South Africa: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in South Africa

The South African market for carbon electrodes not for furnaces fell markedly to $X in 2022, with a decrease of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a dramatic slump. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Exports of Carbon Electrodes Not For Furnaces

Exports from South Africa

In 2022, shipments abroad of carbon electrodes not for furnaces increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports remained at a lower figure.

In value terms, carbon electrode not for furnaces exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Zimbabwe (X tons) was the main destination for carbon electrode not for furnaces exports from South Africa, with a X% share of total exports. Moreover, carbon electrode not for furnaces exports to Zimbabwe exceeded the volume sent to the second major destination, Botswana (X tons), twofold. Democratic Republic of the Congo (X tons) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Zimbabwe stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (X% per year) and Democratic Republic of the Congo (X% per year).

In value terms, the largest markets for carbon electrode not for furnaces exported from South Africa were Zambia ($X), Angola ($X) and Zimbabwe ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Angola, with a CAGR of X%, 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

The average export price for carbon electrodes not for furnaces stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, showed buoyant growth. The pace of growth was the most pronounced in 2020 an increase of 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 failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Angola ($X per ton), while the average price for exports to Lesotho ($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 Zambia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Carbon Electrodes Not For Furnaces

Imports into South Africa

Carbon electrode not for furnaces imports into South Africa reduced notably to X tons in 2022, declining by X% compared with the previous year. Overall, imports faced a significant contraction. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of X tons. From 2015 to 2022, the growth of imports remained at a lower figure.

In value terms, carbon electrode not for furnaces imports rose markedly to $X in 2022. Over the period under review, imports showed a abrupt slump. The growth pace was the most rapid in 2014 with an increase of X%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbon electrode not for furnaces to South Africa, with a X% share of total imports. Moreover, carbon electrode not for furnaces imports from China exceeded the figures recorded by the second-largest supplier, France (X tons), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest carbon electrode not for furnaces suppliers to South Africa were China ($X), France ($X) and Taiwan (Chinese) ($X), together accounting for X% of total imports.

In terms of the main suppliers, France, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for carbon electrodes not for furnaces stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price showed a resilient expansion. The import price peaked at $X per ton in 2018; however, from 2019 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 France ($X per ton), while the price for Taiwan (Chinese) ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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