MENA: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in MENA

The MENA's furnace carbon electrode market reduced sharply to $X in 2022, waning by X% against the previous year. Overall, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Furnace Carbon Electrode Production in MENA

In value terms, furnace carbon electrode production surged to $X in 2022 estimated in export price. The total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Furnace Carbon Electrode Exports

Exports in MENA

In 2022, the amount of carbon electrodes for furnaces exported in MENA contracted sharply to X tons, which is down by X% against the previous year's figure. In general, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, furnace carbon electrode exports contracted dramatically to $X in 2022. Overall, exports saw a drastic downturn. The pace of growth was the most pronounced in 2018 when exports increased by X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Turkey dominates exports structure, reaching X tons, which was near X% of total exports in 2022. The following exporters - Bahrain (X tons), Morocco (X tons) and the United Arab Emirates (X tons) - each recorded an X% share of total exports.

Turkey was also the fastest-growing in terms of the carbon electrodes for furnaces exports, with a CAGR of X% from 2012 to 2022. Morocco experienced a relatively flat trend pattern. the United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. Turkey (X p.p.) and Morocco (X p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates and Bahrain saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Turkey ($X) emerged as the largest furnace carbon electrode supplier in MENA, comprising X% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Bahrain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey totaled X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period under review, the export price, however, continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Morocco ($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 (X%), while the other leaders experienced more modest paces of growth.

Furnace Carbon Electrode Imports

Imports in MENA

In 2022, the amount of carbon electrodes for furnaces imported in MENA declined to X tons, dropping by X% compared with the previous year. Over the period under review, imports, however, continue to indicate a buoyant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. 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, furnace carbon electrode imports amounted to $X in 2022. In general, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Iran was the key importer of carbon electrodes for furnaces in MENA, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2022. Turkey (X tons) held the second position in the ranking, distantly followed by Egypt (X tons). All these countries together took approx. X% share of total imports. Algeria (X tons), the United Arab Emirates (X tons), Saudi Arabia (X tons) and Libya (X tons) took a relatively small share of total imports.

Imports into Iran increased at an average annual rate of X% from 2012 to 2022. At the same time, Algeria (X%), Libya (X%) and Turkey (X%) displayed positive paces of growth. Moreover, Algeria emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Egypt experienced a relatively flat trend pattern. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. While the share of Iran (X p.p.) and Algeria (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of the United Arab Emirates (X p.p.), Egypt (X p.p.), Saudi Arabia (X p.p.) and Turkey (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Iran ($X) constitutes the largest market for imported carbon electrodes for furnaces in MENA, comprising X% of total imports. The second position in the ranking was held by Turkey ($X), with an X% share of total imports. It was followed by Egypt, with a X% share.

In Iran, furnace carbon electrode imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (X% per year) and Egypt (X% per year).

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, rising by X% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, furnace carbon electrode import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

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

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

Source: IndexBox Platform