In 2023, the import value of artificial graphite to India stood at 30.151 million US dollars. The forecasted values from 2024 to 2028 indicate a consistent growth pattern. The year-on-year percentage variations show an increase: 2024 by 8.23%, 2025 by 4.81%, 2026 by 4.50%, 2027 by 4.22%, and 2028 by 3.97%. Evaluating over the forecast period, the compound annual growth rate (CAGR) from 2024 to 2028 is anticipated to be approximately 4.75%.
Future trends to watch for include: potential growth in demand for artificial graphite driven by advancements in electric vehicle battery technology, the impact of governmental policies on import regulations, and fluctuations in raw material prices due to market dynamics and geopolitical influences.
