India: Graphite Non-Electrical Articles Market 2024

Graphite Non-Electrical Articles Market Size in India

The Indian graphite non-electrical articles market shrank to $X in 2022, approximately mirroring the previous year. In general, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +3.8% against 2020 indices. Graphite non-electrical articles consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Graphite Non-Electrical Articles Production in India

In value terms, graphite non-electrical articles production stood at $X in 2022 estimated in export price. Overall, the total production indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +1.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 with an increase of 36% against the previous year. Graphite non-electrical articles production peaked at $X in 2018; afterwards, it flattened through to 2022.

Graphite Non-Electrical Articles Exports

Exports from India

In 2022, overseas shipments of non-electrical articles of graphite or other carbon increased by 33% to X tons, rising for the third year in a row after five years of decline. Overall, exports posted modest growth. The pace of growth appeared the most rapid in 2021 when exports increased by 114%. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, graphite non-electrical articles exports soared to $X in 2022. In general, exports showed a prominent expansion. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

Exports by Country

Singapore (X tons), Germany (X tons) and the United Arab Emirates (X tons) were the main destinations of graphite non-electrical articles exports from India, together accounting for 46% of total exports.

From 2012 to 2022, the biggest increases were recorded for Singapore (with a CAGR of +112.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Finland ($X) and Germany ($X) were the largest markets for graphite non-electrical articles exported from India worldwide, together comprising 45% of total exports.

Finland, with a CAGR of +101.6%, recorded the highest growth rate of 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

The average graphite non-electrical articles export price stood at $X per ton in 2022, picking up by 8% against the previous year. In general, the export price saw a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 70%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Nigeria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+30.5%), while the prices for the other major destinations experienced more modest paces of growth.

Graphite Non-Electrical Articles Imports

Imports into India

In 2022, approx. X tons of non-electrical articles of graphite or other carbon were imported into India; increasing by 2.3% against the previous year. In general, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, graphite non-electrical articles imports shrank to $X in 2022. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 46%. As a result, imports reached the peak of $X, and then declined in the following year.

Imports by Country

In 2022, China (X tons) constituted the largest graphite non-electrical articles supplier to India, with a 44% share of total imports. Moreover, graphite non-electrical articles imports from China exceeded the figures recorded by the second-largest supplier, Japan (X tons), threefold. The third position in this ranking was held by the United States (X tons), with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +12.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+38.7% per year) and the United States (+9.3% per year).

In value terms, China ($X), the United States ($X) and Japan ($X) were the largest graphite non-electrical articles suppliers to India, with a combined 64% share of total imports. Germany, South Korea and Denmark lagged somewhat behind, together comprising a further 19%.

Denmark, with a CAGR of +59.8%, 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

In 2022, the average graphite non-electrical articles import price amounted to $X per ton, with a decrease of -11.7% against the previous year. In general, the import price recorded a perceptible reduction. The pace of growth was the most pronounced in 2017 an increase of 45% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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