Singapore: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Singapore

The Singaporean furnace carbon electrode market shrank notably to $X in 2022, which is down by X% against the previous year. Overall, consumption saw a deep downturn. Furnace carbon electrode consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Furnace Carbon Electrode Production in Singapore

In value terms, furnace carbon electrode production reduced to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from Singapore

In 2022, shipments abroad of carbon electrodes for furnaces increased by X% to X tons, rising for the second consecutive year after three years of decline. In general, exports continue to indicate mild growth. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, furnace carbon electrode exports surged to $X in 2022. Overall, exports recorded a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Indonesia (X tons) was the main destination for furnace carbon electrode exports from Singapore, accounting for a X% share of total exports. Moreover, furnace carbon electrode exports to Indonesia exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold. The third position in this ranking was taken by the Philippines (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Philippines (X% per year).

In value terms, Indonesia ($X) emerged as the key foreign market for carbon electrodes for furnaces exports from Singapore, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Indonesia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and the Philippines (X% per year).

Export Prices by Country

In 2022, the average furnace carbon electrode export price amounted to $X per ton, surging by X% against the previous year. In general, the export price, however, saw a mild reduction. The growth pace was the most rapid in 2018 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to China ($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 India (X%), while the prices for the other major destinations experienced a decline.

Furnace Carbon Electrode Imports

Imports into Singapore

In 2022, purchases abroad of carbon electrodes for furnaces decreased by X% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a mild contraction. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, furnace carbon electrode imports expanded rapidly to $X in 2022. Overall, imports showed a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

Malaysia (X tons), the United States (X tons) and Taiwan (Chinese) (X tons) were the main suppliers of furnace carbon electrode imports to Singapore, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constituted the largest supplier of carbon electrodes for furnaces to Singapore, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Indonesia, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Malaysia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Indonesia (X% per year).

Import Prices by Country

In 2022, the average furnace carbon electrode import price amounted to $X per ton, rising by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the average import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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