In 2023, the import value of natural graphite (except powder or flakes) to India was noted. Based on the forecasted data, the import values for 2024 through 2028 demonstrate a steady increase from 1.3412 million USD in 2024 to 1.3892 million USD in 2028. This indicates a consistent upward year-on-year growth pattern.
The average year-on-year variation percentage over the last two years reflects a modest positive growth trajectory. Notably, the compound annual growth rate (CAGR) over the next five years is also indicative of a gradual but steady increase in import values.
Future trends to watch for include global demand shifts for natural graphite, particularly from industries such as electric vehicles and renewable energy, which could significantly impact import volumes and values. Additionally, fluctuations in global supply chains and trade policies may influence the forecasted growth trends.
