Belgium: Carbon Electrode Market 2025

Carbon Electrode Market Size in Belgium

In 2022, after five years of growth, there was significant decline in the Belgian carbon electrode market, when its value decreased by -74.2% to $X. Overall, consumption recorded a drastic downturn. Carbon electrode consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Carbon Electrode Production in Belgium

In value terms, carbon electrode production shrank markedly to $X in 2022 estimated in export price. Overall, production, however, saw a prominent expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by 2,446% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Carbon Electrode Exports

Exports from Belgium

In 2022, overseas shipments of carbon electrodes decreased by -97.7% to X tons for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports recorded a sharp reduction. The most prominent rate of growth was recorded in 2020 when exports increased by 2,097% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, carbon electrode exports dropped dramatically to $X in 2022. Overall, exports showed a significant decline. The most prominent rate of growth was recorded in 2020 when exports increased by 3,833% against the previous year. Over the period under review, the exports reached the maximum at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons) was the main destination for carbon electrode exports from Belgium, with a 38% share of total exports. Moreover, carbon electrode exports to Germany exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Democratic Republic of the Congo (X tons), with a 10% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Germany stood at -40.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-10.5% per year) and Democratic Republic of the Congo (+4.2% per year).

In value terms, the Netherlands ($X), Germany ($X) and China ($X) appeared to be the largest markets for carbon electrode exported from Belgium worldwide, together accounting for 60% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +7.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, which is down by -2.1% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 79%. Over the period under review, the average export prices reached the maximum at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to the UK ($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 China (+13.6%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Electrode Imports

Imports into Belgium

In 2022, purchases abroad of carbon electrodes decreased by -86.6% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports showed a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 253%. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, carbon electrode imports shrank notably to $X in 2022. In general, imports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2018 when imports increased by 171%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Luxembourg (X tons), Spain (X tons) and France (X tons) were the main suppliers of carbon electrode imports to Belgium, together accounting for 79% of total imports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +194.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest carbon electrode suppliers to Belgium were France ($X), Spain ($X) and Luxembourg ($X), with a combined 84% share of total imports.

In terms of the main suppliers, Spain, with a CAGR of +167.7%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average carbon electrode import price stood at $X per ton in 2022, picking up by 235% against the previous year. In general, the import price recorded a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for the Czech Republic ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+20.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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