Carbon Electrode Market Overview in the United Kingdom
Market Overview
For the fourth year in a row, the UK carbon electrode market recorded growth in sales value, which increased by 
% to $ in 2019. In general, consumption saw a tangible increase. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the near future.
In value terms, carbon electrode production totaled $ in 2019 estimated in export prices. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.
% to $ in 2019. In general, consumption saw a tangible increase. The pace of growth was the most pronounced in 2011 when the market value increased by % against the previous year. Over the period under review, the market hit record highs in 2019 and is likely to continue growth in the near future.In value terms, carbon electrode production totaled $
in 2019 estimated in export prices. Over the period under review, production posted a remarkable increase. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2016; however, from 2017 to 2019, production failed to regain the momentum.Consumption
In 2019, after three years of growth, there was significant decline in consumption of carbon electrodes, when its volume decreased by -% to tonnes. In general, consumption continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2012 to 2019, the growth of the consumption remained at a lower figure.
The value of the carbon electrode market in the UK was estimated at $ in 2019, growing by % 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). Over the period under review, consumption posted a tangible expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.
% to tonnes. In general, consumption continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2011 when the consumption volume increased by % year-to-year. As a result, consumption reached the peak volume of tonnes. From 2012 to 2019, the growth of the consumption remained at a lower figure.The value of the carbon electrode market in the UK was estimated at $
in 2019, growing by % 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). Over the period under review, consumption posted a tangible expansion. The most prominent rate of growth was recorded in 2011 when the market value increased by % y-o-y. Over the period under review, the market reached the peak level in 2019 and is expected to retain growth in the immediate term.Market Forecast
Depressed by shrinking demand for carbon electrode in the UK, the market is expected to continue its downward consumption trend over the next decade. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .
% for the period from 2019 to , which is projected to depress the market volume to tonnes by the end of .Market Structure
Affected by an intensive growth in domestic production, which will gradually displace imported products from the market, the share of imports decreased from % in 2007 to % in 2019. The UK domestic supply is expected to continue its growth.
% in 2007 to % in 2019. The UK domestic supply is expected to continue its growth.Trade Balance
The UK remains a net importer of carbon electrode; in physical and value terms, imports consistently exceeded exports from 2007 to 2019. In 2019, there was a significant trade deficit of tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
tonnes, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.
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