Carbon and graphite products market in United States of America, including Puerto Rico and US Virgin Islands

Earlier Report Observations

The U.S. market for carbon and graphite products displayed significant volatility between 2018 and 2022. After reaching a peak of $4.4 billion in 2019, the market volume contracted sharply to $3.4 billion in 2020. A recovery phase followed, with the market growing to $3.5 billion in 2021 and further to $3.7 billion in 2022.

Domestic production followed a similar pattern, declining from $4.6 billion in 2019 to $3.6 billion in 2020 before recovering to $4.0 billion by 2022. International trade flows amplified these movements, with both imports and exports falling substantially in 2020 and then rebounding. By 2022, import value had recovered to $1.5 billion, while exports reached $1.8 billion.

In the subsequent years, trade data indicates a shift, with import values declining from $1.5 billion in 2022 to $1.4 billion in 2024. Export values remained elevated but fluctuated, ending at $1.8 billion in 2024, suggesting ongoing realignments in global supply chains affecting the U.S. market.

Production carbon and graphite products in United States of America, including Puerto Rico and US Virgin Islands

In kind, 2017-2020, M money

In the United States, including Puerto Rico and the US Virgin Islands, production of carbon and graphite products reached 149.8 million units in 2020, showing a robust year-over-year increase of 10.8%. Over the period from 2017 to 2020, production grew by 17%, which translates to an annualized rate of 5.4%. The largest decline occurred in 2019, with a drop of 1.3%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, M money

In value, 2017-2020, M $ US

After two years of growth, the production value of carbon and graphite products in the United States, including Puerto Rico and the US Virgin Islands, declined. In 2020, the output was valued at 3 598 million US dollars, which is 21.7% lower than in 2019. From 2017 to 2020, production increased by 2.2%, with a compound annual growth rate of 0.7%. The peak value was recorded in 2019 at 4 593 million US dollars, while the largest increase occurred in 2018, with a rise of 26.9%.

Annual dynamics of production in United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

Exports carbon and graphite products from United States of America, including Puerto Rico and US Virgin Islands

Exports in kind, M money

Foreign supplies of carbon and graphite products from the United States, including Puerto Rico and the US Virgin Islands, increased for the second consecutive year. In 2020, exports totaled 55.2 million units, indicating a controlled gain of 3.5% compared to the previous year. Over the period from 2017 to 2020, exports grew by 5.7%, with a compound annual growth rate of 1.9%. The lowest value was recorded in 2018 at 51.7 million units, which also saw the largest decline of 1.1%.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, M money

From 2017 to 2020, the country composition of exports in kind was dispersed. Canada accounted for 17.9% of exports in kind, Mexico for 14.1%, and Germany for 9.1%, together forming just 41.1% of total flows. The remaining 58.9% was distributed among a wide range of other destinations.

Structure of product's exports in kind by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Exports in value, M $ US

After two years of gains, carbon and graphite products exports from the United States, including Puerto Rico and the US Virgin Islands, declined. In 2020, exports amounted to 1 326 million US dollars, marking a steep loss of 26.9% from 2019. Over the period from 2017 to 2020, exports decreased by 7.7%, with a compound annual growth rate of 2.6%. The maximum value was recorded in 2019 at 1 813 million US dollars, while the largest increase occurred in 2018, with a rise of 17.4%.

Annual dynamics of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

From 2017 to 2020, exports in value terms of carbon and graphite products from the United States, including Puerto Rico and the US Virgin Islands, were widely dispersed across partner countries. Germany accounted for 11.9% of exports in value terms, Italy for 9.0%, and Canada for 8.3%, together representing only 29.2% of total flows.

Structure of product's exports in value by countries, 2017-2020

World map of product's exports from United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020

Imports carbon and graphite products to United States of America, including Puerto Rico and US Virgin Islands

Imports in kind, M money

Imported volumes of carbon and graphite products in the United States, including Puerto Rico and the US Virgin Islands, declined for the second consecutive year. In 2020, imports amounted to 136.4 million units, marking a solid contraction of 16.9% compared to 2019. Over the period from 2017 to 2020, imports increased by 12.1%, with a compound annual growth rate of 3.9%. The peak value was recorded in 2018 at 189.6 million units, which also saw the largest increase of 55.8%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020, M money

From 2017 to 2020, Mexico, with 22.0% of imports in kind, China with 17.7%, and India with 13.0%, consistently occupied leading positions in the country structure of imports in kind. Together, they accounted for 52.8% of total flows.

Structure of product's imports in kind by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in kind, 2017-2020

Imports in value, M $ US

After two years of growth, the volume of carbon and graphite products imports in the United States, including Puerto Rico and the US Virgin Islands, declined. In 2020, imports amounted to 1 130 million US dollars, representing a sharp decrease of 31.2% from the previous year. Over the period from 2017 to 2020, imports increased by 16.8%, with a compound annual growth rate of 5.3%. The maximum value was recorded in 2019 at 1 641 million US dollars, while the largest increase occurred in 2018, with a rise of 63.6%.

Annual dynamics of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020, M $ US

From 2017 to 2020, Japan accounted for 22.0% of imports in value terms, China for 15.0%, and Mexico for 14.0%, together comprising the largest share of imports in value terms at 51.0% of total flows.

Structure of product's imports in value by countries, 2017-2020

World map of product's imports to United States of America, including Puerto Rico and US Virgin Islands in value, 2017-2020