Asia: Slate Market 2025

Slate Market Size in Asia

In 2021, after two years of growth, there was significant decline in the Asian slate market, when its value decreased by -6.9% to $X. The market 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 level of consumption peaked at $X in 2020, and then declined in the following year.

Slate Production in Asia

In value terms, slate production contracted to $X in 2021 estimated in export price. The total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +96.1% against 2018 indices. The most prominent rate of growth was recorded in 2019 with an increase of 74%. Over the period under review, production reached the peak level at $X in 2020, and then reduced in the following year.

Slate Exports

Exports in Asia

In 2021, the amount of slate exported in Asia declined to X tons, dropping by -14.6% against 2020. Overall, exports recorded a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by 19%. 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 fell to $X in 2021. The total export value increased at an average annual rate of +2.4% over the period 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 when exports increased by 36% against the previous year. As a result, the exports reached the peak of $X, and then shrank in the following year.

Exports by Country

India was the major exporter of slate in Asia, with the volume of exports reaching X tons, which was near 58% of total exports in 2021. China (X tons) ranks second in terms of the total exports with a 30% share, followed by Kazakhstan (5.3%). Turkey (X tons) took a minor share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Turkey (with a CAGR of +14.5%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), India ($X) and Kazakhstan ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports.

Among the main exporting countries, China, with a CAGR of +10.4%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, growing by 5.5% against the previous year. Overall, the export price saw buoyant growth. The pace of growth appeared the most rapid in 2020 when the export price increased by 35%. The level of export peaked in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+18.8%), while the other leaders experienced mixed trends in the export price figures.

Slate Imports

Imports in Asia

In 2021, overseas purchases of slate increased by 6.7% to X tons for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2014 with an increase of 40%. 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 shrank modestly to $X in 2021. Overall, imports, however, continue to indicate a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 54%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

Japan (X tons) and the United Arab Emirates (X tons) represented roughly 34% of total imports in 2021. It was distantly followed by Israel (X tons), Bahrain (X tons), South Korea (X tons), China (X tons) and Malaysia (X tons), together generating a 38% share of total imports. Turkey (X tons), Iraq (X tons), India (X tons), Qatar (X tons), Pakistan (X tons) and Cyprus (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X), Japan ($X) and Israel ($X) were the countries with the highest levels of imports in 2021, with a combined 70% share of total imports. China, Malaysia, South Korea, Bahrain, Turkey, Iraq, Qatar, Pakistan, Cyprus and India lagged somewhat behind, together accounting for a further 22%.

India, with a CAGR of +43.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per ton in 2021, which is down by -9.6% against the previous year. Import price indicated temperate growth from 2012 to 2021: its price increased at an average annual rate of +4.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slate import price decreased by -10.7% against 2019 indices. The most prominent rate of growth was recorded in 2018 when the import price increased by 22%. Over the period under review, import prices hit record highs 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 the United Arab Emirates ($X per ton), while India ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+14.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :