MENA: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

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

The MENA's carbon for electrical purposes market fell notably to $X in 2022, declining by -23.9% against the previous year. Overall, consumption recorded a perceptible downturn. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in MENA

In value terms, carbon for electrical purposes production fell to $X in 2022 estimated in export price. In general, production recorded a pronounced decline. The pace of growth appeared the most rapid in 2014 when the production volume increased by 46%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports in MENA

In 2022, overseas shipments of articles of graphite or other carbon for electrical purposes increased by 63% to X tons, rising for the second year in a row after two years of decline. Overall, exports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 when exports increased by 151%. Over the period under review, the exports attained the peak figure at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports rose sharply to $X in 2022. In general, exports, however, continue to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 when exports increased by 54%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Turkey was the key exporter of articles of graphite or other carbon for electrical purposes in MENA, with the volume of exports amounting to X tons, which was near 59% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), committing a 35% share of total exports. The following exporters - Tunisia (X tons) and Bahrain (X tons) - each amounted to a 3.5% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of +31.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) remains the largest carbon for electrical purposes supplier in MENA, comprising 61% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 13% share of total exports. It was followed by Tunisia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+14.9% per year) and Tunisia (+29.4% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, shrinking by -35.5% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 an increase of 120%. Over the period under review, the export prices attained the peak figure at $X per ton in 2021, and then reduced notably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Tunisia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+37.2%), while the other leaders experienced a decline in the export price figures.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports in MENA

In 2022, overseas purchases of articles of graphite or other carbon for electrical purposes decreased by -80.4% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 632%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon for electrical purposes imports shrank rapidly to $X in 2022. Overall, imports saw a deep downturn. The pace of growth was the most pronounced in 2018 when imports increased by 378%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Iran (X tons), Turkey (X tons), Qatar (X tons), Bahrain (X tons), Iraq (X tons) and Oman (X tons) represented roughly 82% of total imports in 2022. It was distantly followed by the United Arab Emirates (X tons), making up a 4.7% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +32.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon for electrical purposes importing markets in MENA were Turkey ($X), Bahrain ($X) and the United Arab Emirates ($X), together comprising 71% of total imports.

Among the main importing countries, Bahrain, with a CAGR of +53.0%, recorded 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

The import price in MENA stood at $X per ton in 2022, growing by 165% against the previous year. Over the period under review, the import price saw prominent growth. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Bahrain ($X per ton), while Iran ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+16.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform