Report Update: Apr 1, 2024

Hungary - Carbon Electrodes For Furnaces - Market Analysis, Forecast, Size, Trends And Insights

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Furnace Carbon Electrode Price in Hungary - 2023

Furnace Carbon Electrode Price in Hungary (CIF) - 2022

In 2022, the average furnace carbon electrode import price amounted to $5,127 per ton, with an increase of 3.7% against the previous year. In general, the import price enjoyed mild growth. The most prominent rate of growth was recorded in 2019 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $9,584 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

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 the Netherlands ($14,550 per ton), while the price for Russia ($3,723 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Furnace Carbon Electrode Price in Hungary (FOB) - 2022

In 2022, the average furnace carbon electrode export price amounted to $7,645 per ton, with a decrease of -36.7% against the previous year. Overall, the export price recorded a deep slump. The pace of growth was the most pronounced in 2015 an increase of 2,460%. As a result, the export price reached the peak level of $770,574 per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Mexico ($138,627 per ton), while the average price for exports to Germany ($3,745 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 Spain (-70.0%).

Furnace Carbon Electrode Imports in Hungary

In 2022, approx. 918 tons of carbon electrodes for furnaces were imported into Hungary; with a decrease of -42.1% against 2021 figures. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 80% against the previous year. As a result, imports reached the peak of 1.6K tons, and then dropped markedly in the following year.

In value terms, furnace carbon electrode imports shrank sharply to $4.7M in 2022. In general, imports faced a drastic downturn. The pace of growth was the most pronounced in 2020 with an increase of 12%. As a result, imports reached the peak of $8.5M. From 2021 to 2022, the growth of imports remained at a lower figure.

Import of Furnace Carbon Electrode in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	954	254	1,623	1,077	4.1%
Spain	N/A	N/A	N/A	1,070	0%
Italy	N/A	3.8	1,498	885	1426.1%
Netherlands	1,194	1,097	1,347	698	-16.4%
Germany	1,175	1,303	927	605	-19.8%
Czech Republic	517	160	347	170	-31.0%
Russia	830	519	451	47.8	-61.4%
Slovakia	833	4,654	1,032	N/A	11.3%
Slovenia	N/A	212	49.5	N/A	-76.7%
Others	2,037	249	564	154	-57.7%
Total	7,539	8,452	7,839	4,706	-14.5%

Top Suppliers of Furnace Carbon Electrode to Hungary in 2022:

China (276.8 tons)
Spain (194.9 tons)
Italy (192.3 tons)
Germany (144.4 tons)
Netherlands (48.0 tons)
Czech Republic (45.3 tons)
Russia (12.8 tons)

Furnace Carbon Electrode Exports in Hungary

Furnace carbon electrode exports from Hungary skyrocketed to 15 tons in 2022, jumping by 760% against the previous year's figure. Overall, exports saw a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 4,974%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, furnace carbon electrode exports soared to $117K in 2022. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2021 when exports increased by 1,901%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Export of Furnace Carbon Electrode in Hungary (Thousand USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Mexico	N/A	N/A	N/A	55.5	0%
Germany	1.7	N/A	N/A	43.2	194.0%
Bosnia and Herzegovina	N/A	N/A	N/A	14.5	0%
Spain	3.2	N/A	N/A	1.8	-17.5%
Austria	2.0	N/A	N/A	N/A	0%
Saudi Arabia	N/A	N/A	21.0	N/A	0%
Others	8.0	1.1	0.5	1.8	-39.2%
Total	14.9	1.1	21.5	117	98.8%

Top Export Markets for Furnace Carbon Electrode from Hungary in 2022:

Germany (11.5 tons)
Bosnia and Herzegovina (2.7 tons)
Mexico (0.4 tons)
Spain (0.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the furnace carbon electrode market in Hungary. 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 27901330 - Carbon electrodes for furnaces

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023