EU: Activated Carbon Market 2024

Activated Carbon Market Size in the EU

The EU activated carbon market expanded remarkably to $X in 2022, surging by 12% against the previous year. The total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 +25.4% against 2020 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Activated Carbon Production in the EU

In value terms, activated carbon production declined to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a perceptible shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 50% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Activated Carbon Exports

Exports in the EU

In 2022, shipments abroad of activated carbon increased by 1.4% to X tons, rising for the third consecutive year after two years of decline. The total export volume increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 15%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, activated carbon exports reached $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 18%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

In 2022, Belgium (X tons), distantly followed by Germany (X tons), the Netherlands (X tons) and France (X tons) represented the key exporters of activated carbon, together making up 90% of total exports. The following exporters - Italy (X tons) and Austria (X tons) - together made up 5.7% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Belgium (with a CAGR of +4.8%), while the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the Netherlands ($X) and Germany ($X) constituted the countries with the highest levels of exports in 2022, with a combined 80% share of total exports. France, Italy and Austria lagged somewhat behind, together comprising a further 15%.

Italy, with a CAGR of +8.1%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the European Union stood at $X per ton in 2022, surging by 8.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Austria (+5.7%), while the other leaders experienced more modest paces of growth.

Activated Carbon Imports

Imports in the EU

In 2022, the amount of activated carbon imported in the European Union expanded markedly to X tons, increasing by 9.9% compared with the previous year's figure. The total import volume increased at an average annual rate of +4.1% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 20% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, activated carbon imports soared to $X in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +96.7% against 2016 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Germany (X tons), distantly followed by Belgium (X tons), Italy (X tons), France (X tons), the Netherlands (X tons) and Spain (X tons) were the key importers of activated carbon, together constituting 83% of total imports. Poland (X tons) and Sweden (X tons) took a relatively small share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest activated carbon importing markets in the European Union were Germany ($X), Belgium ($X) and Italy ($X), with a combined 60% share of total imports. France, the Netherlands, Poland, Spain and Sweden lagged somewhat behind, together accounting for a further 28%.

Among the main importing countries, Poland, with a CAGR of +13.3%, recorded the highest rates of growth with regard to 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

In 2022, the import price in the European Union amounted to $X per ton, picking up by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The growth pace was the most rapid in 2017 when the import price increased by 11%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in years to come.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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