Market research

Natural graphite market in Latin America and the Caribbean

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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File format: docx, xlsx

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"Latin America and the Caribbean" region includes following countries:

Argentina

Bolivia

Bouvet Island

Brazil

Chile

Colombia

Ecuador

Falkland Islands (Malvinas)

South Georgia and the South Sandwich Islands

French Guiana

Guyana

Paraguay

Peru

Suriname

Uruguay

Venezuela

Belize

Costa Rica

El Salvador

Guatemala

Honduras

Mexico

Nicaragua

Panama

Antigua and Barbuda

the Bahamas

Barbados

British Virgin Islands

Cayman Islands

Cuba

Dominica

Dominican Republic

Grenada

Guadeloupe

Haiti

Jamaica

Martinique

Montserrat

Curacao

Aruba

Saint Maarten (Dutch part)

Bonaire

Puerto Rico

Saint-Barthélemy

Saint Kitts and Nevis

Anguilla

Saint Lucia

Saint-Martin (French Part)

Saint Vincent and the Grenadines

Trinidad and Tobago

Turks and Caicos Islands

United States Virgin Islands

Earlier Report Observations

Production of natural graphite in Latin America and the Caribbean remained stable at around 130 million USD in 2018 and 2019, with Brazil consolidating its role as a major global producer led by the dominant company Nacional de Grafite. The COVID-19 pandemic severely disrupted global supply chains in 2020, causing production to drop to 109.4 million USD.

Output recovered to 114 million USD in 2021. In 2022, Chinese export restrictions on high-purity graphite tightened international supply and influenced prices, while rising demand for electric vehicle batteries provided market support. Despite this, the total market size declined to 100.5 million USD that year.

Market dynamics in 2023 were shaped by increased synthetic graphite capacity in China and new natural graphite projects in Africa, which helped balance supply. The cancellation of electric vehicle subsidies in China at the end of 2022 tempered demand growth, and ongoing market concentration in China remained a key factor influencing regional trade and investment.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In value
    1. 4.1.1.1. Production, 2018-2022
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2022
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Latin America and the Caribbean
  1. 5.1.1. Annual dynamics of production in Latin America and the Caribbean in kind, 2018-2022, t
2. 5.2. Global production by Country, 2018-2022
  1. 5.2.1. Annual dynamics of production by country in kind, 2018-2022, t
  2. 5.2.2. Structure of production by countries in kind, 2018-2022
  3. 5.2.3. Dynamics of peoduction structure by countries in kind, 2018-2022
6. Imports
1. 6.1. Imports (Direct Data*)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, K t
    1. 6.1.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.1.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, K t
    1. 6.2.2.1. Annual dynamics of product's imports to Argentina in kind, 2018-2024, K t
    2. 6.2.2.2. Dynamics of product's imports in kind to Argentina by countries, 2018-2024, K t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Argentina in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Argentina by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Argentina, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Argentina by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data*)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, K t
    1. 7.1.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.1.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, K t
    1. 7.2.2.1. Annual dynamics of product's exports from Argentina in kind, 2018-2024, K t
    2. 7.2.2.2. Dynamics of product's exports in kind from Argentina by countries, 2018-2024, K t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Argentina in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Argentina by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Argentina, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from Argentina by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, K t
  2. 8.1.2. In value, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, K t
  2. 8.2.2. In value, K $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production natural graphite in Latin America and the Caribbean

In kind, 2017-2020, K t

Top producers of natural graphite, 2017-2020

Source: SHEV.io

World map of production of natural graphite, 2017-2020

Source: SHEV.io

In Latin America and the Caribbean, natural graphite production reached 69.1 K t in 2020, marking a 17.9% decrease compared to the previous year. Over the period from 2017 to 2020, production fell by 31.2%, with an average annual decline of 11.7%. The only year of growth during this period was 2019, when production increased by 1.2%.

Annual dynamics of production in Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(17.1%)	1.2%	(17.9%)	(11.7%)

Source: SHEV.io

In value, 2017-2020, M $ US

The value of natural graphite output in Latin America and the Caribbean was 109.4 M $ US in 2020, representing a 16.0% drop year-over-year. From 2017 to 2020, production value decreased by 17.4%, translating to an average annual reduction of 6.2%. The highest increase occurred in 2019, with a modest rise of 0.3%.

Annual dynamics of production in Latin America and the Caribbean in value, 2017-2020, M $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(1.9%)	0.3%	(16.0%)	(6.2%)

Source: SHEV.io

Exports natural graphite from Latin America and the Caribbean

Exports in kind, K t

Natural graphite exports from Latin America and the Caribbean declined for the third consecutive year in 2020, with volumes falling to 16.1 K t, a 12.6% decrease compared to 2019. Over the 2017-2020 period, exports dropped by 39.6%, averaging an annual decline of 15.5%.

Annual dynamics of product's exports from Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(7.5%)	(25.4%)	(12.6%)	(15.5%)

Source: SHEV.io

From 2017 to 2020, Germany, the United States, and Poland were the key export partners for natural graphite in kind, accounting for 57.2% of total flows. Germany led with 25.7% of exports, followed by the United States at 20.2%, and Poland at 11.3%.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Natural graphite export values from Latin America and the Caribbean fell for the second consecutive year in 2020, reaching 25 488 K $ US, a significant decrease of 10.6% from 2019. Over the 2017-2020 period, export values declined by 27.5%, with an average annual drop of 10.2%. The peak value was recorded in 2018 at 38 513 K $ US, which saw a 9.5% increase that year. In contrast, 2019 experienced the largest decline of 26.0%.

Annual dynamics of product's exports from Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	9.5%	(26.0%)	(10.6%)	(10.2%)

Source: SHEV.io

During 2017-2020, Germany, the United States, and Belgium formed the core markets for natural graphite exports in value terms, collectively representing 64.0% of total flows. Germany accounted for 29.3% of exports, the United States for 26.6%, and Belgium for 8.1%.

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

Source: SHEV.io

World map of product's exports from Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io

Imports natural graphite to Latin America and the Caribbean

Imports in kind, K t

Natural graphite imports into Latin America and the Caribbean showed significant fluctuations from 2017 to 2020. In 2020, volumes surged to 264.6 K t, a dramatic increase of 3 845.0% compared to the previous year. The lowest point was in 2018 at 3.7 K t, which saw a 39.3% decline that year. The peak-to-trough amplitude over this period was 71 times.

Annual dynamics of product's imports to Latin America and the Caribbean in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(39.3%)	80.9%	3 845.0%	251.1%

Source: SHEV.io

From 2017 to 2020, the United States was the dominant source for natural graphite imports into Latin America and the Caribbean, accounting for 92.5% of total imports in kind.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Natural graphite import values into Latin America and the Caribbean experienced notable fluctuations from 2017 to 2020. In 2020, values rose to 25 808 K $ US, a 156.6% increase over the previous year. The lowest value was recorded in 2019 at 10 058 K $ US, which saw a 7.0% decline that year. The peak-to-trough ratio was 2.6 times, with the highest value in 2020 and the lowest in 2019.

Annual dynamics of product's imports to Latin America and the Caribbean in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	3.4%	(7.0%)	156.6%	35.1%

Source: SHEV.io

Throughout 2017-2020, the United States, China, and Canada were the key sources for natural graphite imports in value terms, together accounting for 75.9% of total flows. The United States led with 53.0%, followed by China at 17.9%, and Canada at 5.0%.

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

Source: SHEV.io

World map of product's imports to Latin America and the Caribbean in value, 2017-2020

Source: SHEV.io