The import of natural graphite in powder or flakes to India stood at 52.556 million kilograms in 2023. Observing the year-on-year variations, there was an increase from 2022 to 2023 by 4.33%. Over the last two years, from 2021 to 2023, the year-on-year variation showed an average increment despite occasional fluctuations. The Compound Annual Growth Rate (CAGR) over the last five years reached 4.59%, indicating a steady growth even though the pace reduced slightly compared to prior periods.

Future trends to watch:

Technological advancements in battery manufacturing and renewable energy storage, propelling demand for natural graphite.
Economic policies and trade relations affecting import duties and pricing of graphite.
Sustainability trends and regulatory changes promoting environmentally conscious production and usage of graphite.