Asia-Pacific: Slate Market 2024

Slate Market Size in Asia-Pacific

In 2021, the Asia-Pacific slate market decreased by -7.2% to $X for the first time since 2018, thus ending a two-year rising trend. The market value increased at an average annual rate of +2.4% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2020, and then fell in the following year.

Slate Production in Asia-Pacific

In value terms, slate production shrank to $X in 2021 estimated in export price. The total production indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +105.2% against 2018 indices. The growth pace was the most rapid in 2019 when the production volume increased by 81%. The level of production peaked at $X in 2020, and then contracted in the following year.

Slate Exports

Exports in Asia-Pacific

In 2021, the amount of slate exported in Asia-Pacific dropped rapidly to X tons, declining by -16.8% against the previous year. Overall, exports recorded a abrupt contraction. The most prominent rate of growth was recorded in 2016 with an increase of 21%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, slate exports shrank to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2020 with an increase of 41%. As a result, the exports reached the peak of $X, and then declined in the following year.

Exports by Country

India was the key exporter of slate in Asia-Pacific, with the volume of exports finishing at X tons, which was approx. 64% of total exports in 2021. It was distantly followed by China (X tons), constituting a 33% share of total exports.

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of -5.7%).

In value terms, the largest slate supplying countries in Asia-Pacific were China ($X) and India ($X).

China, with a CAGR of +10.4%, recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review.

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, picking up by 7.4% against the previous year. Overall, the export price enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 when the export price increased by 37%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was China ($X per ton), while India stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.8%).

Slate Imports

Imports in Asia-Pacific

In 2021, supplies from abroad of slate increased by 8.7% to X tons for the first time since 2017, thus ending a three-year declining trend. In general, imports, however, showed a drastic downturn. The most prominent rate of growth was recorded in 2014 with an increase of 38%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, slate imports rose to $X in 2021. Over the period under review, imports, however, recorded a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 48% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, Japan (X tons) was the major importer of slate, committing 32% of total imports. South Korea (X tons) took the second position in the ranking, followed by Australia (X tons), China (X tons), Malaysia (X tons) and India (X tons). All these countries together took approx. 47% share of total imports. Pakistan (X tons), Lao People's Democratic Republic (X tons), Vietnam (X tons), Taiwan (Chinese) (X tons), Hong Kong SAR (X tons) and Bangladesh (X tons) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to slate imports into Japan stood at -5.1%. At the same time, Pakistan (+40.9%), India (+35.7%), Hong Kong SAR (+10.7%) and China (+3.9%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +40.9% from 2012-2021. By contrast, Lao People's Democratic Republic (-4.6%), Malaysia (-5.2%), Australia (-7.0%), Taiwan (Chinese) (-12.1%), South Korea (-12.1%), Bangladesh (-14.4%) and Vietnam (-21.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China, India, Japan and Pakistan increased by +6, +5, +4.1 and +3.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported slate in Asia-Pacific, comprising 46% of total imports. The second position in the ranking was held by Australia ($X), with a 13% share of total imports. It was followed by China, with an 8.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: Australia (-2.9% per year) and China (+6.3% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, shrinking by -6.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2018 an increase of 28%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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