Report Update Feb 1, 2025

Hungary - Carbon Electrodes for Furnaces - Market Analysis, Forecast, Size, Trends and Insights

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Hungary: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Hungary

In 2022, the Hungarian furnace carbon electrode market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, recorded a strong expansion. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Furnace Carbon Electrode Exports

Exports from Hungary

In 2022, exports of carbon electrodes for furnaces from Hungary skyrocketed to X tons, picking up by X% against 2021 figures. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, furnace carbon electrode exports soared to $X in 2022. Over the period under review, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Germany (X tons) was the main destination for furnace carbon electrode exports from Hungary, accounting for a X% share of total exports. Moreover, furnace carbon electrode exports to Germany exceeded the volume sent to the second major destination, Bosnia and Herzegovina (X tons), fourfold. The third position in this ranking was taken by Mexico (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Germany amounted to X.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bosnia and Herzegovina (X% per year) and Mexico (X% per year).

In value terms, Mexico ($X), Germany ($X) and Bosnia and Herzegovina ($X) appeared to be the largest markets for furnace carbon electrode exported from Hungary worldwide, together comprising X% of total exports.

Among the main countries of destination, Germany, with a CAGR of X%, saw 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 average furnace carbon electrode export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2015 an increase of X%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($X per ton), while the average price for exports to Germany ($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 Spain (X%).

Furnace Carbon Electrode Imports

Imports into Hungary

In 2022, the amount of carbon electrodes for furnaces imported into Hungary dropped dramatically to X tons, with a decrease of X% against 2021. In general, imports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. 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, furnace carbon electrode imports dropped dramatically to $X in 2022. Over the period under review, imports, however, posted buoyant growth. The growth pace was the most rapid in 2018 when imports increased by X%. 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

China (X tons), Spain (X tons) and Italy (X tons) were the main suppliers of furnace carbon electrode imports to Hungary, with a combined X% share of total imports.

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

In value terms, China ($X), Spain ($X) and Italy ($X) constituted the largest furnace carbon electrode suppliers to Hungary, with a combined X% share of total imports.

Italy, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average furnace carbon electrode import price stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price posted a mild increase. The growth pace was the most rapid in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Russia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for carbon electrodes for furnaces in the world?

Iceland constituted the country with the largest volume of furnace carbon electrode consumption, comprising approx. 25% of total volume. Moreover, furnace carbon electrode consumption in Iceland exceeded the figures recorded by the second-largest consumer, China, threefold. India ranked third in terms of total consumption with a 5.4% share.

What are the largest producers of carbon electrodes for furnaces in the world?

China remains the largest furnace carbon electrode producing country worldwide, comprising approx. 41% of total volume. Moreover, furnace carbon electrode production in China exceeded the figures recorded by the second-largest producer, the Netherlands, fourfold. India ranked third in terms of total production with a 10% share.

What are the leading suppliers of carbon electrodes for furnaces to Hungary?

In value terms, the largest furnace carbon electrode suppliers to Hungary were China, Italy and the Netherlands, together comprising 63% of total imports. These countries were followed by Slovakia, Germany, Russia and the Czech Republic, which together accounted for a further 35%.

What is the average export price for carbon electrodes for furnaces in Hungary?

In 2021, the average furnace carbon electrode export price amounted to $191,578 per ton, with an increase of 3,545% against the previous year.

What is the average import price for carbon electrodes for furnaces in Hungary?

The average furnace carbon electrode import price stood at $4,402 per ton in 2021, dropping by -40.4% against the previous year.

This report provides an in-depth analysis of the furnace carbon electrode market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 27901330 - Carbon electrodes for furnaces

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024