United Kingdom: Furnace Carbon Electrode Market 2024

Furnace Carbon Electrode Market Size in the UK

The UK furnace carbon electrode market shrank to $X in 2022, falling by X% against the previous year. In general, consumption saw a perceptible reduction. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Furnace Carbon Electrode Production in the UK

In value terms, furnace carbon electrode production contracted to $X in 2022 estimated in export price. Overall, production continues to indicate a pronounced contraction. The growth pace was the most rapid in 2018 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

Furnace Carbon Electrode Exports

Exports from the UK

In 2022, exports of carbon electrodes for furnaces from the UK dropped to X tons, reducing by X% against the year before. Over the period under review, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, furnace carbon electrode exports skyrocketed to $X in 2022. Overall, exports saw a deep 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 hit record highs at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

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, with a combined X% share of total exports. The Czech Republic, South Africa, the Netherlands, Italy and Saudi Arabia lagged somewhat behind, together comprising 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 and Saudi Arabia lagged somewhat behind, together accounting for a further X%.

The Czech Republic, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average furnace carbon electrode export price stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. 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 the Netherlands ($X per ton), while the average price for exports to Saudi Arabia ($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 mixed trend patterns.

Furnace Carbon Electrode Imports

Imports into the UK

After three years of decline, overseas purchases of carbon electrodes for furnaces increased by X% to X tons in 2022. Over the period under review, imports, however, saw a abrupt slump. The growth pace was the most rapid 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 contracted rapidly to $X in 2022. In general, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

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. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Spain amounted to 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), together accounting for X% of total imports. China, France, Switzerland and Japan lagged somewhat behind, together comprising a further X%.

Switzerland, with a CAGR of X%, recorded the highest growth rate of the value of imports, among the main suppliers 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. Over the period under review, the import price, however, continues to indicate a perceptible increase. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

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 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