Middle East: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in the Middle East

The Middle Eastern furnace carbon electrode market reduced rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, continues to indicate a strong expansion. Over the period under review, the market reached the maximum level at $X in 2021, and then declined rapidly in the following year.

Furnace Carbon Electrode Production in the Middle East

In value terms, furnace carbon electrode production skyrocketed to $X in 2022 estimated in export price. In general, production posted a measured increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked in 2022 and is expected to retain growth in years to come.

Furnace Carbon Electrode Exports

Exports in the Middle East

In 2022, approx. X tons of carbon electrodes for furnaces were exported in the Middle East; which is down by X% compared with the previous year's figure. Over the period under review, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, furnace carbon electrode exports declined sharply to $X in 2022. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Turkey dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. The following exporters - Bahrain (X tons) and the United Arab Emirates (X tons) - each finished at a 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. The United Arab Emirates (X%) and Bahrain (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of the United Arab Emirates (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

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

In Turkey, furnace carbon electrode exports expanded at an average annual rate of X% over the period from 2012-2022. 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

In 2022, the export price in the Middle East amounted to $X per ton, declining by X% against the previous year. In general, the export price, however, continues to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Bahrain ($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 mixed trends in the export price figures.

Furnace Carbon Electrode Imports

Imports in the Middle East

Furnace carbon electrode imports dropped modestly to X tons in 2022, which is down by X% compared with the year before. Overall, imports, however, enjoyed a strong increase. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. 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 reduced modestly to $X in 2022. In general, imports, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Iran (X tons) was the major importer of carbon electrodes for furnaces, constituting X% of total imports. It was distantly followed by Turkey (X tons), comprising a X% share of total imports. The following importers - the United Arab Emirates (X tons), Saudi Arabia (X tons) and Oman (X tons) - together made up X% of total imports.

Iran was also the fastest-growing in terms of the carbon electrodes for furnaces imports, with a CAGR of X% from 2012 to 2022. At the same time, Oman (X%) and Turkey (X%) displayed positive paces of growth. By contrast, the United Arab Emirates (X%) and Saudi Arabia (X%) illustrated a downward trend over the same period. Iran (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates, Saudi Arabia and Turkey saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

In Iran, furnace carbon electrode imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Turkey (X% per year) and the United Arab Emirates (X% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per ton, surging by X% against the previous year. Over the period under review, the import price recorded a pronounced expansion. The most prominent rate of growth was recorded 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 the near future.

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

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