Mexico: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Mexico

In 2022, the Mexican furnace carbon electrode market increased by X% to $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption, however, saw a mild reduction. Furnace carbon electrode consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Furnace Carbon Electrode Production in Mexico

In value terms, furnace carbon electrode production fell to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable shrinkage. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. Furnace carbon electrode production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Furnace Carbon Electrode Exports

Exports from Mexico

Furnace carbon electrode exports from Mexico reduced notably to X tons in 2022, with a decrease of X% compared with the previous year. In general, exports continue to indicate a precipitous decrease. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, furnace carbon electrode exports fell significantly to $X in 2022. Over the period under review, exports continue to indicate a precipitous shrinkage. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then contracted dramatically in the following year.

Exports by Country

The United States (X tons) was the main destination for furnace carbon electrode exports from Mexico, with a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%.

In value terms, the United States ($X) also remains the key foreign market for carbon electrodes for furnaces exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%.

Export Prices by Country

The average furnace carbon electrode export price stood at $X per ton in 2022, reducing by X% against the previous year. Over the period under review, export price indicated modest growth 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 export price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for Belgium amounted to X% per year.

Furnace Carbon Electrode Imports

Imports into Mexico

In 2022, approx. X tons of carbon electrodes for furnaces were imported into Mexico; dropping by X% on the previous year's figure. In general, imports, however, saw modest growth. 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 failed to regain momentum.

In value terms, furnace carbon electrode imports soared to $X in 2022. Overall, imports, however, continue to indicate a pronounced expansion. The pace of growth was the most pronounced in 2018 when imports increased by 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

In 2022, China (X tons) constituted the largest furnace carbon electrode supplier to Mexico, accounting for a X% share of total imports. Moreover, furnace carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), threefold. The third position in this ranking was held by India (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and India (X% per year).

In value terms, the largest furnace carbon electrode suppliers to Mexico were China ($X), the United States ($X) and India ($X), together accounting for X% of total imports.

In terms of the main suppliers, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average furnace carbon electrode import price stood at $X per ton in 2022, increasing by X% against the previous year. Overall, import price indicated a mild 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 2020 indices. The import price peaked at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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