Forecast: Graphite Production in India

Graphite production in India experienced significant variations between 2013 and 2023. The value in 2023 stood at 186.88 thousand metric tons. Notable trends include a stable production level from 2013 to 2016, followed by gradual increases until 2019. In 2020, production sharply declined by 15.95%, largely due to disruptions. Subsequently, production rebounded with a 21.96% increase in 2021 and continued modest growth through 2023. The Compound Annual Growth Rate (CAGR) over the last five years was 1.23%, signifying steady progress.

Future trends to watch for:

  • Expected continued annual growth with a forecasted CAGR of 0.91% from 2024 to 2028
  • A shift towards advanced technologies in graphite production
  • Increasing demand from electric vehicle and battery manufacturing sectors
  • Potential impacts of environmental regulations and sustainability initiatives

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