Based on the data provided, the import of natural graphite to India is projected to increase from $36.683 million in 2024 to $42.284 million by 2028. This demonstrates an upward trend in the forecasted period from 2024 to 2028.
The year-on-year variations are:
- 2024 to 2025: 3.94%
- 2025 to 2026: 3.71%
- 2026 to 2027: 3.51%
- 2027 to 2028: 3.32%
The overall compound annual growth rate (CAGR) over the five years from 2024 to 2028 is approximately 3.62%.
Future trends to watch for include potential changes in the global supply chain, emerging technologies affecting graphite usage, and India's policy adjustments on import regulations which could influence the volume and value of imports. Increased focus on renewable energy and electric vehicles may also drive the demand for natural graphite, influencing future trade patterns.
