The import of artificial graphite and preparations to India stood at 117.50 million USD in 2023. The forecasted values show a year-on-year growth from 2024 to 2028: 4.3% in 2024, 4.3% in 2025, 4.0% in 2026, 3.8% in 2027, and 3.6% in 2028. Over the last two years, the year-on-year variation has been consistent, averaging 4.1%. The compound annual growth rate (CAGR) over the next five years is projected to be approximately 4.0%.
Future trends to watch for include the impact of advancements in battery technologies, especially for electric vehicles, which may drive demand for artificial graphite. Additionally, potential trade regulations and international market dynamics could influence import volumes and values. Monitoring these factors will be crucial for accurate forecasting and strategic decision-making.
