In 2023, the import of non-electrical articles of graphite or other carbon to India was approximately 3.08 million kilograms. The forecast from 2024 to 2028 shows a consistent upward trend, with values rising annually, indicating a stable growth outlook.
Year-on-year, the volume is projected to grow by about 3.18% from 2024 to 2025, 3.03% from 2025 to 2026, 2.88% from 2026 to 2027, and 2.74% from 2027 to 2028. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is calculated to be approximately 3.1%, showcasing a steady increase in imports.
Future trends to watch for:
- Technological innovations in the carbon industry may impact import volumes positively.
- Policy changes in import tariffs or trade relations could alter growth trajectories.
- Domestic production capabilities and sustainability drives might influence future import needs.
