United Kingdom: Market for Articles Of Graphite Or Other Carbon For Electrical Purposes 2025

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

In 2022, the UK carbon for electrical purposes market increased by 0.2% to $X, rising for the second consecutive year after three years of decline. Over the period under review, consumption, however, saw a buoyant expansion. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

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

In value terms, carbon for electrical purposes production rose to $X in 2022 estimated in export price. Overall, production, however, posted a buoyant expansion. The growth pace was the most rapid in 2019 with an increase of 74% against the previous year. Carbon for electrical purposes production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Exports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Exports from the UK

In 2022, exports of articles of graphite or other carbon for electrical purposes from the UK rose modestly to X tons, growing by 4.4% on the previous year. Overall, exports, however, recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2017 when exports increased by 32%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, carbon for electrical purposes exports surged to $X in 2022. In general, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 39%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Brazil (X tons), Australia (X tons) and Norway (X tons) were the main destinations of carbon for electrical purposes exports from the UK, together comprising 51% of total exports. The Czech Republic, Sweden, Germany, Italy, France, South Korea, Turkey and the United Arab Emirates lagged somewhat behind, together accounting for a further 33%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +75.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for carbon for electrical purposes exported from the UK were Brazil ($X), Germany ($X) and Italy ($X), with a combined 42% share of total exports. The Czech Republic, South Korea, Sweden, Australia, France, Turkey, Norway and the United Arab Emirates lagged somewhat behind, together accounting for a further 30%.

Among the main countries of destination, Turkey, with a CAGR of +70.9%, 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 23% against the previous year. Overall, export price indicated pronounced growth from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 increased by +34.7% against 2020 indices. The growth pace was the most rapid in 2014 an increase of 60% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per ton), while the average price for exports to Australia ($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 Italy (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Articles Of Graphite Or Other Carbon For Electrical Purposes

Imports into the UK

In 2022, after two years of decline, there was significant growth in purchases abroad of articles of graphite or other carbon for electrical purposes, when their volume increased by 187% to X tons. Over the period under review, imports, however, continue to indicate a abrupt descent. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, carbon for electrical purposes imports soared to $X in 2022. Overall, imports recorded strong growth. The pace of growth was the most pronounced in 2017 with an increase of 94% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of carbon for electrical purposes to the UK, with a 60% share of total imports. Moreover, carbon for electrical purposes imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), fourfold. The third position in this ranking was held by Germany (X tons), with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to -10.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-0.2% per year) and Germany (-14.2% per year).

In value terms, the United States ($X), South Korea ($X) and Germany ($X) were the largest carbon for electrical purposes suppliers to the UK, with a combined 87% share of total imports.

South Korea, with a CAGR of +77.4%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 carbon for electrical purposes import price amounted to $X per ton, falling by -48.1% against the previous year. Over the period under review, the import price, however, enjoyed a significant increase. The growth pace was the most rapid in 2018 when the average import price increased by 165%. Over the period under review, average import prices hit record highs at $X per ton in 2021, and then contracted dramatically in the following year.

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 Belgium ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+68.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :