Europe: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in Europe

The Europe furnace carbon electrode market contracted sharply to $X in 2022, which is down by X% against the previous year. Overall, consumption recorded a pronounced decline. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Furnace Carbon Electrode Production in Europe

In value terms, furnace carbon electrode production fell dramatically to $X in 2022 estimated in export price. Overall, production, however, recorded a noticeable contraction. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports in Europe

In 2022, approx. X tons of carbon electrodes for furnaces were exported in Europe; declining by X% on the year before. Over the period under review, exports, however, recorded a measured increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports failed to regain momentum.

In value terms, furnace carbon electrode exports dropped to $X in 2022. Overall, exports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, the exports reached the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The Netherlands was the major exporting country with an export of around X tons, which resulted at X% of total exports. Spain (X tons) ranks second in terms of the total exports with a X% share, followed by France (X%), Russia (X%), Germany (X%) and Poland (X%). Italy (X tons) held a relatively small share of total exports.

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

In value terms, the largest furnace carbon electrode supplying countries in Europe were Spain ($X), France ($X) and the Netherlands ($X), with a combined X% share of total exports.

Among the main exporting countries, the Netherlands, with a CAGR of X%, 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 export price in Europe amounted to $X per ton, rising by X% against the previous year. Over the period under review, the export price, however, showed a slight contraction. The pace of growth appeared the most rapid in 2018 when the export price increased by X%. The level of export peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

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 France ($X per ton), while the Netherlands ($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 (X%), while the other leaders experienced more modest paces of growth.

Furnace Carbon Electrode Imports

Imports in Europe

Furnace carbon electrode imports contracted remarkably to X tons in 2022, falling by X% against 2021. In general, imports saw a perceptible reduction. The growth pace was the most rapid in 2018 when imports increased by X%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, furnace carbon electrode imports reduced to $X in 2022. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Iceland was the major importing country with an import of around X tons, which accounted for X% of total imports. Russia (X tons) took the second position in the ranking, followed by Italy (X tons) and Germany (X tons). All these countries together held approx. X% share of total imports. France (X tons), Norway (X tons), Spain (X tons), Poland (X tons), Greece (X tons) and Belgium (X tons) took a relatively small share of total imports.

Imports into Iceland decreased at an average annual rate of X% from 2012 to 2022. At the same time, Greece (X%), Norway (X%), France (X%), Italy (X%) and Germany (X%) displayed positive paces of growth. Moreover, Greece emerged as the fastest-growing importer imported in Europe, with a CAGR of X% from 2012-2022. Russia experienced a relatively flat trend pattern. By contrast, Spain (X%), Poland (X%) and Belgium (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Italy, Russia, Germany, France and Norway increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest furnace carbon electrode importing markets in Europe were Iceland ($X), Russia ($X) and Italy ($X), together comprising X% of total imports. Germany, France, Spain, Poland, Belgium, Norway and Greece lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries 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 Europe amounted to $X per ton, increasing by X% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per ton), while Iceland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform