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Spain - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights
Report Update: Nov 1, 2024

Spain - Carbon Electrodes - Market Analysis, Forecast, Size, Trends and Insights

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Jan 30, 2023

Spain's Carbon Electrode Price Falls Notably to $6,124 per Ton

Spain Carbon Electrode Export Price in October 2022

In October 2022, the carbon electrode price amounted to $6,124 per ton (FOB, Spain), dropping by -17.1% against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 an increase of 13% against the previous month. As a result, the export price attained the peak level of $7,390 per ton, and then reduced sharply in the following month.

There were significant differences in the average prices for the major foreign markets. In October 2022, the country with the highest price was South Korea ($9,741 per ton), while the average price for exports to Mexico ($4,368 per ton) was amongst the lowest.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Spain Carbon Electrode Export Prices by Type

Prices varied noticeably by the product type; the product with the highest price was carbon electrodes not for furnaces ($94.2 per kg), while the average price for exports of carbon electrodes for furnaces totaled $6,112 per ton.

From January 2022 to October 2022, the most notable rate of growth in terms of prices was recorded for the following types: carbon electrode not for furnaces (+51.1%).

Spain Carbon Electrode Exports

In October 2022, overseas shipments of carbon electrodes decreased by -52.2% to 4.3K tons for the first time since July 2022, thus ending a two-month rising trend. Overall, exports continue to indicate a perceptible reduction. The most prominent rate of growth was recorded in May 2022 when exports increased by 39% against the previous month. Over the period under review, the exports reached the peak figure at 9K tons in September 2022, and then plummeted in the following month.

In value terms, carbon electrode exports fell significantly to $26M (IndexBox estimates) in October 2022. In general, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in September 2022 when exports increased by 57% m-o-m. As a result, the exports attained the peak of $67M, and then reduced sharply in the following month.

Spain Carbon Electrode Exports by Type

Carbon electrodes for furnaces (4.3K tons) was the largest type of carbon electrode exported from Spain, with a 99.9% share of total exports. It was followed by carbon electrodes not for furnaces (569 kg), with less than 0.1% share of total exports.

From January 2022 to October 2022, the average monthly rate of growth in terms of the volume of export of carbon electrodes for furnaces amounted to -4.2%.

In value terms, carbon electrodes for furnaces ($26M) remains the largest type of carbon electrode exported from Spain, comprising 100% of total exports. The second position in the ranking was held by carbon electrodes not for furnaces ($54K), with a 0.2% share of total exports.

From January 2022 to October 2022, the average monthly growth rate of the export volume of carbon electrodes for furnaces stood at -3.3%.

Spain Carbon Electrode Exports by Country

Saudi Arabia (824 tons), the United States (583 tons) and Italy (525 tons) were the main destinations of carbon electrode exports from Spain, with a combined 45% share of total exports.

From January 2022 to October 2022, the biggest increases were in the United States (with a CAGR of +415.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($5.5M), the United States ($3.8M) and Italy ($3M) appeared to be the largest markets for carbon electrode exported from Spain worldwide, with a combined 47% share of total exports.

In terms of the main countries of destination, the United States, with a CAGR of +543.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Factors Affecting Carbon Electrode Prices

Carbon electrode prices in Spain have been on the rise in recent years, due in large part to increased demand from the country's growing manufacturing sector. There are a number of factors that could impact prices in the future.

First, there is the issue of supply. Carbon electrode production is a highly specialized process, and there are only a handful of companies around the world that have the ability to produce them. This limited supply could put upward pressure on prices if demand for carbon electrodes increases.

Second, there is the question of raw materials costs. The primary raw material for carbon electrodes is petroleum coke, and prices for this commodity have been volatile in recent years. If the cost of petroleum coke rises, it will likely lead to higher prices for carbon electrodes as well.

Finally, there is the issue of government regulation. Carbon emissions are closely regulated by governments around the world, and this could impact the price of carbon electrodes if stricter regulations are put into place.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the carbon electrode market in Spain. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 27901330 - Carbon electrodes for furnaces
  • Prodcom 27901350 - Carbon electrodes (excluding for furnaces)

Country coverage:

  • Spain

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in Spain
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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