In 2023, Mexico's graphite production stood at 26.03 thousand metric tons, marking a steady rise from previous years. The year-on-year variation for 2023 was 2.25%, while the CAGR over the last five years was 2.46%. This indicates consistent growth despite a notable dip in 2020, where production fell by 14.86% compared to the previous year.
Key Trends:
- The initial sharp increase in 2014, a 207.78% rise from 2013, signals a significant boost in production capacity or demand.
- A plateau from 2015 to 2016 suggests stabilization post-expansion, with minor growth corrections from 2017 onwards.
- After the 2020 decline, the recovery trend is evident, peaking in 2021 with a 23.44% increase.
Future Trends to Watch:
- Continued modest growth with a projected 1.71% CAGR over the next five years, reflecting steady but slow increments in production capacity or demand.
- Potential impacts of technological advancements in extraction and processing on production efficiency.
- Shifts in global graphite demand, especially from sectors like electric vehicles and energy storage, influencing production adjustments in Mexico.
