In 2023, Japan led the global import of natural graphite in powder or flakes with 19.8% of the market share, followed closely by South Korea at 15.54% and the United States at 10.58%. Germany and China rounded out the top five, with shares of 9.99% and 8.79%, respectively. Notable year-on-year increases were seen in Poland (12.96%), Malaysia (4.61%), and Nigeria (530.87%). In contrast, significant declines were observed in Canada (-12.48%), Colombia (-13.12%), and Israel (-17.46%). The CAGR over the past five years provides a nuanced insight into the overall stability and growth prospects of this market.
Future trends to watch for include the increasing demand for natural graphite due to its applications in batteries, especially for electric vehicles. Geopolitical factors and environmental regulations may influence import patterns, potentially causing shifts in market shares among key importing countries. Watch for advancements in synthetic graphite, which may also impact the dynamics of natural graphite imports.
Top countries in Import of Natural Graphite in Powder or Flakes Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Japan | 19.8 | 2023 | +3.21% | -0.23% | View data |
| 2 | 2 South Korea | 15.54 | 2023 | +5.11% | +2.69% | View data |
| 3 | 3 United States | 10.58 | 2023 | +1.29% | +0.71% | View data |
| 4 | 4 Germany | 9.99 | 2023 | +2.54% | +0.85% | View data |
| 5 | 5 China | 8.79 | 2023 | +4.9% | +1.04% | View data |
| 6 | 6 India | 5.68 | 2023 | +4.14% | +3.02% | View data |
| 7 | 7 Poland | 4.57 | 2023 | +5.34% | +12.96% | View data |
| 8 | 8 Austria | 3.94 | 2023 | +2.44% | +0.61% | View data |
| 9 | 9 Belgium | 2.13 | 2023 | +2.39% | +0.92% | View data |
| 10 | 10 Hungary | 1.97 | 2023 | +6.71% | +0.97% | View data |
