In 2023, Belgium imported 12.46 million kilograms of natural graphite in powder or flakes. The forecasted figures show a consistent increase in imports from 2024 to 2028, with values slated to rise from 12.877 million kilograms to 14.51 million kilograms. Year-on-year growth rates indicate a steady upward trend, with each year's import volume expected to grow by around 3.27%. The Compound Annual Growth Rate (CAGR) over the five-year forecast period is approximately 3.8%.
Future trends to watch for:
- Advancements in battery technology and renewable energy sectors driving higher demand for natural graphite.
- Potential supply chain disruptions or geopolitical factors influencing import volumes.
- Environmental regulations and sustainability considerations impacting mining and import practices.
