Turkey: Furnace Carbon Electrode Market 2025

Furnace Carbon Electrode Market Size in Turkey

In 2022, the Turkish furnace carbon electrode market increased by X% to $X, rising for the second year in a row after two years of decline. In general, consumption showed a mild curtailment. 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 Turkey

In value terms, furnace carbon electrode production shrank remarkably to $X in 2022 estimated in export price. In general, production recorded a dramatic slump. The pace of growth appeared the most rapid in 2019 when the production volume increased by X% against the previous year. Furnace carbon electrode production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Furnace Carbon Electrode Exports

Exports from Turkey

In 2022, approx. X tons of carbon electrodes for furnaces were exported from Turkey; with an increase of X% on the previous year's figure. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, furnace carbon electrode exports soared to $X in 2022. Overall, exports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tons), Germany (X tons) and the UK (X tons) were the main destinations of furnace carbon electrode exports from Turkey, with a combined X% share of total exports. Azerbaijan, Georgia, Iraq, Belgium, Egypt, Turkmenistan, Russia, Ukraine, Lebanon and Switzerland lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Switzerland (with a CAGR of X.8%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for carbon electrodes for furnaces exports from Turkey, comprising X% of total exports. The second position in the ranking was held by Azerbaijan ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United Arab Emirates amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Azerbaijan (X% per year) and Iraq (X% per year).

Export Prices by Country

The average furnace carbon electrode export price stood at $X per ton in 2022, growing by X% against the previous year. In general, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($X per ton), while the average price for exports to Germany ($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 UK (X%), while the prices for the other major destinations experienced mixed trend patterns.

Furnace Carbon Electrode Imports

Imports into Turkey

In 2022, approx. X tons of carbon electrodes for furnaces were imported into Turkey; which is down by X% on 2021 figures. Overall, imports, however, showed a slight expansion. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, furnace carbon electrode imports rose significantly to $X in 2022. In general, imports, however, posted a notable expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X tons), Spain (X tons) and France (X tons) were the main suppliers of furnace carbon electrode imports to Turkey, with a combined X% share of total imports. India, Malaysia, Germany, Austria and Japan lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

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

Among the main suppliers, Malaysia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average furnace carbon electrode import price amounted to $X per ton, increasing by X% against the previous year. In general, the import price enjoyed moderate growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: 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 Malaysia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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