Norway: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Norway

After three years of decline, the Norwegian furnace carbon electrode market increased by X% to $X in 2022. In general, consumption recorded a buoyant expansion. 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 Exports

Exports from Norway

In 2022, after two years of growth, there was significant decline in overseas shipments of carbon electrodes for furnaces, when their volume decreased by X% to X tons. Over the period under review, exports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a lower figure.

In value terms, furnace carbon electrode exports shrank dramatically to $X in 2022. In general, exports saw a perceptible shrinkage. The growth pace was the most rapid in 2013 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X kg) was the main destination for furnace carbon electrode exports from Norway, with a X% share of total exports. Moreover, furnace carbon electrode exports to the United States exceeded the volume sent to the second major destination, Denmark (X kg), twofold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (X% per year) and Sweden (X% per year).

In value terms, the United States ($X), Denmark ($X) and Sweden ($X) were the largest markets for furnace carbon electrode exported from Norway worldwide, together accounting for X% of total exports.

Denmark, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average furnace carbon electrode export price amounted to $X per ton, jumping by X% against the previous year. Over the period under review, the export price enjoyed a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Denmark ($X per ton), while the average price for exports to Sweden ($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 Iceland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Carbon Electrode Imports

Imports into Norway

After three years of decline, supplies from abroad of carbon electrodes for furnaces increased by X% to X tons in 2022. Over the period under review, imports saw strong growth. The pace of growth appeared the most rapid 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 remained at a somewhat lower figure.

In value terms, furnace carbon electrode imports soared to $X in 2022. Overall, imports posted a resilient expansion. The pace of growth appeared the most rapid in 2018 when imports increased by X%. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

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

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

In value terms, India ($X), China ($X) and Spain ($X) constituted the largest furnace carbon electrode suppliers to Norway, with a combined X% share of total imports. Russia, Japan, Germany and Poland lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among 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, dropping by X% against the previous year. Overall, the import price showed a perceptible descent. The growth pace was the most rapid in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the maximum 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 supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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