GCC: Carbon Electrode Market 2024

Carbon Electrode Market Size in GCC

The GCC carbon electrode market soared to $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption recorded a resilient increase. The level of consumption peaked in 2022 and is likely to see steady growth in the immediate term.

Carbon Electrode Production in GCC

In value terms, carbon electrode production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a deep setback. The pace of growth was the most pronounced in 2016 with an increase of X%. The level of production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Carbon Electrode Exports

Exports in GCC

In 2022, exports of carbon electrodes in GCC contracted markedly to X tons, reducing by X% on the previous year's figure. Over the period under review, exports saw a pronounced downturn. The pace of growth appeared the most rapid in 2013 when exports increased by 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 exports fell dramatically to $X in 2022. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X tons, which was near X% of total exports in 2022. The following exporters - Saudi Arabia (X tons) and Bahrain (X tons) - together made up X% of total exports.

The United Arab Emirates was also the fastest-growing in terms of the carbon electrodes exports, with a CAGR of X% from 2012 to 2022. At the same time, Saudi Arabia (X%) displayed positive paces of growth. By contrast, Bahrain (X%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (X p.p.) and Saudi Arabia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest carbon electrode supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Saudi Arabia (X% per year) and Bahrain (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2022, which is down by X% against the previous year. In general, the export price, however, continues to indicate a perceptible expansion. The pace of growth appeared the most rapid in 2017 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Carbon Electrode Imports

Imports in GCC

In 2022, supplies from abroad of carbon electrodes increased by X% to X tons, rising for the fifth consecutive year after two years of decline. Over the period under review, imports recorded prominent growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, carbon electrode imports surged to $X in 2022. Overall, imports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in years to come.

Imports by Country

The United Arab Emirates was the major importing country with an import of about X tons, which finished at X% of total imports. It was distantly followed by Bahrain (X tons), making up a X% share of total imports. Oman (X tons), Saudi Arabia (X tons) and Qatar (X tons) held a relatively small share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of X% from 2012 to 2022. At the same time, Bahrain (X%), Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Oman, Qatar and Saudi Arabia saw its share reduced by X%, X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported carbon electrodes in GCC, comprising X% of total imports. The second position in the ranking was held by Bahrain ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

In the United Arab Emirates, carbon electrode imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the import price, however, continues to indicate a pronounced decrease. The pace of growth was the most pronounced in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Saudi Arabia ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform