The natural graphite market size value in Belgium has experienced a consistent decline from 2012 to 2022, starting at $15.015 million in 2012 and decreasing to $9.4209 million in 2022. The yearly variations show fluctuations, with the largest drop of -15.1% in 2012, and minor increases around 0.2% in 2015, 2016, and 2017. The Compound Annual Growth Rate (CAGR) reflects this trend, showing a general negative pattern with the most significant drop at -6.38% in the five years ending in 2016.
Notable trends include:
- Year-on-year variations have generally trended downward with occasional minimal increases.
- Average annual declines have intensified in the last five years, signifying a persistent decrease in market size.
Future trends to watch for in 2024 and beyond include the impact of technological advancements on graphite applications, regulations affecting mining and exports, and shifts in global market demand for sustainable and high-tech manufacturing materials such as electric vehicle batteries and renewable energy technologies.
| # | 9 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 112,030,000 | 2023 | +2.17% | +2.55% | View data |
| 2 | 2 Canada | 31,753,000 | 2023 | +0.25% | -0.048% | View data |
| 3 | 3 Italy | 31,511,000 | 2023 | -0.3% | -0.77% | View data |
| 4 | 4 France | 23,298,000 | 2023 | -1.3% | -2.57% | View data |
| 5 | 5 Mexico | 12,574,000 | 2023 | -4.71% | -4.16% | View data |
| 6 | 6 Thailand | 11,405,000 | 2023 | +1.66% | +2.88% | View data |
| 7 | 7 Belgium | 8,109,400 | 2023 | -7.39% | -6.24% | |
| 8 | 8 Switzerland | 2,849,400 | 2023 | -0.77% | -0.81% | View data |
| 9 | 9 Slovenia | 720,910 | 2023 | -1.65% | +0.98% | View data |
