Eastern Asia: Worked Slate Market 2024

Worked Slate Market Size in Eastern Asia

For the fifth year in a row, the East Asian worked slate market recorded growth in sales value, which increased by 23% to $X in 2022. The total consumption indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +6.3% 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 +81.6% against 2017 indices. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Worked Slate Production in Eastern Asia

In value terms, worked slate production skyrocketed to $X in 2022 estimated in export price. The total production indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +68.5% against 2017 indices. As a result, production attained the peak level and is likely to continue growth in the immediate term.

Worked Slate Exports

Exports in Eastern Asia

Worked slate exports declined to X tons in 2022, shrinking by -10.9% compared with the previous year. Overall, exports recorded a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 19%. Over the period under review, the exports attained the maximum 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 sharply to $X in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when exports increased by 11%. Over the period under review, the exports reached the maximum in 2022 and are likely to see gradual growth in years to come.

Exports by Country

The shipments of the one major exporters of worked slate, namely China, represented more than two-thirds of total export.

China was also the fastest-growing in terms of the worked slate exports, with a CAGR of -4.2% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest worked slate supplier in Eastern Asia.

In China, worked slate exports increased at an average annual rate of +2.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, increasing by 20% against the previous year. Export price indicated strong growth 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 +80.3% against 2017 indices. The growth pace was the most rapid in 2016 an increase of 27%. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +7.2% per year.

Worked Slate Imports

Imports in Eastern Asia

In 2022, approx. X tons of worked slate were imported in Eastern Asia; rising by 2.9% on the year before. In general, imports, however, continue to indicate a slight decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 140%. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, worked slate imports reached $X in 2022. Overall, imports posted a strong expansion. The growth pace was the most rapid in 2020 with an increase of 124% against the previous year. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, South Korea (X tons) represented the major importer of worked slate, making up 65% of total imports. Japan (X tons) held the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together held near 34% share of total imports.

South Korea was also the fastest-growing in terms of the worked slate imports, with a CAGR of +6.4% from 2012 to 2022. Japan (-7.7%) and Taiwan (Chinese) (-10.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea increased by +36 percentage points.

In value terms, South Korea ($X) constitutes the largest market for imported worked slate in Eastern Asia, comprising 61% of total imports. The second position in the ranking was taken by Japan ($X), with a 25% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to +19.3%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.2% per year) and Taiwan (Chinese) (-2.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, rising by 9% against the previous year. Import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +7.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate import price increased by +8.2% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 20% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+12.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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