Greece: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Greece

In 2022, the Greek furnace carbon electrode market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, consumption showed resilient growth. As a result, consumption reached the peak level of $X, and then fell markedly in the following year.

Furnace Carbon Electrode Production in Greece

In value terms, furnace carbon electrode production contracted slightly to $X in 2022 estimated in export price. Overall, production, however, recorded a perceptible slump. The pace of growth appeared the most rapid in 2018 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Furnace Carbon Electrode Exports

Exports from Greece

After two years of growth, shipments abroad of carbon electrodes for furnaces decreased by X% to X tons in 2022. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, furnace carbon electrode exports fell dramatically to $X in 2022. Over the period under review, exports showed a mild contraction. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped remarkably in the following year.

Exports by Country

Slovenia (X tons) was the main destination for furnace carbon electrode exports from Greece, with a X% share of total exports. Moreover, furnace carbon electrode exports to Slovenia exceeded the volume sent to the second major destination, Singapore (X kg), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to Slovenia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Malta (X% per year).

In value terms, Slovenia ($X) emerged as the key foreign market for carbon electrodes for furnaces exports from Greece, comprising X% of total exports. The second position in the ranking was held by Malta ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovenia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malta (X% per year) and Singapore (X% per year).

Export Prices by Country

In 2022, the average furnace carbon electrode export price amounted to $X per ton, reducing by X% against the previous year. Overall, the export price, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. As a result, the export price reached the peak level of $X per ton, and then contracted remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malta ($X per ton), while the average price for exports to Slovenia ($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 Turkey (X%), while the prices for the other major destinations experienced a decline.

Furnace Carbon Electrode Imports

Imports into Greece

In 2022, supplies from abroad of carbon electrodes for furnaces increased by X% to X tons, rising for the second year in a row after two years of decline. Overall, imports enjoyed a remarkable increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the near future.

In value terms, furnace carbon electrode imports expanded significantly to $X in 2022. Over the period under review, imports enjoyed resilient growth. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, Malta (X tons) constituted the largest supplier of furnace carbon electrode to Greece, accounting for a X% share of total imports. Moreover, furnace carbon electrode imports from Malta exceeded the figures recorded by the second-largest supplier, Spain (X tons), ninefold. The third position in this ranking was taken by China (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Malta totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, Spain ($X), Malta ($X) and India ($X) were the largest furnace carbon electrode suppliers to Greece, with a combined X% share of total imports.

In terms of the main suppliers, Malta, with a CAGR of X%, saw 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

In 2022, the average furnace carbon electrode import price amounted to $X per ton, waning by X% against the previous year. In general, the import price recorded a deep slump. The most prominent rate of growth was recorded in 2019 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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