Spain: 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 Spain

After two years of growth, the Spanish carbon for electrical purposes market decreased by -1.4% to $X in 2022. Overall, consumption, however, enjoyed a pronounced expansion. Over the period under review, the market attained the maximum level at $X in 2021, and then shrank in the following year.

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

In value terms, carbon for electrical purposes production skyrocketed to $X in 2022 estimated in export price. Overall, the total production indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 +36.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the production volume increased by 36%. Carbon for electrical purposes production peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from Spain

Carbon for electrical purposes exports from Spain rose significantly to X tons in 2022, with an increase of 9.2% compared with the previous year. Overall, exports recorded a notable increase. The most prominent rate of growth was recorded in 2019 when exports increased by 368%. The exports peaked at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, carbon for electrical purposes exports soared to $X in 2022. Over the period under review, exports enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 391% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

France (X tons) was the main destination for carbon for electrical purposes exports from Spain, accounting for a 56% share of total exports. Moreover, carbon for electrical purposes exports to France exceeded the volume sent to the second major destination, Portugal (X tons), threefold. The third position in this ranking was taken by Germany (X tons), with a 6.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France stood at +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Portugal (+16.5% per year) and Germany (+80.5% per year).

In value terms, France ($X), Brazil ($X) and Germany ($X) appeared to be the largest markets for carbon for electrical purposes exported from Spain worldwide, with a combined 50% share of total exports.

Among the main countries of destination, Germany, with a CAGR of +75.4%, saw the highest growth rate of 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 carbon for electrical purposes export price stood at $X per ton in 2022, surging by 40% against the previous year. In general, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon for electrical purposes export price decreased by -29.5% against 2020 indices. The pace of growth appeared the most rapid in 2020 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2021 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 Cuba ($X per ton), while the average price for exports to Portugal ($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 Brazil (+2.9%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into Spain

After two years of growth, supplies from abroad of articles of graphite or other carbon for electrical purposes decreased by -1.7% to X tons in 2022. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 17% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports fell to $X in 2022. Over the period under review, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 with an increase of 52% against the previous year. Over the period under review, imports hit record highs at $X in 2020; however, from 2021 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X tons) constituted the largest supplier of carbon for electrical purposes to Spain, accounting for a 74% share of total imports. Moreover, carbon for electrical purposes imports from Japan exceeded the figures recorded by the second-largest supplier, China (X tons), fivefold. The United States (X tons) ranked third in terms of total imports with a 4.3% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Japan totaled +92.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+43.5% per year) and the United States (+54.2% per year).

In value terms, Japan ($X) constituted the largest supplier of articles of graphite or other carbon for electrical purposes to Spain, comprising 67% of total imports. The second position in the ranking was held by the United States ($X), with a 17% share of total imports. It was followed by China, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Japan stood at +62.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+46.9% per year) and China (+15.6% per year).

Import Prices by Country

In 2022, the average carbon for electrical purposes import price amounted to $X per ton, flattening at the previous year. Overall, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 43%. Over the period under review, average import prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+5.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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