the Caribbean

In 2022, purchases abroad of carbon electrodes not for furnaces increased by X% to X tons, rising for the third consecutive year after two years of decline. In general, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.

In value terms, carbon electrode not for furnaces imports skyrocketed to $X in 2022. Over the period under review, imports showed a tangible increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, Brazil (X tons) was the main importer of carbon electrodes not for furnaces, achieving X% of total imports. Venezuela (X tons) ranks second in terms of the total imports with a X% share, followed by Argentina (X%) and Mexico (X%).

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Venezuela (X%) and Mexico (X%) displayed positive paces of growth. Moreover, Venezuela emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) illustrated a downward trend over the same period. While the share of Venezuela (X p.p.), Brazil (X p.p.) and Mexico (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Argentina (X p.p.) displayed negative dynamics.

In value terms, Brazil ($X) constitutes the largest market for imported carbon electrodes not for furnaces in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Mexico ($X), with an X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Brazil stood at X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Argentina (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2019 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat 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 Mexico ($X per ton), while Venezuela ($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 (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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