On December 3, 2024, the Ministry of Commerce of China issued another announcement, announcing that stricter end-user and end-use reviews will be implemented for dual-use graphite items exported to the United States. And any organization or individual in any country or region, if it violates the regulations and transfers or provides relevant dual-use items originating in the People's Republic of China to organizations and individuals in the United States, will be held legally responsible in accordance with the law.
Graphite has a wide range of uses, both for civil and military purposes. According to the publisher's analysis, graphite has a wide range of applications in traditional fields due to its special physical and chemical properties, such as in the mechanical industry, chemical industry, metallurgical industry and light industry, where it can be used as lubricant, friction material, thermal conductive material, refractory mold, corrosion-resistant utensils, ink, pencil, etc.
In addition, with the development of science and technology, graphite has also shown broad application prospects in many emerging fields such as optics, energy, aerospace, environment, and new materials. In particular, the discovery and application of graphene has further promoted the strategic position of graphite.
China is rich in graphite resources. According to data from the United States Geological Survey, the total global graphite reserves in 2022 were about 330 million tons, of which China's natural graphite reserves were 52 million tons, accounting for 15.76% of the global natural graphite reserves. According to the publisher's analysis, China's graphite is mainly distributed in Heilongjiang, Inner Mongolia, Shandong, Henan, Sichuan, Hunan and Guangdong provinces. Among them, Heilongjiang and Inner Mongolia are the main production areas of crystalline graphite in China, while Hunan and Inner Mongolia are the main production areas of cryptocrystalline graphite.
China's graphite exports were on an upward trend from 2019 to 2023. According to the publisher's analysis, China's graphite exports were 63,045 tons in 2019 and rose to 78,925 tons in 2022. In 2023, China's graphite export volume was about 90,528 tons, up 17.22% year-on-year; the graphite export value was about US$2.093 billion, down 0.74% year-on-year.
From 2019 to 2022, the average export price of China's graphite generally showed an upward trend. According to the publisher's analysis, from 2019 to 2022, the average export price of China's graphite rose from US$1.68 per kilogram to US$2.73 per kilogram. In 2023, the average export price of China's graphite fell by 15.32% year-on-year to US$2.31 per kilogram.
In 2022-2023, China exported graphite to 10 countries and regions around the world. According to the publisher's analysis, Japan, India, Germany, South Korea, and the United States are the main destinations for China's graphite exports in terms of export value. Among them, South Korea is the largest importer of graphite in 2023. In 2023, China exported about 113.22 thousand tons of graphite to South Korea.
China is major graphite producer and exporter in the world. Since China began to impose certain restrictions on the export of dual-use graphite items from December 3, 2024, the publisher predicts that China's graphite export volume and export value in 2025 will drop significantly compared to 2023.
Topics covered:
- The Export and Main Destinations of Graphite in China (2019-2023)
- Main Driving Forces and Market Opportunities for China's Graphite Exports
- What are the main driving forces, challenges and opportunities for China's graphite resource exports during the forecast period of 2025-2034?
- Which companies are the main players in China's graphite export market and what are their competitive benchmarks?
- What is the expected revenue from China’s graphite export market during the forecast period of 2025-2034?
- What strategies have the major players in the market adopted to increase their market share in the industry?
- Which segment of China’s graphite export market is expected to dominate the market in 2034?
- What are the competitive advantages of the main players in China's graphite export market?
- What are the main limiting factors that inhibit the growth of China's graphite exports?
Table of Contents
Methodology
Background research defines the range of products and industries, which proposes the key points of the research. Proper classification will help clients understand the industry and products in the report.
Secondhand material research is a necessary way to push the project into fast progress. The analyst always chooses the data source carefully. Most secondhand data they quote is sourced from an authority in a specific industry or public data source from governments, industrial associations, etc. For some new or niche fields, they also "double-check" data sources and logics before they show them to clients.
Primary research is the key to solve questions, which largely influence the research outputs. The analyst may use methods like mathematics, logical reasoning, scenario thinking, to confirm key data and make the data credible.
The data model is an important analysis method. Calculating through data models with different factors weights can guarantee the outputs objective.
The analyst optimizes the following methods and steps in executing research projects and also forms many special information gathering and processing methods.
1. Analyze the life cycle of the industry to understand the development phase and space.
2. Grasp the key indexes evaluating the market to position clients in the market and formulate development plans
3. Economic, political, social and cultural factors
4. Competitors like a mirror that reflects the overall market and also market differences.
5. Inside and outside the industry, upstream and downstream of the industry chain, show inner competitions
6. Proper estimation of the future is good guidance for strategic planning.
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