The import of natural graphite, excluding powder or flakes, to India is forecasted to exhibit a steady decrease from 2024 onwards. The forecast indicates a slight year-on-year decline averaging at a consistent pace throughout the five-year period up to 2028. In 2023, the value stood firm before the declines began. Specifically, the compound annual growth rate (CAGR) reflects a gradual reduction in import volumes over these years.
Future trends to watch for include:
- Potential shifts in domestic graphite production affecting import levels.
- Emerging technologies and industries influencing graphite demand.
- Economic and policy changes, both domestically and internationally, impacting trade dynamics.