Vietnam: Market for Carbon Electrodes Not For Furnaces 2024

Market Size for Carbon Electrodes Not For Furnaces in Vietnam

The Vietnamese market for carbon electrodes not for furnaces expanded sharply to $X in 2022, rising by X% against the previous year. Over the period under review, consumption showed a significant expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Production of Carbon Electrodes Not For Furnaces in Vietnam

In value terms, carbon electrode not for furnaces production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant expansion. The pace of growth was the most pronounced in 2017 with an increase of X%. Carbon electrode not for furnaces production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Carbon Electrodes Not For Furnaces

Exports from Vietnam

After three years of growth, shipments abroad of carbon electrodes not for furnaces decreased by X% to X tons in 2022. Overall, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode not for furnaces exports shrank to $X in 2022. Over the period under review, exports, however, saw a significant increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2021, and then shrank in the following year.

Exports by Country

South Korea (X tons) was the main destination for carbon electrode not for furnaces exports from Vietnam, with a X% share of total exports. Moreover, carbon electrode not for furnaces exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), fivefold. The third position in this ranking was held by Thailand (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to South Korea stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Thailand (X% per year).

In value terms, South Korea ($X) remains the key foreign market for carbon electrodes not for furnaces exports from Vietnam, comprising X% of total exports. The second position in the ranking was held by Japan ($X), with a X% share of total exports. It was followed by Thailand, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to South Korea amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and Thailand (X% per year).

Export Prices by Country

The average export price for carbon electrodes not for furnaces stood at $X per ton in 2022, picking up by X% against the previous year. Overall, the export price showed a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2019 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Thailand ($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 Japan (X%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Carbon Electrodes Not For Furnaces

Imports into Vietnam

In 2022, the amount of carbon electrodes not for furnaces imported into Vietnam soared to X tons, growing by X% compared with the year before. In general, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon electrode not for furnaces imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate a buoyant increase. The growth pace was the most rapid in 2014 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

South Korea (X tons), China (X tons) and Indonesia (X tons) were the main suppliers of carbon electrode not for furnaces imports to Vietnam, together accounting for X% of total imports.

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

In value terms, South Korea ($X) constituted the largest supplier of carbon electrodes not for furnaces to Vietnam, comprising X% of total imports. The second position in the ranking was held by Indonesia ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average import price for carbon electrodes not for furnaces stood at $X per ton in 2022, rising by X% against the previous year. Overall, the import price saw pronounced growth. 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 attained the peak figure at $X per ton in 2016; however, from 2017 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 Japan ($X per ton), while the price for China ($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 more modest paces of growth.

Source: IndexBox Platform

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