Eastern Europe: Carbon Electrode Market 2024

Carbon Electrode Market Size in Eastern Europe

The East European carbon electrode market reduced to $X in 2022, which is down by -9.5% against the previous year. The total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +2.1% 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 +8.8% against 2020 indices. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Carbon Electrode Production in Eastern Europe

In value terms, carbon electrode production contracted dramatically to $X in 2022 estimated in export price. In general, production showed pronounced growth. The growth pace was the most rapid in 2018 with an increase of 108% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Carbon Electrode Exports

Exports in Eastern Europe

Carbon electrode exports declined to X tons in 2022, which is down by -14.8% on the previous year's figure. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 66% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, carbon electrode exports contracted markedly to $X in 2022. Over the period under review, exports, however, posted a modest increase. The growth pace was the most rapid in 2018 with an increase of 119%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Poland was the major exporting country with an export of around X tons, which amounted to 54% of total exports. Russia (X tons) took the second position in the ranking, distantly followed by Ukraine (X tons). All these countries together held approx. 40% share of total exports. The Czech Republic (X tons) and Lithuania (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Poland (with a CAGR of +7.2%), while the other leaders experienced mixed trends in the exports figures.

In value terms, Poland ($X) remains the largest carbon electrode supplier in Eastern Europe, comprising 58% of total exports. The second position in the ranking was held by Russia ($X), with a 27% share of total exports. It was followed by Ukraine, with a 5.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Poland amounted to +8.4%. The remaining exporting countries recorded the following average annual rates of exports growth: Russia (-3.6% per year) and Ukraine (-5.3% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, waning by -4.1% against the previous year. Over the period under review, the export price, however, recorded a mild increase. The most prominent rate of growth was recorded in 2018 an increase of 57% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Lithuania ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Lithuania (+3.5%), while the other leaders experienced more modest paces of growth.

Carbon Electrode Imports

Imports in Eastern Europe

In 2022, imports of carbon electrodes in Eastern Europe dropped to X tons, falling by -10.2% against 2021 figures. In general, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2017 with an increase of 30% against the previous year. Over the period under review, imports hit record highs at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, carbon electrode imports contracted significantly to $X in 2022. Over the period under review, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when imports increased by 97%. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

Russia prevails in imports structure, resulting at X tons, which was near 89% of total imports in 2022. The following importers - Poland (X tons) and the Czech Republic (X tons) - together made up 5.6% of total imports.

Russia experienced a relatively flat trend pattern with regard to volume of imports of carbon electrodes. Poland (-2.8%) and the Czech Republic (-2.9%) illustrated a downward trend over the same period. While the share of Russia (+7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported carbon electrodes in Eastern Europe, comprising 72% of total imports. The second position in the ranking was held by Poland ($X), with a 9.7% share of total imports.

In Russia, carbon electrode imports expanded at an average annual rate of +1.2% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Poland (+0.1% per year) and the Czech Republic (+0.0% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, with a decrease of -6% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 58%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Poland ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Czech Republic (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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