United Kingdom: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in the UK

The UK furnace carbon electrode market reduced to $X in 2022, shrinking by X% against the previous year. Overall, consumption continues to indicate a resilient increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Furnace Carbon Electrode Production in the UK

In value terms, furnace carbon electrode production fell markedly to $X in 2022 estimated in export price. Overall, production saw a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Furnace carbon electrode production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from the UK

In 2022, overseas shipments of carbon electrodes for furnaces increased by X% to X tons for the first time since 2018, thus ending a three-year declining trend. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, furnace carbon electrode exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Germany (X tons) and Canada (X tons) were the main destinations of furnace carbon electrode exports from the UK, together comprising X% of total exports. The Czech Republic, South Africa, the Netherlands, Italy, Saudi Arabia and Turkey lagged somewhat behind, together accounting for a further X%.

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

In value terms, the United States ($X), Germany ($X) and Canada ($X) were the largest markets for furnace carbon electrode exported from the UK worldwide, with a combined X% share of total exports. The Netherlands, South Africa, the Czech Republic, Italy, Turkey and Saudi Arabia lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, the Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average furnace carbon electrode export price amounted to $X per ton, with an increase of X% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per ton), while the average price for exports to Canada ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Furnace Carbon Electrode Imports

Imports into the UK

After three years of decline, supplies from abroad of carbon electrodes for furnaces increased by X% to X tons in 2022. In general, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. As a result, imports reached the peak of X tons. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, furnace carbon electrode imports dropped significantly to $X in 2022. Over the period under review, imports, however, saw a pronounced setback. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of furnace carbon electrode to the UK, with a X% share of total imports. Moreover, furnace carbon electrode imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), twofold. The third position in this ranking was taken by China (X tons), with an X% share.

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

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

In terms of the main suppliers, Switzerland, with a CAGR of X%, saw the highest growth rate of 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

The average furnace carbon electrode import price stood at $X per ton in 2022, declining by X% against the previous year. Overall, the import price, however, recorded a notable increase. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The import price peaked 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 Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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