ASEAN: Graphite Market 2024

Graphite Market Size in ASEAN

The ASEAN graphite market stood at $X in 2023, increasing by X% against the previous year. In general, consumption, however, saw a abrupt decrease. As a result, consumption attained the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Graphite Production in ASEAN

In value terms, graphite production fell modestly to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. The level of production peaked at $X in 2018; however, from 2019 to 2023, production failed to regain momentum.

Graphite Exports

Exports in ASEAN

After five years of growth, shipments abroad of graphite (natural) decreased by X% to X tons in 2023. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2022, and then contracted sharply in the following year.

In value terms, graphite exports fell modestly to $X in 2023. Over the period under review, exports showed a pronounced contraction. The pace of growth was the most pronounced in 2018 when exports increased by X%. The level of export peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

Lao People's Democratic Republic dominates exports structure, reaching X tons, which was near X% of total exports in 2023. Thailand (X tons) took the second position in the ranking, followed by Malaysia (X tons). All these countries together held near X% share of total exports.

Lao People's Democratic Republic was also the fastest-growing in terms of the graphite (natural) exports, with a CAGR of X% from 2012 to 2023. At the same time, Thailand (X%) and Malaysia (X%) displayed positive paces of growth. While the share of Lao People's Democratic Republic (X p.p.), Thailand (X p.p.) and Malaysia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest graphite supplying countries in ASEAN were Lao People's Democratic Republic ($X), Thailand ($X) and Malaysia ($X), together accounting for X% of total exports.

In terms of the main exporting countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, picking up by X% against the previous year. Overall, the export price, however, showed a abrupt setback. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the peak figure at $X per ton in 2012; however, from 2013 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Thailand ($X per ton), while Lao People's Democratic Republic ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Thailand (X%), while the other leaders experienced a decline in the export price figures.

Graphite Imports

Imports in ASEAN

For the fifth consecutive year, ASEAN recorded decline in purchases abroad of graphite (natural), which decreased by X% to X tons in 2023. In general, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by X%. The volume of import peaked at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, graphite imports fell slightly to $X in 2023. Overall, imports continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Thailand (X tons) and Indonesia (X tons) were the largest importers of graphite (natural) in ASEAN, together creating X% of total imports. It was distantly followed by the Philippines (X tons), Vietnam (X tons) and Malaysia (X tons), together generating a X% share of total imports. Singapore (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Vietnam (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest graphite importing markets in ASEAN were Thailand ($X), Indonesia ($X) and Vietnam ($X), with a combined X% share of total imports.

Vietnam, with a CAGR of X%, 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 leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, growing by X% against the previous year. In general, the import price showed a remarkable increase. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. Over the period under review, import prices attained the peak figure in 2023 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Singapore ($X per ton), while the Philippines ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform