Graphite Non-Electrical Articles Market

The global graphite non-electrical articles market is expected to see an increase in both volume and value over the next eight years. China emerges as a dominant player in both consumption and production in the market. The market is forecasted to grow at a CAGR of +7.7% in volume and +9.6% in value from 2022 to 2030. Consumption and production trends are analyzed, with notable growth observed in certain countries such as Turkey. Import and export data highlight the key players in the market, with the United States and Germany leading in imports and exports respectively. Price trends show fluctuations over the years, with varying prices by country of origin and destination.

Market Forecast

Driven by increasing demand for non-electrical articles of graphite or other carbon worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +7.7% for the period from 2022 to 2030, which is projected to bring the market volume to 1.1M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +9.6% for the period from 2022 to 2030, which is projected to bring the market value to $34.9B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Non-Electrical Articles Of Graphite Or Other Carbon

Global graphite non-electrical articles consumption rose slightly to 632K tons in 2022, with an increase of 4.3% on 2021. In general, consumption saw noticeable growth. Over the period under review, global consumption hit record highs at 986K tons in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

The global graphite non-electrical articles market size rose modestly to $16.7B in 2022, surging by 4.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw pronounced growth. Over the period under review, the global market attained the peak level at $25.3B in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Consumption By Country

The country with the largest volume of graphite non-electrical articles consumption was China (146K tons), comprising approx. 23% of total volume. Moreover, graphite non-electrical articles consumption in China exceeded the figures recorded by the second-largest consumer, India (61K tons), twofold. The third position in this ranking was taken by Poland (53K tons), with an 8.3% share.

In China, graphite non-electrical articles consumption expanded at an average annual rate of +4.9% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (+5.3% per year) and Poland (+15.5% per year).

In value terms, China ($2.1B), the United States ($1.9B) and India ($1.2B) constituted the countries with the highest levels of market value in 2022, together accounting for 31% of the global market. Japan, Romania, the UK, Mexico, South Korea, Turkey, Italy, Russia, Poland and Indonesia lagged somewhat behind, together accounting for a further 27%.

Among the main consuming countries, Turkey, with a CAGR of +23.5%, saw the highest rates of growth with regard to market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of graphite non-electrical articles per capita consumption in 2022 were Poland (1,393 kg per 1000 persons), Romania (895 kg per 1000 persons) and the UK (264 kg per 1000 persons).

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +22.4%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Non-Electrical Articles Of Graphite Or Other Carbon

In 2022, global graphite non-electrical articles production was estimated at 674K tons, increasing by 3.4% on the year before. Over the period under review, production continues to indicate a perceptible increase. The most prominent rate of growth was recorded in 2018 when the production volume increased by 61% against the previous year. Global production peaked at 1M tons in 2020; however, from 2021 to 2022, production failed to regain momentum.

In value terms, graphite non-electrical articles production reduced slightly to $16.4B in 2022 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2018 when the production volume increased by 13%. Over the period under review, global production hit record highs at $16.8B in 2019; however, from 2020 to 2022, production failed to regain momentum.

Production By Country

China (149K tons) remains the largest graphite non-electrical articles producing country worldwide, accounting for 22% of total volume. Moreover, graphite non-electrical articles production in China exceeded the figures recorded by the second-largest producer, Poland (68K tons), twofold. India (56K tons) ranked third in terms of total production with an 8.3% share.

From 2012 to 2022, the average annual growth rate of volume in China totaled +4.9%. The remaining producing countries recorded the following average annual rates of production growth: Poland (+18.1% per year) and India (+4.4% per year).

Imports

World Imports of Non-Electrical Articles Of Graphite Or Other Carbon

Global graphite non-electrical articles imports reached 160K tons in 2022, remaining constant against the year before. In general, total imports indicated prominent growth from 2012 to 2022: its volume increased at an average annual rate of +5.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -1.0% against 2019 indices. The growth pace was the most rapid in 2014 when imports increased by 19%. Over the period under review, global imports attained the maximum at 161K tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, graphite non-electrical articles imports declined slightly to $4.6B in 2022. The total import value increased at an average annual rate of +3.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2014 with an increase of 22% against the previous year. Global imports peaked at $5.4B in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports By Country

In 2022, the United States (23K tons) and Germany (23K tons) represented the largest importers of non-electrical articles of graphite or other carbonin the world, together finishing at near 28% of total imports. France (10K tons) ranks next in terms of the total imports with a 6.4% share, followed by Spain (5.6%), the UK (5.3%) and Italy (4.5%). The following importers - India (6.5K tons), Denmark (5.6K tons), Turkey (5.2K tons), South Korea (5K tons), the Netherlands (4.6K tons), Japan (4.1K tons) and Mexico (4K tons) - together made up 22% of total imports.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +28.8%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest graphite non-electrical articles importing markets worldwide were Germany ($598M), the United States ($594M) and Italy ($306M), together comprising 33% of global imports. The UK, Spain, France, South Korea, Japan, the Netherlands, Turkey, India, Denmark and Mexico lagged somewhat behind, together comprising a further 33%.

Denmark, with a CAGR of +16.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average graphite non-electrical articles import price stood at $28,548 per ton in 2022, waning by -3.8% against the previous year. Overall, the import price showed a slight shrinkage. The pace of growth appeared the most rapid in 2018 an increase of 7.1% against the previous year. As a result, import price reached the peak level of $34,919 per ton. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Italy ($42,439 per ton), while India ($15,242 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+11.7%), while the other global leaders experienced mixed trends in the import price figures.

Exports

World Exports of Non-Electrical Articles Of Graphite Or Other Carbon

In 2022, the amount of non-electrical articles of graphite or other carbon exported worldwide dropped slightly to 202K tons, with a decrease of -1.9% against the previous year's figure. Overall, total exports indicated a prominent increase from 2012 to 2022: its volume increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +111.7% against 2012 indices. The growth pace was the most rapid in 2014 when exports increased by 28%. The global exports peaked at 206K tons in 2021, and then shrank modestly in the following year.

In value terms, graphite non-electrical articles exports contracted modestly to $5.5B in 2022. The total export value increased at an average annual rate of +4.5% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 22%. Over the period under review, the global exports attained the maximum at $6.1B in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Exports By Country

The United States (35K tons) and Germany (33K tons) represented roughly 34% of total exports in 2022. Japan (20K tons) held a 9.8% share (based on physical terms) of total exports, which put it in second place, followed by Poland (8.6%), Hungary (7.7%) and Mexico (5.6%). The following exporters - the UK (8.9K tons), France (8.7K tons), South Korea (8.1K tons), China (5K tons), Denmark (4.1K tons), Turkey (4K tons) and Slovakia (3.3K tons) - together made up 21% of total exports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +52.9%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest graphite non-electrical articles supplying countries worldwide were Germany ($1.1B), the United States ($1B) and Japan ($753M), with a combined 52% share of global exports. France, the UK, Hungary, South Korea, Mexico, Poland, Denmark, Turkey, China and Slovakia lagged somewhat behind, together accounting for a further 30%.

Among the main exporting countries, Denmark, with a CAGR of +38.7%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

The average graphite non-electrical articles export price stood at $27,285 per ton in 2022, dropping by -3.1% against the previous year. Over the period under review, the export price recorded a noticeable downturn. The pace of growth appeared the most rapid in 2018 when the average export price increased by 3.2% against the previous year. Over the period under review, the average export prices attained the maximum at $38,055 per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was France ($42,171 per ton), while Poland ($6,654 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+2.1%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform