World - Carbon Electrodes Not For Furnaces - Market Analysis, Forecast, Size, Trends and Insights
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View PricingCarbon Electrode Not For Furnaces Market
The market for carbon electrodes not for furnaces is projected to grow steadily over the next eight years, with a forecasted CAGR of +1.5% in volume and +3.1% in value from 2022 to 2030. The consumption of carbon electrodes globally saw a significant increase in 2022, with notable growth in countries like Russia, the Netherlands, and China. Production and exports also experienced growth, particularly in China which dominates the market. Import prices fluctuated over the years, while export prices showed steady growth. Overall, the global market for carbon electrodes not for furnaces is poised for continued expansion in the coming years.
Market Forecast
Driven by increasing demand for carbon electrodes not for furnaces worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 2M tons by the end of 2030.
In value terms, the market is forecast to increase with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market value to $27B (in nominal prices) by the end of 2030.
Consumption
World Consumption of Carbon Electrodes Not For Furnaces
In 2022, approx. 1.8M tons of carbon electrodes not for furnaces were consumed worldwide; growing by 26% on the previous year. Over the period under review, the total consumption indicated a perceptible expansion from 2012 to 2022: its volume 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, consumption increased by +34.1% against 2019 indices. Over the period under review, global consumption reached the peak volume in 2022 and is likely to continue growth in the immediate term.
The value of the market for carbon electrodes not for furnaces worldwide surged to $21.1B in 2022, rising by 72% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a strong expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.
Consumption By Country
The countries with the highest volumes of consumption in 2022 were Russia (256K tons), the Netherlands (212K tons) and China (165K tons), with a combined 36% share of global consumption. Iceland, the United States, Greece, India, Sweden, Germany, Bahrain, Japan, Bangladesh and the United Arab Emirates lagged somewhat behind, together accounting for a further 39%.
From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of +47.5%), while consumption for the other global leaders experienced more modest paces of growth.
In value terms, Russia ($6.6B) led the market, alone. The second position in the ranking was taken by the United States ($3B). It was followed by Japan.
In Russia, the carbon electrode not for furnaces market expanded at an average annual rate of +2.7% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+28.8% per year) and Japan (+10.9% per year).
In 2022, the highest levels of carbon electrode not for furnaces per capita consumption was registered in Iceland (384 kg per person), followed by Bahrain (24 kg per person), the Netherlands (12 kg per person) and Greece (8.1 kg per person), while the world average per capita consumption of carbon electrode not for furnaces was estimated at 0.2 kg per person.
From 2012 to 2022, the average annual growth rate of the carbon electrode not for furnaces per capita consumption in Iceland stood at +4.4%. In the other countries, the average annual rates were as follows: Bahrain (+24.6% per year) and the Netherlands (-5.2% per year).
Production
World Production of Carbon Electrodes Not For Furnaces
For the third consecutive year, the global market recorded growth in production of carbon electrodes not for furnaces, which increased by 3.4% to 3.1M tons in 2022. Over the period under review, production continues to indicate a moderate increase. The growth pace was the most rapid in 2017 when the production volume increased by 62%. Global production peaked in 2022 and is likely to continue growth in the immediate term.
In value terms, carbon electrode not for furnaces production reached $12.6B in 2022 estimated in export price. In general, production posted strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 53% against the previous year. Over the period under review, global production attained the maximum level at $13B in 2020; however, from 2021 to 2022, production failed to regain momentum.
Production By Country
The country with the largest volume of carbon electrode not for furnaces production was China (2.3M tons), comprising approx. 74% of total volume. Moreover, carbon electrode not for furnaces production in China exceeded the figures recorded by the second-largest producer, the Netherlands (207K tons), more than tenfold. The United States (82K tons) ranked third in terms of total production with a 2.6% share.
In China, carbon electrode not for furnaces production expanded at an average annual rate of +6.2% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: the Netherlands (-5.1% per year) and the United States (+15.0% per year).
Imports
World Imports of Carbon Electrodes Not For Furnaces
In 2022, the amount of carbon electrodes not for furnaces imported worldwide soared to 1.3M tons, with an increase of 97% on the previous year's figure. Over the period under review, total imports indicated a temperate increase from 2012 to 2022: its volume increased at an average annual rate of +2.7% 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 electrode not for furnaces imports surged to $2.7B in 2022. In general, imports saw resilient growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
Imports By Country
In 2022, Norway (324K tons), Russia (250K tons) and Iceland (229K tons) represented the largest importer of carbon electrodes not for furnaces in the world, mixing up 62% of total import. It was distantly followed by Greece (86K tons) and Sweden (77K tons), together making up a 13% share of total imports. The following importers - India (46K tons), Bahrain (43K tons), the United Arab Emirates (34K tons), Germany (33K tons), Azerbaijan (30K tons) and Canada (27K tons) - together made up 17% of total imports.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Greece (with a CAGR of +47.5%), while imports for the other global leaders experienced more modest paces of growth.
In value terms, the United Arab Emirates ($448M), Norway ($426M) and Canada ($404M) constituted the countries with the highest levels of imports in 2022, together accounting for 48% of global imports. Russia, Iceland, Sweden, India, Bahrain, Germany, Azerbaijan and Greece lagged somewhat behind, together accounting for a further 34%.
Iceland, with a CAGR of +34.4%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Import Prices By Country
In 2022, the average import price for carbon electrodes not for furnaces amounted to $2,079 per ton, shrinking by -18.1% against the previous year. Over the period under review, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, carbon electrode not for furnaces import price increased by +31.0% against 2020 indices. The growth pace was the most rapid in 2021 an increase of 60%. As a result, import price reached the peak level of $2,539 per ton, and then dropped sharply in the following year.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($15,041 per ton), while Greece ($155 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+24.1%), while the other global leaders experienced more modest paces of growth.
Exports
World Exports of Carbon Electrodes Not For Furnaces
For the third consecutive year, the global market recorded growth in shipments abroad of carbon electrodes not for furnaces, which increased by 16% to 2.7M tons in 2022. Overall, total exports indicated strong growth from 2012 to 2022: its volume increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +154.0% against 2016 indices. The growth pace was the most rapid in 2017 with an increase of 41%. The global exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, carbon electrode not for furnaces exports skyrocketed to $3.3B in 2022. Over the period under review, exports showed a strong increase. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. The global exports peaked in 2022 and are expected to retain growth in the near future.
Exports By Country
China was the largest exporting country with an export of about 2.2M tons, which resulted at 81% of total exports. It was distantly followed by Norway (293K tons), achieving an 11% share of total exports. Iceland (87K tons) and Poland (52K tons) held a relatively small share of total exports.
Exports from China increased at an average annual rate of +5.9% from 2012 to 2022. At the same time, Poland (+8.9%) and Norway (+4.5%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +8.9% from 2012-2022. Iceland experienced a relatively flat trend pattern. While the share of Iceland (+3.3 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, China ($2.5B) remains the largest carbon electrode not for furnaces supplier worldwide, comprising 77% of global exports. The second position in the ranking was held by Poland ($196M), with a 5.9% share of global exports. It was followed by Norway, with a 4.2% share.
From 2012 to 2022, the average annual growth rate of value in China totaled +12.2%. In the other countries, the average annual rates were as follows: Poland (+9.7% per year) and Norway (-0.5% per year).
Export Prices By Country
In 2022, the average export price for carbon electrodes not for furnaces amounted to $1,248 per ton, increasing by 21% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Poland ($3,788 per ton), while Norway ($475 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Iceland (+6.8%), while the other global leaders experienced more modest paces of growth.
This report provides an in-depth analysis of the global market for carbon electrode not for furnaces. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 27901350 - Carbon electrodes (excluding for furnaces)
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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