In 2023, the import of natural graphite, except powder or flakes, to the Philippines stood at 5.9 million kilograms. For the years 2024 to 2028, the imports are forecasted to rise steadily, beginning at 6.2045 million kilograms in 2024 and reaching 7.4711 million kilograms in 2028. The year-on-year percentage increase from 2024 to 2025 is approximately 5.3%, from 2025 to 2026 is about 4.9%, from 2026 to 2027 is around 4.6%, and from 2027 to 2028 is roughly 4.3%. The Compound Annual Growth Rate (CAGR) over the five-year forecasted period averages to approximately 4.8% per year.
Future trends to watch for include technological advancements in material sciences that could affect the demand for natural graphite, fluctuations in global market prices, and changes in trade policies that may impact import volumes. Additionally, the increasing adoption of electric vehicles and renewable energy technologies, which use significant amounts of graphite, might further boost the import volumes in the coming years.
