Eastern Asia: Graphite Market 2024

Graphite Market Size in Eastern Asia

The East Asian graphite market shrank notably to $X in 2023, which is down by X% against the previous year. The total consumption indicated a slight increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, consumption increased by X% against 2021 indices. Over the period under review, the market reached the maximum level at $X in 2022, and then shrank rapidly in the following year.

Graphite Production in Eastern Asia

In value terms, graphite production declined to $X in 2023 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production hit record highs at $X in 2022, and then fell in the following year.

Graphite Exports

Exports in Eastern Asia

In 2023, the amount of graphite (natural) exported in Eastern Asia dropped to X tons, with a decrease of X% against the previous year. Overall, exports saw a slight slump. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2023, the exports remained at a lower figure.

In value terms, graphite exports contracted sharply to $X in 2023. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2022, and then shrank notably in the following year.

Exports by Country

The shipments of the one major exporters of graphite (natural), namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the graphite (natural) exports, with a CAGR of X% from 2012 to 2023. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest graphite supplier in Eastern Asia.

In China, graphite exports remained relatively stable over the period from 2012-2023.

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, which is down by X% against the previous year. Export price indicated a modest increase from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, graphite export price increased by X% against 2017 indices. The pace of growth was the most pronounced in 2022 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2023, the rate of growth in terms of prices for China amounted to X% per year.

Graphite Imports

Imports in Eastern Asia

In 2023, supplies from abroad of graphite (natural) decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, posted a temperate increase. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports attained the peak figure at X tons in 2019; however, from 2020 to 2023, imports failed to regain momentum.

In value terms, graphite imports dropped significantly to $X in 2023. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2022 with an increase of X%. As a result, imports attained the peak of $X, and then dropped significantly in the following year.

Imports by Country

In 2023, China (X tons) was the major importer of graphite (natural), generating X% of total imports. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%). The following importers - Taiwan (Chinese) (X tons) and Democratic People's Republic of Korea (X tons) - each recorded a X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest graphite importing markets in Eastern Asia were South Korea ($X), Japan ($X) and China ($X), together comprising X% of total imports. Taiwan (Chinese) and Democratic People's Republic of Korea lagged somewhat behind, together accounting for a further X%.

Democratic People's Republic of Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, increasing by X% against the previous year. Import price indicated a mild expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, graphite import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2021 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform