What this market covers
Carbon electrodes that carry current into electric arc furnaces and other high temperature processes. Steelmakers and ferroalloy and silicon producers are the main users.
Typical segments
- Regular power electrodes
- High power electrodes
- Ultra high power electrodes
- Needle coke based electrodes
- Electrode nipples and joints
Why this market is moving now
- World trade shrank 66% from 2019 to 2024, a direct read on cross-border demand.
Key figures
Global figures for this market, with the year each one describes. Use Cite to copy a reference to this page.
| Figure | Value | Year | Cite |
|---|---|---|---|
| World exports of graphite electrode (HS 854511) were worth $2.29 billion in 2024. | 2.29 USD billion | 2024 | |
| World exports were 66% lower in 2024 than in 2019 ($6.74 billion), calculated from the annual totals. | -66 % since 2019 | 2024 | |
| China was the largest exporter in 2024, with 36% of world exports ($826.0 million). | 36 % of world exports | 2024 | |
| The three largest exporters, China, Spain and India, shipped 57% of world exports in 2024. | 57 % of world exports | 2024 | |
| Iceland was the largest importer in 2024, buying $236.0 million, or 10% of world imports. | 10 % of world imports | 2024 | |
| 28 countries exported more than $1 million of this product in 2024. | 28 countries | 2024 | |
| The average world export price was about $2.37 per kilogram in 2024, calculated from value and weight. | 2.37 USD per kg | 2024 | |
| Countries exported 965.0 thousand tonnes of this product in 2024. | 965.0 thousand tonnes | 2024 |
Calculated figures (shares, changes and prices per kilogram) are plain arithmetic on the reported values. Read how we work.
Buyers and suppliers
Who buys
- Electric arc furnace steelmakers
- Ferroalloy producers
- Silicon metal smelters
Largest exporting countries, 2024
Largest importing countries, 2024
What the full report covers
- 01Executive summary
The answer in one page: size, direction and what moves it - 02Market definition and scope
What is in and out of the global market - 03Global market size, 2021 to 2025
Historical series and growth rates - 04Countries and regions
Demand, supply and trade by country and region - 05Outlook to 2031
Base, low and high scenarios with stated assumptions - 06Rules, policy and deadlines
Regulation and programmes that change demand - 07Drivers and barriers
What accelerates or slows adoption, by customer segment - 08Prices, costs and margins
Unit economics where public data allows - 09Competitive landscape
8 to 12 company profiles with recent moves - 10Opportunities and risks
For new entrants, suppliers and investors - 11Method and assumptions
How every figure was built
Included with the full report
- PDF report, 40 to 60 pages
- Excel data pack
- Ready-to-use charts
- Method note and assumptions
- Written to order in 5 working days
Frequently asked questions
How big is the global graphite electrode market?
There is no single official market total. World exports of HS 854511 reached $2.29 billion in 2024, a direct measure of cross-border trade.
Which countries export the most graphite electrode?
China led world exports in 2024 with 36% of the total, followed by Spain, India and Japan.
Which countries import the most graphite electrode?
Iceland was the largest importer in 2024, followed by the United States, Turkey and the United Arab Emirates.
Is world trade in graphite electrode growing?
World exports were 66% lower in 2024 than in 2019.
What is the average export price of graphite electrode?
Dividing world export value by weight gives about $2.37 per kilogram in 2024.
Free sample
Get a free sample of this report
We send the table of contents, two sample chapters and the method note, usually within one working day. It is free to ask.
- Full table of contents
- Two sample chapters
- Method note and data outline