The import of artificial graphite to Belgium is forecasted to increase steadily from 2024 to 2028. The volume of imports is projected to rise from 6.1856 million kilograms in 2024 to 6.4244 million kilograms by 2028. Based on available data, the import volume in 2023 stood at 6.1236 million kilograms. The year-on-year growth analysis indicates a modest yet consistent uptick of approximately 1% annually. Over the past two years, there has been a noticeable increase in import volume, reflecting a growth trend. The compound annual growth rate (CAGR) over the next five years is expected to be around 0.9%.
Future trends to watch for include the potential impact of increasing demand for electric vehicles, which use artificial graphite in their batteries, and the adoption of sustainable practices in industries such as steel production that could drive further demand for artificial graphite.
