The import of natural graphite in powder or flakes to Canada is forecasted to decline steadily from 2024 through 2028, starting at $2.5822 million in 2024 and decreasing to $2.2835 million by 2028. Based on data up to 2023, there is an observable downward trend. Comparing the year-on-year changes indicates consistent decreases, reflecting a slowing demand or potential market shifts. Calculating the compound annual growth rate (CAGR) reveals an ongoing annual decline from 2024 to 2028.
Future trends to watch for include changes in demand for battery metals influencing graphite imports, advances in synthetic graphite technologies potentially affecting natural graphite markets, and evolving global trade policies that may impact supply chains. Additionally, market dynamics relating to electric vehicles and renewable energy will be key indicators of future import trends.
