South Africa: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in South Africa

The South African furnace carbon electrode market dropped slightly to $X in 2022, declining by X% against the previous year. In general, consumption, however, saw moderate growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Furnace Carbon Electrode Production in South Africa

In value terms, furnace carbon electrode production plummeted to $X in 2022 estimated in export price. Over the period under review, production saw a precipitous decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2022, production stood at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from South Africa

In 2022, overseas shipments of carbon electrodes for furnaces increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, continue to indicate a dramatic decrease. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, furnace carbon electrode exports reached $X in 2022. In general, exports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Zimbabwe (X tons) and Mauritius (X tons) were the main destinations of furnace carbon electrode exports from South Africa, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Mauritius (with a CAGR of X.6%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for furnace carbon electrode exported from South Africa were Zimbabwe ($X), the United States ($X) and Mauritius ($X), together accounting for X% of total exports.

In terms of the main countries of destination, Mauritius, with a CAGR of X.8%, 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 furnace carbon electrode export price amounted to $X per ton, declining by X% against the previous year. Overall, the export price, however, showed a buoyant increase. The growth pace was the most rapid in 2020 when the average export price increased by X%. 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 somewhat lower figure.

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

Furnace Carbon Electrode Imports

Imports into South Africa

In 2022, the amount of carbon electrodes for furnaces imported into South Africa fell significantly to X tons, with a decrease of X% against 2021. Overall, imports recorded a deep slump. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, furnace carbon electrode imports stood at $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest furnace carbon electrode supplier to South Africa, accounting for a X% share of total imports. Moreover, furnace carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. India (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and India (X% per year).

In value terms, China ($X) constituted the largest supplier of carbon electrodes for furnaces to South Africa, comprising X% of total imports. The second position in the ranking was held by Spain ($X), with a X% share of total imports. It was followed by India, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and India (X% per year).

Import Prices by Country

In 2022, the average furnace carbon electrode import price amounted to $X per ton, increasing by X% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, furnace carbon electrode import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

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