The forecast for Japan's import of natural graphite in powder or flakes shows a steady increase from 2024 to 2028. In 2023, this import stood at 88.5 million kilograms. The year-on-year growth rates are consistent, indicating a robust demand in the market, with a notable increase of around 3.29% annually from 2024 onwards. The five-year compound annual growth rate (CAGR) is projected to be approximately 3.15%, reflecting positive and stable growth in imports.
Future trends to watch for include:
- Potential shifts in demand driven by advancements in battery technology and electric vehicle production.
- Impacts of trade policies and geopolitical factors on graphite supply chains.
- Development of sustainable mining practices and alternatives in response to environmental concerns.
