Australia: Worked Slate Market 2024

Worked Slate Market Size in Australia

The Australian worked slate market stood at $X in 2022, surging by 14% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +4.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2022 and is likely to see gradual growth in the immediate term.

Worked Slate Exports

Exports from Australia

Worked slate exports from Australia soared to X tons in 2022, with an increase of 988% on the previous year. Overall, exports enjoyed a strong expansion. The pace of growth appeared the most rapid in 2019 when exports increased by 1,154% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

In value terms, worked slate exports surged to $X in 2022. In general, exports continue to indicate a buoyant increase. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

China (X tons) was the main destination for worked slate exports from Australia, with a 56% share of total exports. Moreover, worked slate exports to China exceeded the volume sent to the second major destination, Malaysia (X tons), twofold.

From 2013 to 2022, the average annual rate of growth in terms of volume to China amounted to +38.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and New Zealand (-5.3% per year).

In value terms, China ($X) emerged as the key foreign market for worked slate exports from Australia, comprising 56% of total exports. The second position in the ranking was held by Malaysia ($X), with a 26% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of value to China totaled +78.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (0.0% per year) and New Zealand (-19.7% per year).

Export Prices by Country

In 2022, the average worked slate export price amounted to $X per ton, rising by 13% against the previous year. Overall, the export price, however, showed a abrupt contraction. The growth pace was the most rapid in 2018 an increase of 65%. The export price peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while the average price for exports to New Zealand ($X per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+28.8%), while the prices for the other major destinations experienced a decline.

Worked Slate Imports

Imports into Australia

In 2022, the amount of worked slate imported into Australia expanded sharply to X tons, picking up by 14% on 2021. The total import volume increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 with an increase of 28% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, worked slate imports surged to $X in 2022. Overall, total imports indicated pronounced growth from 2012 to 2022: its value increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.6% against 2018 indices. The pace of growth was the most pronounced in 2014 when imports increased by 26%. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, China (X tons) constituted the largest supplier of worked slate to Australia, with a 42% share of total imports. Moreover, worked slate imports from China exceeded the figures recorded by the second-largest supplier, the UK (X tons), threefold. The third position in this ranking was taken by Spain (X tons), with a 12% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+5.9% per year) and Spain (+4.2% per year).

In value terms, China ($X) constituted the largest supplier of worked slate to Australia, comprising 42% of total imports. The second position in the ranking was held by the UK ($X), with a 15% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (-2.5% per year) and Spain (+1.2% per year).

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, surging by 2.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.6%. The pace of growth appeared the most rapid in 2021 when the average import price increased by 31%. The import price peaked in 2022 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($X per ton) and Greece ($X per ton), while the price for Canada ($X per ton) and the UK ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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