Republic of Korea: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Republic of Korea

In 2022, after four years of decline, there was significant growth in the South Korean carbon for electrical purposes market, when its value increased by 17% to $X. Overall, consumption enjoyed a prominent increase. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Republic of Korea

In value terms, carbon for electrical purposes production reduced modestly to $X in 2022 estimated in export price. Overall, production, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 when the production volume increased by 61% against the previous year. Carbon for electrical purposes production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Republic of Korea

In 2022, the amount of articles of graphite or other carbon for electrical purposes exported from South Korea fell to X tons, waning by -14.4% on the previous year's figure. In general, exports, however, posted a prominent expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 264%. The exports peaked at X tons in 2021, and then shrank in the following year.

In value terms, carbon for electrical purposes exports surged to $X in 2022. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 144%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Russia (X tons) and Norway (X tons) were the main destinations of carbon for electrical purposes exports from South Korea, together accounting for 55% of total exports. Poland, Turkey, the UK, the Netherlands, Slovakia, Uzbekistan, Japan, Tajikistan, the United States and Hungary lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for the Netherlands (with a CAGR of +77.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the UK ($X) and Russia ($X) constituted the largest markets for carbon for electrical purposes exported from South Korea worldwide, with a combined 56% share of total exports.

The UK, with a CAGR of +78.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average carbon for electrical purposes export price stood at $X per ton in 2022, increasing by 42% against the previous year. In general, the export price, however, showed a deep slump. The most prominent rate of growth was recorded in 2013 an increase of 51% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Turkey ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Republic of Korea

In 2022, purchases abroad of articles of graphite or other carbon for electrical purposes increased by 38% to X tons, rising for the second consecutive year after four years of decline. In general, imports enjoyed a pronounced increase. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports expanded sharply to $X in 2022. Overall, imports showed pronounced growth. The pace of growth was the most pronounced in 2020 when imports increased by 29%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, the United States (X tons) constituted the largest supplier of carbon for electrical purposes to South Korea, accounting for a 45% share of total imports. Moreover, carbon for electrical purposes imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was held by Japan (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+21.9% per year) and Japan (-7.0% per year).

In value terms, the largest carbon for electrical purposes suppliers to South Korea were the UK ($X), Germany ($X) and the United States ($X), together comprising 81% of total imports.

The UK, with a CAGR of +72.2%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, reducing by -22.4% against the previous year. Overall, the import price, however, saw modest growth. The growth pace was the most rapid in 2017 when the average import price increased by 97%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+8.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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