Singapore: Carbon Electrode Market 2025

Carbon Electrode Market Size in Singapore

The Singaporean carbon electrode market skyrocketed to $X in 2022, growing by 25% against the previous year. The market value increased at an average annual rate of +1.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a somewhat lower figure.

Carbon Electrode Production in Singapore

In value terms, carbon electrode production reached $X in 2022 estimated in export price. In general, production, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 when the production volume increased by 22% against the previous year. Carbon electrode production peaked at $X in 2013; however, from 2014 to 2022, production remained at a lower figure.

Carbon Electrode Exports

Exports from Singapore

Carbon electrode exports from Singapore soared to X tons in 2022, growing by 141% against 2021. In general, exports, however, continue to indicate a slight setback. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode exports skyrocketed to $X in 2022. Over the period under review, exports, however, saw a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 87%. Over the period under review, the exports reached the peak figure 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 carbon electrode exports from Singapore, with a 63% share of total exports. Moreover, carbon electrode exports to Indonesia exceeded the volume sent to the second major destination, Taiwan (Chinese) (X tons), fivefold. The United States (X tons) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2022, the average annual growth rate of volume to Indonesia stood at +6.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (+20.2% per year) and the United States (+3.5% per year).

In value terms, the largest markets for carbon electrode exported from Singapore were Indonesia ($X), Taiwan (Chinese) ($X) and the United States ($X), with a combined 81% share of total exports. The Philippines, China, Malaysia, Hong Kong SAR, Senegal, Vietnam, Brunei Darussalam and India lagged somewhat behind, together comprising a further 13%.

In terms of the main countries of destination, Senegal, with a CAGR of +75,122.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, which is down by -45.1% against the previous year. Over the period under review, the export price recorded a slight curtailment. The pace of growth appeared the most rapid in 2019 an increase of 37% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Senegal ($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 (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Electrode Imports

Imports into Singapore

In 2022, approx. X tons of carbon electrodes were imported into Singapore; picking up by 163% against 2021 figures. Overall, imports recorded a buoyant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbon electrode imports soared to $X in 2022. Over the period under review, imports enjoyed a temperate expansion. The pace of growth appeared the most rapid in 2017 with an increase of 163%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Poland (X tons) constituted the largest supplier of carbon electrode to Singapore, accounting for a 69% share of total imports. Moreover, carbon electrode imports from Poland exceeded the figures recorded by the second-largest supplier, China (X tons), sixfold. Japan (X tons) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Poland amounted to +203.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.5% per year) and Japan (-5.8% per year).

In value terms, Poland ($X) constituted the largest supplier of carbon electrodes to Singapore, comprising 54% of total imports. The second position in the ranking was taken by China ($X), with a 22% share of total imports. It was followed by Japan, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from Poland totaled +174.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.4% per year) and Japan (-6.9% per year).

Import Prices by Country

In 2022, the average carbon electrode import price amounted to $X per ton, dropping by -34.9% against the previous year. Over the period under review, the import price saw a noticeable curtailment. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2018; however, from 2019 to 2022, 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 China ($X per ton), while the price for Poland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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