India: Graphite Market 2025

Graphite Market Size in India

In 2021, after two years of decline, there was significant growth in the Indian graphite market, when its value increased by 20% to $X. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the near future.

Graphite Production in India

In value terms, graphite production contracted to $X in 2021 estimated in export price. In general, the total production indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +7.1% against 2016 indices. The growth pace was the most rapid in 2016 with an increase of 32% against the previous year. Graphite production peaked at $X in 2020, and then fell in the following year.

Graphite Exports

Exports from India

In 2021, approx. X tons of graphite (natural) were exported from India; surging by 4.1% against the year before. Overall, exports, however, faced a deep slump. The pace of growth appeared the most rapid in 2017 when exports increased by 246% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, graphite exports expanded rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2017 with an increase of 246% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Tanzania (X tons), the United Arab Emirates (X tons) and Malaysia (X tons) were the main destinations of graphite exports from India, together comprising 59% of total exports.

From 2012 to 2021, the biggest increases were in Tanzania (with a CAGR of +177.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for graphite exported from India were Tanzania ($X), the United Arab Emirates ($X) and Malaysia ($X), together accounting for 53% of total exports.

Tanzania, with a CAGR of +187.4%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average graphite export price amounted to $X per ton, growing by 4.2% against the previous year. Overall, the export price, however, saw a perceptible slump. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mauritania (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Imports

Imports into India

In 2021, graphite imports into India soared to X tons, growing by 27% against the year before. In general, imports saw buoyant growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, graphite imports skyrocketed to $X in 2021. Over the period under review, total imports indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China (X tons), Madagascar (X tons) and Mozambique (X tons) were the main suppliers of graphite imports to India, with a combined 93% share of total imports. These countries were followed by Vietnam and Brazil, which together accounted for a further 2.7%.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +52.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Madagascar ($X), China ($X) and Mozambique ($X) appeared to be the largest graphite suppliers to India, with a combined 86% share of total imports. These countries were followed by Brazil and Vietnam, which together accounted for a further 2.5%.

Vietnam, with a CAGR of +32.3%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average graphite import price stood at $X per ton in 2021, picking up by 9.5% against the previous year. Overall, the import price, however, showed a abrupt setback. The most prominent rate of growth was recorded in 2018 an increase of 28% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Brazil ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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