Belgium: Worked Slate Market 2024

Worked Slate Market Size in Belgium

The Belgian worked slate market expanded remarkably to $X in 2022, picking up by 12% against the previous year. Over the period under review, the total consumption indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +48.8% against 2020 indices. Worked slate consumption peaked in 2022 and is expected to retain growth in the near future.

Worked Slate Production in Belgium

In value terms, worked slate production declined to $X in 2022 estimated in export price. In general, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 2,019% against the previous year. Worked slate production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Worked Slate Exports

Exports from Belgium

After four years of growth, shipments abroad of worked slate decreased by -43.3% to X tons in 2022. Overall, exports continue to indicate a slight downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 115% against the previous year. The exports peaked at X tons in 2021, and then reduced rapidly in the following year.

In value terms, worked slate exports contracted significantly to $X in 2022. Over the period under review, exports saw a perceptible contraction. The pace of growth appeared the most rapid in 2020 with an increase of 75% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then contracted sharply in the following year.

Exports by Country

France (X tons) was the main destination for worked slate exports from Belgium, accounting for a 52% share of total exports. Moreover, worked slate exports to France exceeded the volume sent to the second major destination, Luxembourg (X tons), twofold. Spain (X tons) ranked third in terms of total exports with a 7.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to +8.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Luxembourg (+4.9% per year) and Spain (+23.4% per year).

In value terms, the largest markets for worked slate exported from Belgium were Luxembourg ($X), France ($X) and Spain ($X), together accounting for 80% of total exports. Denmark, Germany, the Netherlands and Switzerland lagged somewhat behind, together comprising a further 16%.

In terms of the main countries of destination, Denmark, with a CAGR of +49.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average worked slate export price amounted to $X per ton, with a decrease of -5.2% against the previous year. Overall, the export price saw a slight contraction. The most prominent rate of growth was recorded in 2015 an increase of 41% against the previous year. The export price peaked at $X per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Luxembourg ($X per ton), while the average price for exports to France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+4.4%), while the prices for the other major destinations experienced mixed trend patterns.

Worked Slate Imports

Imports into Belgium

After three years of growth, purchases abroad of worked slate decreased by -17.9% to X tons in 2022. Over the period under review, imports continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 21% against the previous year. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, worked slate imports dropped to $X in 2022. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 27% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of worked slate to Belgium, with a 64% share of total imports. Moreover, worked slate imports from Spain exceeded the figures recorded by the second-largest supplier, Germany (X tons), sixfold. Canada (X tons) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.7% per year) and Canada (-8.2% per year).

In value terms, Spain ($X) constituted the largest supplier of worked slate to Belgium, comprising 68% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Canada, with a 5.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.2% per year) and Canada (-6.3% per year).

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, surging by 15% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.1%. The pace of growth was the most pronounced in 2021 an increase of 18%. Over the period under review, average import prices hit record highs in 2022 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Luxembourg ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :