South-Eastern Asia: Carbon Electrode Market 2024

Carbon Electrode Market Size in South-Eastern Asia

In 2022, the Southeast Asian carbon electrode market increased by 7.9% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Carbon Electrode Production in South-Eastern Asia

In value terms, carbon electrode production dropped to $X in 2022 estimated in export price. The total production indicated mild growth from 2012 to 2022: its value increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +11.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 62% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Carbon Electrode Exports

Exports in South-Eastern Asia

In 2022, the amount of carbon electrodes exported in South-Eastern Asia declined significantly to X tons, falling by -41.6% against 2021. Over the period under review, exports recorded a mild decrease. The pace of growth appeared the most rapid in 2021 with an increase of 256%. Over the period under review, the exports reached the maximum at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon electrode exports shrank notably to $X in 2022. Overall, exports showed a noticeable decline. The pace of growth was the most pronounced in 2021 with an increase of 189% against the previous year. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Malaysia dominates exports structure, recording X tons, which was approx. 87% of total exports in 2022. It was distantly followed by Indonesia (X tons), generating a 10% share of total exports. Singapore (X tons) followed a long way behind the leaders.

Malaysia experienced a relatively flat trend pattern with regard to volume of exports of carbon electrodes. Singapore (-1.4%) and Indonesia (-9.8%) illustrated a downward trend over the same period. Malaysia (+14 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -13.5% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Malaysia ($X) remains the largest carbon electrode supplier in South-Eastern Asia, comprising 86% of total exports. The second position in the ranking was held by Singapore ($X), with a 5.1% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to -3.5%. In the other countries, the average annual rates were as follows: Singapore (-2.8% per year) and Indonesia (-8.9% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, rising by 11% against the previous year. Overall, the export price, however, saw a perceptible descent. The growth pace was the most rapid in 2019 an increase of 36% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2020 to 2022, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Singapore ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+1.0%), while the other leaders experienced a decline in the export price figures.

Carbon Electrode Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of carbon electrodes were imported in South-Eastern Asia; which is down by -9.5% compared with the year before. In general, imports continue to indicate a noticeable contraction. The pace of growth was the most pronounced in 2018 when imports increased by 96% 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, carbon electrode imports totaled $X in 2022. Over the period under review, imports showed a mild decline. The most prominent rate of growth was recorded in 2018 with an increase of 104%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The countries with the highest levels of carbon electrode imports in 2022 were Vietnam (X tons), Thailand (X tons) and Indonesia (X tons), together resulting at 75% of total import. Malaysia (X tons) took the next position in the ranking, followed by the Philippines (X tons) and Singapore (X tons). All these countries together took approx. 24% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +7.4%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest carbon electrode importing markets in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Thailand ($X), together comprising 73% of total imports. Malaysia, the Philippines and Singapore lagged somewhat behind, together comprising a further 27%.

Singapore, with a CAGR of +2.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, rising by 18% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2017 when the import price increased by 45% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while Vietnam ($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 Philippines (+6.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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