Canadian natural graphite production exhibited significant fluctuations over the years. In 2013, the production was marked at 20.0 thousand metric tons, and it reached its peak in 2014 and 2015 at 30.0 thousand metric tons before seeing a sharp decline in subsequent years. Notably, 2020 saw the lowest production value at 7.62 thousand metric tons. However, there was a recovery, with 2021 registering a substantial increase to 12.0 thousand metric tons and further improvement in 2022 at 15.0 thousand metric tons. By 2023, the production stood at 13.18 thousand metric tons.
Analyzing recent trends, the year-on-year variation showed a 12.13% decrease from 2022 to 2023, and a Compound Annual Growth Rate (CAGR) of 3.68% over the last five years.
Future trends to watch for:
- Continuous slight decline in production as forecasted up to 2028, with a projected CAGR of -2.49% for the next five years.
- Potential innovations in extraction technologies and market dynamics that might counter the downward trend.
