Russian Federation: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in the Russian Federation

The Russian furnace carbon electrode market shrank to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption, however, recorded a deep reduction. As a result, consumption reached the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Furnace Carbon Electrode Production in the Russian Federation

In value terms, furnace carbon electrode production reduced rapidly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable decrease. The pace of growth was the most pronounced in 2021 when the production volume increased by X%. Furnace carbon electrode production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Furnace Carbon Electrode Exports

Exports from the Russian Federation

In 2022, the amount of carbon electrodes for furnaces exported from Russia dropped to X tons, with a decrease of X% compared with the year before. In general, exports showed a mild downturn. The growth pace was the most rapid in 2018 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, furnace carbon electrode exports shrank significantly to $X in 2022. Over the period under review, exports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for furnace carbon electrode exports from Russia, accounting for a X% share of total exports. Moreover, furnace carbon electrode exports to the United States exceeded the volume sent to the second major destination, Iceland (X tons), fourfold. The third position in this ranking was taken by Kazakhstan (X tons), with a X% share.

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

In value terms, the United States ($X) remains the key foreign market for carbon electrodes for furnaces exports from Russia, comprising X% of total exports. The second position in the ranking was held by Kazakhstan ($X), with a X% share of total exports. It was followed by Iceland, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (X% per year) and Iceland (X% per year).

Export Prices by Country

The average furnace carbon electrode export price stood at $X per ton in 2022, standing approx. at the previous year. Over the period under review, the export price showed a pronounced setback. The pace of growth appeared the most rapid in 2017 an increase of X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

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

Furnace Carbon Electrode Imports

Imports into the Russian Federation

Furnace carbon electrode imports into Russia fell to X tons in 2022, dropping by X% on the previous year's figure. Overall, imports, however, recorded a mild increase. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, furnace carbon electrode imports dropped to $X in 2022. In general, imports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of furnace carbon electrode to Russia, accounting for a X% share of total imports. Moreover, furnace carbon electrode imports from China exceeded the figures recorded by the second-largest supplier, Spain (X tons), threefold. France (X tons) ranked third in terms of total imports with a X% share.

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

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

In terms of the main suppliers, Spain, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average furnace carbon electrode import price amounted to $X per ton, rising by X% against the previous year. In general, the import price enjoyed modest growth. The pace of growth was the most pronounced in 2019 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the average import prices failed to regain momentum.

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 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 (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :