Greece: Carbon Electrode Market 2024

Carbon Electrode Market Size in Greece

In 2022, the Greek carbon electrode market increased by 114% to $X, rising for the second year in a row after two years of decline. In general, consumption showed modest growth. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Carbon Electrode Production in Greece

In value terms, carbon electrode production surged to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt decrease. Carbon electrode production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Carbon Electrode Exports

Exports from Greece

After two years of growth, shipments abroad of carbon electrodes decreased by -90.6% to X tons in 2022. Overall, exports saw a slight contraction. The most prominent rate of growth was recorded in 2017 with an increase of 9,982% against the previous year. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, carbon electrode exports dropped markedly to $X in 2022. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 6,537%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

The United States (X tons), Turkey (X tons) and Slovenia (X tons) were the main destinations of carbon electrode exports from Greece, with a combined 81% share of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +139.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for carbon electrodes exports from Greece, comprising 69% of total exports. The second position in the ranking was held by Turkey ($X), with a 9.2% share of total exports. It was followed by Liberia, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +167.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+37.3% per year) and Liberia (+68.2% per year).

Export Prices by Country

In 2022, the average carbon electrode export price amounted to $X per ton, reducing by -51.4% against the previous year. Over the period under review, the export price, however, posted a significant increase. The growth pace was the most rapid in 2021 an increase of 1,737% against the previous year. As a result, the export price attained the peak level of $X per ton, and then shrank notably in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Slovenia ($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 Italy (+80.1%), while the prices for the other major destinations experienced more modest paces of growth.

Carbon Electrode Imports

Imports into Greece

In 2022, purchases abroad of carbon electrodes increased by 169% to X tons, rising for the second consecutive year after two years of decline. Over the period under review, imports recorded significant growth. The growth pace was the most rapid in 2018 when imports increased by 538%. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, carbon electrode imports skyrocketed to $X in 2022. In general, imports continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 377% 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, China (X tons) constituted the largest carbon electrode supplier to Greece, accounting for a 79% share of total imports. Moreover, carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, Malta (X tons), fivefold. The third position in this ranking was taken by Spain (X tons), with a 1.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +40.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Malta (+31.6% per year) and Spain (+9.3% per year).

In value terms, the largest carbon electrode suppliers to Greece were China ($X), Spain ($X) and Malta ($X), together comprising 70% of total imports.

In terms of the main suppliers, Malta, with a CAGR of +18.0%, saw 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 average carbon electrode import price stood at $X per ton in 2022, waning by -46.6% against the previous year. Over the period under review, the import price faced a deep slump. The pace of growth was the most pronounced in 2019 an increase of 103%. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for China ($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 (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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