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