In Q3 2025, North America, the Graphite Price Index fell by 2.7% quarter-over-quarter, reflecting subdued demand pressures. Check detailed insights for Europe and APAC.

The graphite price per ton stood at $2,281 (CIF, US) in May 2022, picking up by 11% against the previous month.

This statistic displays the global graphite price from 2011 to 2014, and a forecast up to 2020, by flake grade. In 2016, the price for large graphite flakes is expected to reach *** U.S. dollars per metric ton. Until 2020, the price for this flake grade was expected to increase to ***** dollars per metric ton. Graphite prices depend on two factors – flake size and purity. Large flake (+** mesh) and high carbon (+**%) varieties command the premium pricing segment.

In April 2019, the global price of graphite was *** U.S. dollars per metric ton. Graphite is a crystalline form of carbon, which converts to a diamond under high pressure and temperature. It also has applications in batteries, steelmaking, as pencil lead, and as the material that graphene is made from.

In June 2023, the price of Graphite reached $4,328 per ton (CIF, Poland), marking an 11% increase compared to the previous month.

The average graphite import price stood at $1,814 per ton in May 2025, falling by -7.9% against the previous month.

In July 2022, the graphite price per ton amounted to $2,116, declining by -2.1% against the previous month.

The global market value of graphite is forecast to reach approximately ** billion U.S. dollars in 2028. That is a forecast increase of approximately ** billion U.S. dollars from the market value in 2022. Electric vehicles to drive market growth Although global production levels of graphite have remained fairly stable over the past decade, demand for the material is expected to increase over the coming years. The use of graphite electrodes in the steel industry has helped to boost the market, but the material is becoming increasingly sought after by the automotive industry due it being an essential element in the making of lithium-ion batteries. China, as the world's largest producer of consumer electronics, is the world’s largest producer of graphite by a large margin, with 850,000 production amounting to an estimated ******* metric tons. From graphite to graphene Forecasts suggest the market for lithium-ion batteries could exceed 100 billion U.S. dollars by 2025 as worldwide demand for electric vehicles increases. The anodes used within these batteries are made from graphite, but graphene could soon be used to drive development for the future. Graphene is an allotrope of carbon that has a special set of properties and can be produced from graphite. The use of graphene in lithium-ion batteries has the potential to increase the lifespan of the battery and allow faster charge times.

In February 2023, the graphite price amounted to $2,554 per ton (CIF, Japan), with an increase of 75% against the previous month.

The global synthetic graphite market size was USD 8.16 billion in 2024 & is projected to grow from USD 8.71 billion in 2025 to USD 14.63 billion by 2033.
Report Scope:

In April 2023, the graphite price stood at $1,257 per ton (FOB, China), waning by -19.6% against the previous month.

In June 2023, the price of Graphite was $1,871 per ton (FOB, Brazil), representing a decrease of 9.1% compared to the previous month.

In 2024, the Pakistani graphite market decreased by -9.3% to $7.9M, falling for the third consecutive year after two years of growth. Overall, consumption saw a abrupt decrease. Over the period under review, the market hit record highs at $15M in 2012; however, from 2013 to 2024, consumption remained at a lower figure.

For the fourth year in a row, Tanzania recorded growth in shipments abroad of graphite (natural), which increased by 116% to 13K tons in 2023.

The special graphite market, valued at $1.01 billion in 2025, is projected to experience robust growth, driven by a compound annual growth rate (CAGR) exceeding 5% from 2025 to 2033. This expansion is fueled by the increasing demand for high-performance materials across diverse sectors. The electronics industry, particularly in semiconductors and photovoltaic applications, is a major driver, with extruded, isotropic, and molded graphite finding crucial use in various components. The expanding photovoltaic industry, aiming to meet the growing global renewable energy needs, significantly boosts graphite demand for solar cell production. Furthermore, the foundry and metallurgy industries rely on special graphite for crucibles and electrodes, contributing to market growth. While potential restraints could include fluctuations in raw material prices and the emergence of alternative materials, the overall market outlook remains positive, primarily due to the technological advancements in the electronics and renewable energy sectors, continuously demanding higher-performance graphite materials. The market's segmentation reveals a significant share held by the Asia-Pacific region, driven by robust growth in China, India, and Japan, reflecting the concentration of manufacturing and technological advancements in these countries. North America and Europe also represent substantial markets, though growth rates might vary depending on regional economic conditions and adoption rates of new technologies. Key players like Entegris Inc., GrafTech International, and SGL Carbon are shaping market dynamics through innovations in graphite production, processing, and application-specific solutions. The forecast period (2025-2033) anticipates a continuous increase in demand, influenced by technological innovation and the sustained growth of end-user industries like electronics and renewable energy. This expansion will likely lead to further consolidation in the market as companies invest in research and development and expand their global presence. Recent developments include: July 2023: Mersen inaugurated its Columbia site in the United States, spanning 240,000 square meters. The plant can produce 4,000 tons of extruded graphite and 2,000 tons of isostatic graphite per year. As part of its 2027 strategic plan, Mersen will further increase its global isostatic graphite manufacturing capacities to 16,000 tons by the end of 2024., June 2023: Ibiden Graphite Korea, Ibiden's subsidiary in South Korea, to expand the artificial graphite plant in Gyeongsangbuk-do, Korea.. Key drivers for this market are: Increasing Government Policies for Solar Energy, Augmenting Demand from the Growing Lithium-ion Battery Industry; Increasing Demand for Expandable Graphite as a Flame Retardant Material. Potential restraints include: Increasing Government Policies for Solar Energy, Augmenting Demand from the Growing Lithium-ion Battery Industry; Increasing Demand for Expandable Graphite as a Flame Retardant Material. Notable trends are: Increasing Demand from the Electronics Industry.

In February 2025, the average graphite import price amounted to $1,587 per ton, remaining relatively unchanged against the previous month.

In 2023, supplies from abroad of graphite (natural) decreased by -55% to 2.1K tons, falling for the second consecutive year after two years of growth.

The Graphite Electrode Market Report is Segmented by Electrode Grade (Ultra High Power (UHP), High Power (SHP), Regular Power (RP)), Application (Electric Arc Furnace, Basic Oxygen Furnace, Non-Steel), and Geography (Asia-Pacific, North America, Europe, South America, Middle East and Africa). The Market Forecasts are Provided in Terms of Volume (Tons).

Graphite imports into Kenya soared to 2.8 tons in 2023, with an increase of 259% compared with 2022.

China represented the key exporter of graphite (natural) in the world, with the volume of exports finishing at X tons, which was near 54% of total exports in 2021. Madagascar (X tons) held a 15% share (based on physical terms) of total exports, which put it in second place, followed by the Netherlands (4.6%). Germany (X tons), Brazil (X tons), Mozambique (X tons), Canada (X tons), the United States (X tons), Norway (X tons), Austria (X tons) and Mexico (X tons) held a little share of total exports.