In 2023, the import value of non-electrical articles of graphite or other carbon to China was $234 million USD. Forecasts for 2024 to 2028 show a steady increase to $267.67 million USD by 2028. The year-on-year growth from 2024 to 2028 averages approximately 2.67%. This projection indicates a gradual upward trend, highlighting a consistent demand in China.
Future trends to watch for include:
- China's industrial expansion could further boost imports of carbon-related products.
- Sustainability measures and advancements in carbon capture and utilization technology, which may influence market dynamics.
- Trade policies and international relations affecting import tariffs and supply chain consistency.