Mexico: Carbon Electrode Market 2025

Carbon Electrode Market Size in Mexico

In 2022, after two years of decline, there was significant growth in the Mexican carbon electrode market, when its value increased by 27% to $X. Over the period under review, the total consumption indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the maximum level in 2022 and is likely to see gradual growth in the near future.

Carbon Electrode Production in Mexico

In value terms, carbon electrode production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 21% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Carbon Electrode Exports

Exports from Mexico

In 2022, approx. X tons of carbon electrodes were exported from Mexico; falling by -98.4% against the year before. Over the period under review, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 119%. Over the period under review, the exports attained the peak figure at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode exports contracted sharply to $X in 2022. In general, exports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 109% against the previous year. As a result, the exports reached the peak of $X, and then fell remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for carbon electrode exports from Mexico, with a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to -26.4%.

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

From 2012 to 2022, the average annual growth rate of value to the United States totaled -24.8%.

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, approximately equating the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode export price decreased by -15.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 an increase of 42% against the previous year. Over the period under review, the average 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.

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 +5.4% per year.

Carbon Electrode Imports

Imports into Mexico

In 2022, approx. X tons of carbon electrodes were imported into Mexico; reducing by -1.8% on 2021. In general, imports, however, continue to indicate a slight expansion. The pace of growth was the most pronounced in 2018 when imports increased by 334%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon electrode imports skyrocketed to $X in 2022. Over the period under review, imports, however, showed a pronounced increase. The pace of growth was the most pronounced in 2018 with an increase of 404% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbon electrode to Mexico, accounting for a 66% share of total imports. Moreover, 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 taken by India (X tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at +24.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-2.9% per year) and India (-2.6% per year).

In value terms, the largest carbon electrode suppliers to Mexico were China ($X), the United States ($X) and India ($X), together comprising 92% of total imports.

Among the main suppliers, China, with a CAGR of +27.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average carbon electrode import price amounted to $X per ton, with an increase of 40% against the previous year. Over the period under review, import price indicated modest growth from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode import price increased by +49.2% against 2020 indices. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 (+3.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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