Vietnam: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Vietnam

The Vietnamese carbon for electrical purposes market was finally on the rise to reach $X in 2022, after four years of decline. Overall, consumption, however, recorded a abrupt downturn. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Vietnam

In value terms, carbon for electrical purposes production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 91%. As a result, production reached the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Vietnam

In 2022, shipments abroad of articles of graphite or other carbon for electrical purposes decreased by -13.5% to X tons for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 723% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, carbon for electrical purposes exports dropped to $X in 2022. Overall, exports, however, continue to indicate resilient growth. The pace of growth appeared the most rapid in 2014 with an increase of 415% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Israel (X tons), the United States (X tons) and the United Arab Emirates (X tons) were the main destinations of carbon for electrical purposes exports from Vietnam, together comprising 74% of total exports.

From 2012 to 2022, the biggest increases were recorded for Israel (with a CAGR of +97.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbon for electrical purposes exported from Vietnam were Israel ($X), the United States ($X) and the United Arab Emirates ($X), with a combined 73% share of total exports. India, South Korea, Singapore and Japan lagged somewhat behind, together accounting for a further 26%.

India, with a CAGR of +116.0%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination 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 for electrical purposes export price amounted to $X per ton, increasing by 3% against the previous year. Over the period under review, export price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon for electrical purposes export price decreased by -3.9% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 72%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were India ($X per ton) and Japan ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) and Singapore ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to India (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Vietnam

In 2022, imports of articles of graphite or other carbon for electrical purposes into Vietnam surged to X tons, rising by 52% compared with the previous year. Overall, imports saw a buoyant increase. The pace of growth was the most pronounced in 2017 when imports increased by 309%. Imports peaked at X tons in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports skyrocketed to $X in 2022. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2017 with an increase of 399% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

Japan (X tons), China (X tons) and the United States (X tons) were the main suppliers of carbon for electrical purposes imports to Vietnam, with a combined 88% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +57.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest carbon for electrical purposes suppliers to Vietnam, together accounting for 88% of total imports.

Among the main suppliers, the United States, with a CAGR of +57.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, reducing by -5.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average import price increased by 29%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($X per ton) and the United States ($X per ton), while the price for France ($X per ton) and China ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+0.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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