In 2023, Brazil imported natural graphite in powder or flakes valued at approximately 2.32 million USD. Forecasted figures indicate a stable upward trend with a consistent increase each year: 2024 is projected at 2.39 million USD, reaching 2.69 million USD by 2028. Year-on-year percentage variations suggest a steady growth rate of around 3%. The compound annual growth rate (CAGR) over the five-year period is projected to be roughly 3.2%.
Future trends to watch for:
- Rising demand in electric vehicle production, which heavily utilizes graphite in lithium-ion batteries, could further boost imports.
- Global geopolitical changes affecting graphite supply chains might impact import volumes and values.
- Innovations in alternative battery technologies could shift demand in the coming years.