China: Worked Slate Market 2024

Worked Slate Market Size in China

The Chinese worked slate market rose to $X in 2022, with an increase of 4.9% against the previous year. The market value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. Worked slate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Worked Slate Production in China

In value terms, worked slate production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 14% against the previous year. Worked slate production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Worked Slate Exports

Exports from China

Worked slate exports from China shrank to X tons in 2022, which is down by -10.9% on 2021 figures. Overall, exports recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked slate exports rose significantly to $X in 2022. The total export value increased at an average annual rate of +2.7% from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 11%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.

Exports by Country

The United States (X tons), France (X tons) and Vietnam (X tons) were the main destinations of worked slate exports from China, with a combined 43% share of total exports. The UK, Belgium, Germany, Spain, Australia, Italy, Japan, Norway, the Philippines and Chile lagged somewhat behind, together accounting for a further 31%.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of +18.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), France ($X) and Vietnam ($X) appeared to be the largest markets for worked slate exported from China worldwide, together comprising 38% of total exports. The UK, Japan, Germany, Belgium, the Philippines, Australia, Spain, Italy, Chile and Norway lagged somewhat behind, together accounting for a further 32%.

The Philippines, with a CAGR of +39.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average worked slate export price stood at $X per ton in 2022, with an increase of 20% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +7.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate export price increased by +80.5% against 2017 indices. The growth pace was the most rapid in 2016 an increase of 27% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Norway ($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 Vietnam (+18.6%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into China

In 2022, approx. X tons of worked slate were imported into China; waning by -22.4% against the year before. In general, imports, however, posted notable growth. The pace of growth appeared the most rapid in 2015 when imports increased by 527%. Over the period under review, imports reached the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, worked slate imports contracted dramatically to $X in 2022. Over the period under review, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of 493% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then shrank markedly in the following year.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of worked slate to China, with a 83% share of total imports. Moreover, worked slate imports from India exceeded the figures recorded by the second-largest supplier, Brazil (X tons), eightfold. The third position in this ranking was held by Spain (X tons), with a 4.8% share.

From 2012 to 2022, the average annual growth rate of volume from India amounted to +14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-5.5% per year) and Spain (-14.9% per year).

In value terms, India ($X) constituted the largest supplier of worked slate to China, comprising 93% of total imports. The second position in the ranking was taken by Brazil ($X), with a 1.4% share of total imports. It was followed by Spain, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +15.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-10.5% per year) and Spain (-12.2% per year).

Import Prices by Country

The average worked slate import price stood at $X per ton in 2022, increasing by 2.8% against the previous year. Over the period under review, the import price posted a pronounced expansion. The growth pace was the most rapid in 2017 when the average import price increased by 195%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+40.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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