The import of artificial graphite and preparations to Thailand witnessed significant fluctuations between 2013 and 2023, with values ranging from $24.149 million in 2013 to $39.78 million in 2023. In 2023, the market stood at $39.78 million. Over the last two years, the year-on-year variations showed an increase of 9.21% in 2022 and 3.54% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years from 2018 to 2023 averaged at 5.32%, indicating moderate growth.
Future trends to watch for include:
- Technological advancements in artificial graphite production techniques.
- Shifts in global trade policies impacting import-export dynamics.
- Increased demand in renewable energy sectors, potentially driving up import volumes and values.
- Environmental regulations and their impact on artificial graphite production and use.