Philippines: Market for Carbon Electrodes Not For Furnaces 2025

Market Size for Carbon Electrodes Not For Furnaces in the Philippines

In 2022, the Philippine market for carbon electrodes not for furnaces decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a abrupt setback. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Exports of Carbon Electrodes Not For Furnaces

Exports from the Philippines

In 2022, approx. X tons of carbon electrodes not for furnaces were exported from the Philippines; which is down by X% compared with 2021 figures. Overall, exports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode not for furnaces exports declined significantly to $X in 2022. In general, exports, however, showed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) was the main destination for carbon electrode not for furnaces exports from the Philippines, with a approx. X% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Vietnam stood at X%.

In value terms, Vietnam ($X) also remains the key foreign market for carbon electrodes not for furnaces exports from the Philippines.

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

Export Prices by Country

In 2022, the average export price for carbon electrodes not for furnaces amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price, however, enjoyed a significant increase. The pace of growth appeared the most rapid in 2020 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2021 to 2022, the average export prices remained at a lower figure.

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

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

Imports of Carbon Electrodes Not For Furnaces

Imports into the Philippines

In 2022, imports of carbon electrodes not for furnaces into the Philippines declined markedly to X tons, which is down by X% compared with the previous year's figure. Overall, imports recorded a sharp contraction. The most prominent rate of growth was recorded in 2015 when imports increased by X%. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, carbon electrode not for furnaces imports shrank notably to $X in 2022. In general, imports, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), the Netherlands (X tons) and China (X tons) were the main suppliers of carbon electrode not for furnaces imports to the Philippines, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Japan ($X) constituted the largest supplier of carbon electrodes not for furnaces to the Philippines, comprising X% of total imports. The second position in the ranking was taken by the Netherlands ($X), with an X% share of total imports. It was followed by Malaysia, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Malaysia (X% per year).

Import Prices by Country

The average import price for carbon electrodes not for furnaces stood at $X per ton in 2022, almost unchanged from the previous year. Over the period under review, the import price posted a significant increase. The most prominent rate of growth was recorded in 2017 an increase of X%. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 Japan ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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