MENA: Carbon Electrode Market 2024

Carbon Electrode Market Size in MENA

The MENA's carbon electrode market rose rapidly to $X in 2022, increasing by X% against the previous year. The total consumption indicated a noticeable expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2018 indices. The level of consumption peaked in 2022 and is likely to see steady growth in the near future.

Carbon Electrode Production in MENA

In value terms, carbon electrode production shrank modestly to $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Carbon Electrode Exports

Exports in MENA

In 2022, shipments abroad of carbon electrodes increased by X% to X tons, rising for the sixth consecutive year after three years of decline. In general, exports saw a remarkable increase. The most prominent rate of growth was recorded in 2013 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2014 to 2022, the growth of the exports failed to regain momentum.

In value terms, carbon electrode exports fell significantly to $X in 2022. Over the period under review, exports enjoyed prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporter of carbon electrodes in MENA, with the volume of exports finishing at X tons, which was approx. X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X tons), constituting a X% share of total exports.

Turkey 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, the United Arab Emirates (X%) displayed positive paces of growth. While the share of Turkey (X p.p.) and the United Arab Emirates (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carbon electrode supplying countries in MENA were Turkey ($X) and the United Arab Emirates ($X).

Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

The export price in MENA stood at $X per ton in 2022, declining by X% against the previous year. Overall, the export price, however, showed a mild increase. The most prominent rate of growth was recorded in 2015 an increase of X%. The level of export peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Turkey totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Carbon Electrode Imports

Imports in MENA

For the third consecutive year, MENA recorded growth in supplies from abroad of carbon electrodes, which increased by X% to X tons in 2022. Overall, imports showed strong growth. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in the near future.

In value terms, carbon electrode imports soared to $X in 2022. Over the period under review, imports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, the United Arab Emirates (X tons) was the main importer of carbon electrodes, achieving X% of total imports. Iran (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%) and Bahrain (X%). The following importers - Egypt (X tons) and Oman (X tons) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to carbon electrode imports into the United Arab Emirates stood at X%. At the same time, Bahrain (X%), Oman (X%), Egypt (X%) and Iran (X%) displayed positive paces of growth. Moreover, Bahrain emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. Turkey experienced a relatively flat trend pattern. From 2012 to 2022, the share of the United Arab Emirates and Bahrain increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest carbon electrode importing markets in MENA were the United Arab Emirates ($X), Iran ($X) and Turkey ($X), together accounting for X% of total imports. Egypt, Bahrain and Oman lagged somewhat behind, together comprising a further X%.

Bahrain, with a CAGR of X%, saw the highest rates of growth with regard to 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 MENA stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the import price, however, recorded a mild reduction. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2022, the import prices remained at a lower figure.

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 Turkey ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform