Between 2013 and 2023, China's natural graphite exports experienced substantial fluctuations, with values ranging from a low of 240 Thousand Metric Tons in 2016 to a high of 340 Thousand Metric Tons in 2017 and 2018. Recent years have shown a declining trend, with the export volume standing at 283.1 Thousand Metric Tons in 2023. The last two years have seen a moderate decline with year-on-year variations of -1.46% and -1.45% respectively. Over the last five years, the Compound Annual Growth Rate (CAGR) has declined by around -3.6%.
Looking forward, forecasted data from 2024 to 2028 indicate a continuation of the downward trend. The export volume is expected to decrease at a CAGR of -1.26%, resulting in a cumulative decline of around -6.16% over the next five years.
Future trends to watch for include:
- Shifts in global demand for electric vehicles and renewable energy storage, which heavily rely on natural graphite.
- Emerging competition from synthetic graphite and alternative materials.
- Policy changes and environmental regulations in China that could impact graphite production and exports.
