Ireland: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in Ireland

The Irish furnace carbon electrode market reduced modestly to $X in 2022, shrinking by X% against the previous year. In general, consumption, however, showed a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Furnace Carbon Electrode Production in Ireland

In value terms, furnace carbon electrode production reduced to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from Ireland

Furnace carbon electrode exports from Ireland was estimated at X kg in 2022, therefore, remained relatively stable against the previous year's figure. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of X kg. From 2015 to 2022, the growth of the exports failed to regain momentum.

In value terms, furnace carbon electrode exports totaled $X in 2022. Over the period under review, exports showed a deep setback. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Japan (X kg) was the main destination for furnace carbon electrode exports from Ireland, with a X% share of total exports. Moreover, furnace carbon electrode exports to Japan exceeded the volume sent to the second major destination, Israel (X kg), fourfold. The third position in this ranking was held by the UK (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Israel (X% per year) and the UK (X% per year).

In value terms, Israel ($X), Singapore ($X) and Japan ($X) appeared to be the largest markets for furnace carbon electrode exported from Ireland worldwide, together comprising X% of total exports.

In terms of the main countries of destination, Japan, 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

The average furnace carbon electrode export price stood at $X per ton in 2022, flattening at the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the average export price increased by X% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the UK ($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 the United States (X%).

Furnace Carbon Electrode Imports

Imports into Ireland

In 2022, overseas purchases of carbon electrodes for furnaces decreased by X% to X kg, falling for the third consecutive year after three years of growth. Over the period under review, imports showed a deep downturn. The pace of growth was the most pronounced in 2015 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, furnace carbon electrode imports totaled $X in 2022. Overall, imports recorded a prominent expansion. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

The United States (X kg), the UK (X kg) and Japan (X kg) were the main suppliers of furnace carbon electrode imports to Ireland, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) constituted the largest supplier of carbon electrodes for furnaces to Ireland, comprising X% of total imports. The second position in the ranking was held by Japan ($X), with a X% share of total imports. It was followed by the UK, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (X% per year) and the UK (X% per year).

Import Prices by Country

The average furnace carbon electrode import price stood at $X per ton in 2022, approximately equating the previous year. In general, the import price recorded a significant increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

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 Japan ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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