MERCOSUR: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in MERCOSUR

The MERCOSUR furnace carbon electrode market shrank slightly to $X in 2022, which is down by X% against the previous year. Overall, consumption, however, recorded a noticeable decrease. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Furnace Carbon Electrode Production in MERCOSUR

In value terms, furnace carbon electrode production declined to $X in 2022 estimated in export price. In general, production showed a drastic downturn. The most prominent rate of growth was recorded in 2021 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Furnace Carbon Electrode Exports

Exports in MERCOSUR

Furnace carbon electrode exports shrank notably to X tons in 2022, waning by X% compared with the previous year. Over the period under review, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, furnace carbon electrode exports fell dramatically to $X in 2022. Overall, exports showed a deep downturn. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil represented the major exporting country with an export of around X tons, which amounted to X% of total exports. It was distantly followed by Ecuador (X tons), Peru (X tons) and Chile (X tons), together generating a X% share of total exports.

Exports from Brazil decreased at an average annual rate of X% from 2012 to 2022. Peru (X%), Ecuador (X%) and Chile (X%) illustrated a downward trend over the same period. Ecuador (X p.p.), Peru (X p.p.) and Chile (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest furnace carbon electrode supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was taken by Ecuador ($X), with an X% share of total exports. It was followed by Peru, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Brazil totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Ecuador (X% per year) and Peru (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Peru ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Furnace Carbon Electrode Imports

Imports in MERCOSUR

In 2022, overseas purchases of carbon electrodes for furnaces increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of X%. As a result, imports reached 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 skyrocketed to $X in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X%. 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

In 2022, Brazil (X tons) represented the main importer of carbon electrodes for furnaces, making up X% of total imports. It was distantly followed by Argentina (X tons), Colombia (X tons), Peru (X tons), Ecuador (X tons) and Chile (X tons), together mixing up a X% share of total imports. Venezuela (X tons) followed a long way behind the leaders.

Imports into Brazil increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing importer imported in MERCOSUR, with a CAGR of X% from 2012-2022. Peru, Argentina and Colombia experienced a relatively flat trend pattern. By contrast, Chile (X%) and Venezuela (X%) illustrated a downward trend over the same period. While the share of Brazil (X p.p.) and Ecuador (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Argentina ($X) and Colombia ($X) constituted the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Peru, Chile, Ecuador and Venezuela lagged somewhat behind, together accounting for a further X%.

Ecuador, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries 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 MERCOSUR stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. 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 Argentina ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform