Europe: Activated Carbon Market 2024

Activated Carbon Market Size in Europe

The Europe activated carbon market rose rapidly to $X in 2022, increasing by 9.1% against the previous year. The total consumption indicated a moderate expansion from 2012 to 2022: its value increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -1.1% against 2019 indices. As a result, consumption reached the peak level of $X; afterwards, it flattened through to 2022.

Activated Carbon Production in Europe

In value terms, activated carbon production contracted modestly to $X in 2022 estimated in export price. In general, production saw a slight decline. The pace of growth was the most pronounced in 2019 when the production volume increased by 42%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Activated Carbon Exports

Exports in Europe

In 2022, overseas shipments of activated carbon increased by 0.7% 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 +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2020 with an increase of 13% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, activated carbon exports expanded remarkably to $X in 2022. The total export value increased at an average annual rate of +2.4% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 15% against the previous year. Over the period under review, the exports hit record highs 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), the UK (X tons) and France (X tons) represented the main exporters of activated carbon, together making up 89% of total exports. Italy (X tons) and Austria (X tons) held a minor share of total exports.

From 2012 to 2022, the biggest increases were recorded for Belgium (with a CAGR of +4.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest activated carbon supplying countries in Europe were Belgium ($X), the Netherlands ($X) and Germany ($X), together comprising 72% of total exports. The UK, France, Italy and Austria lagged somewhat behind, together accounting for a further 22%.

Italy, with a CAGR of +8.1%, saw the highest rates of growth with regard to the value of exports, in terms of 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

In 2022, the export price in Europe amounted to $X per ton, picking up by 8.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Austria ($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 Europe

In 2022, the amount of activated carbon imported in Europe rose sharply to X tons, surging by 7.8% on 2021 figures. The total import volume increased at an average annual rate of +3.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of 19%. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, activated carbon imports surged to $X in 2022. Total imports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 +91.0% against 2016 indices. As a result, imports attained 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 UK (X tons), the Netherlands (X tons), Spain (X tons) and Russia (X tons) were the key importers of activated carbon, together committing 82% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Germany (with a CAGR of +6.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Belgium ($X) and Italy ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 50% of total imports.

Among the main importing countries, Germany, with a CAGR of +8.8%, 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

The import price in Europe stood at $X per ton in 2022, with an increase of 9.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The pace of growth was the most pronounced in 2018 when the import price increased by 11% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Russia ($X per ton) and Germany ($X per ton), while France ($X per ton) and Spain ($X per ton) were 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