Latin America and the Caribbean: Graphite Market 2024

Graphite Market Size in Latin America and the Caribbean

In 2022, the Latin American graphite market decreased by X% to $X for the first time since 2016, thus ending a five-year rising trend. In general, consumption showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped rapidly in the following year.

Graphite Production in Latin America and the Caribbean

In value terms, graphite production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Graphite Exports

Exports in Latin America and the Caribbean

Graphite exports reduced to X tons in 2022, with a decrease of X% against the previous year. Overall, exports continue to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, graphite exports reached $X in 2022. In general, exports continue to indicate a perceptible contraction. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Brazil dominates exports structure, accounting for X tons, which was approx. X% of total exports in 2022. It was distantly followed by Mexico (X tons), mixing up a X% share of total exports.

Brazil was also the fastest-growing in terms of the graphite (natural) exports, with a CAGR of X% from 2012 to 2022. Mexico (X%) illustrated a downward trend over the same period. Brazil (X p.p.) significantly strengthened its position in terms of the total exports, while Mexico saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Brazil ($X) remains the largest graphite supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with an X% share of total exports.

In Brazil, graphite exports shrank by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2015 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Mexico ($X per ton), while Brazil totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (X%).

Graphite Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of graphite (natural) decreased by X% to X tons for the first time since 2016, thus ending a five-year rising trend. Over the period under review, imports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons, and then fell dramatically in the following year.

In value terms, graphite imports dropped notably to $X in 2022. Overall, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then dropped remarkably in the following year.

Imports by Country

Mexico (X tons) and Brazil (X tons) were the main importers of graphite (natural) in 2022, amounting to near X% and X% of total imports, respectively. Argentina (X tons) held the next position in the ranking, distantly followed by Colombia (X tons) and Paraguay (X tons). All these countries together took near X% share of total imports. Venezuela (X tons) and Bolivia (X tons) followed a long way behind the leaders.

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

In value terms, the largest graphite importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Argentina ($X), together accounting for X% of total imports. Colombia, Paraguay, Venezuela and Bolivia lagged somewhat behind, together accounting for a further X%.

Among the main importing countries, Paraguay, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per ton in 2022, which is down by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2020 when the import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton. From 2021 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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