The import of natural graphite to the UK is projected to decrease from 2024 to 2028. The values are forecasted to be $5.7794 million in 2024 and will decline each year, reaching $4.7427 million in 2028. This represents a year-on-year decrease of about -4.6% from 2024 to 2025, -4.8% from 2025 to 2026, -4.9% from 2026 to 2027, and -5.0% from 2027 to 2028. Over the last two years, the import values have shown a clear downward trend. The Compound Annual Growth Rate (CAGR) from 2024 to 2028 indicates an average annual decline of approximately -5%.
Future trends to watch for include the UK's efforts in increasing domestic production of natural graphite, shifts towards synthetic graphite alternatives, and changes in global supply chains due to geopolitical events. Monitoring advancements in battery technology and demand in the electric vehicle market will also be crucial, as these could significantly impact future import levels.
- 2024: $5.7794 million (forecasted)
- 2025: $5.5123 million (forecasted)
- 2026: $5.2506 million (forecasted)
- 2027: $4.9941 million (forecasted)
- 2028: $4.7427 million (forecasted)
