Scandinavia: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2024

Market Size for Articles Of Graphite Or Other Carbon For Electrical Purposes in Scandinavia

In 2022, the Scandinavia carbon for electrical purposes market increased by 23% to $X, rising for the second consecutive year after two years of decline. The total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +37.3% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Articles Of Graphite Or Other Carbon For Electrical Purposes in Scandinavia

In value terms, carbon for electrical purposes production reduced to $X in 2022 estimated in export price. The total production indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +6.0% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by 89% against the previous year. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports in Scandinavia

In 2022, approx. X tons of articles of graphite or other carbon for electrical purposes were exported in Scandinavia; dropping by -20.9% compared with 2021. In general, exports saw a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 63%. Over the period under review, the exports reached the maximum at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports contracted remarkably to $X in 2022. Overall, exports showed a abrupt descent. The pace of growth was the most pronounced in 2016 when exports increased by 97%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Sweden represented the main exporter of articles of graphite or other carbon for electrical purposes in Scandinavia, with the volume of exports accounting for X tons, which was near 87% of total exports in 2022. It was distantly followed by Norway (X tons), comprising a 12% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to carbon for electrical purposes exports from Sweden stood at -10.9%. At the same time, Norway (+9.2%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +9.2% from 2012-2022. Norway (+11 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest carbon for electrical purposes supplier in Scandinavia, comprising 90% of total exports. The second position in the ranking was taken by Norway ($X), with a 9.4% share of total exports.

In Sweden, carbon for electrical purposes exports contracted by an average annual rate of -11.3% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Scandinavia amounted to $X per ton, declining by -6.2% against the previous year. Overall, the export price recorded a mild downturn. The most prominent rate of growth was recorded in 2016 an increase of 21%. Over the period under review, the export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while Norway totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Norway (+4.3%).

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports in Scandinavia

In 2022, after two years of decline, there was significant growth in supplies from abroad of articles of graphite or other carbon for electrical purposes, when their volume increased by 58% to X tons. Total imports indicated a temperate expansion from 2012 to 2022: its volume increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, carbon for electrical purposes imports surged to $X in 2022. In general, imports continue to indicate a temperate expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Norway (X tons) represented roughly 100% of total imports in 2022.

Norway was also the fastest-growing in terms of the articles of graphite or other carbon for electrical purposes imports, with a CAGR of +4.9% from 2012 to 2022. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, Norway ($X) constitutes the largest market for imported articles of graphite or other carbon for electrical purposes in Scandinavia.

From 2012 to 2022, the average annual rate of growth in terms of value in Norway totaled +5.0%.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per ton, surging by 20% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when the import price increased by 29%. The level of import peaked at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Norway.

From 2012 to 2022, the rate of growth in terms of prices for Norway amounted to +0.2% per year.

Source: IndexBox Platform