The import of natural graphite in powder or flakes to India is forecasted to see a steady increase from $35.342 million in 2024 to $40.895 million in 2028. This indicates a gradual year-on-year increase, with an average annual compound growth rate (CAGR) over these five years. Given that data from 2023 is not explicitly mentioned, the analysis assumes a growing trajectory already in place by 2023, aligning with past trends of increasing demand.
Key trends to monitor in the future include:
- Fluctuations in global supply chain dynamics impacting graphite import costs.
- Growing adoption of electric vehicles and renewable energy storage technologies, which are likely to drive demand.
- Potential policy changes regarding mining and importation of raw materials that could affect accessibility and pricing.
