Europe: Worked Slate Market 2024

Worked Slate Market Size in Europe

In 2022, the Europe worked slate market increased by 11% to $X, rising for the third year in a row after two years of decline. In general, consumption, however, saw a abrupt shrinkage. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Worked Slate Production in Europe

In value terms, worked slate production totaled $X in 2022 estimated in export price. In general, production recorded a deep reduction. The pace of growth appeared the most rapid in 2021 when the production volume increased by 15% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Worked Slate Exports

Exports in Europe

In 2022, worked slate exports in Europe shrank to X tons, reducing by -9.4% on the year before. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of X tons, and then fell in the following year.

In value terms, worked slate exports shrank slightly to $X in 2022. The total export value increased at an average annual rate of +1.0% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 27%. As a result, the exports attained the peak of $X, and then contracted slightly in the following year.

Exports by Country

Spain dominates exports structure, accounting for X tons, which was approx. 86% of total exports in 2022. The following exporters - Portugal (X tons), the UK (X tons) and Norway (X tons) - together made up 6.4% of total exports.

Spain experienced a relatively flat trend pattern with regard to volume of exports of worked slate. At the same time, Norway (+8.4%) and Portugal (+1.3%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Europe, with a CAGR of +8.4% from 2012-2022. By contrast, the UK (-1.2%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest worked slate supplier in Europe, comprising 87% of total exports. The second position in the ranking was held by the UK ($X), with a 2.3% share of total exports. It was followed by Norway, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Spain totaled +1.5%. In the other countries, the average annual rates were as follows: the UK (+0.6% per year) and Norway (-0.5% per year).

Export Prices by Country

In 2022, the export price in Europe amounted to $X per ton, with an increase of 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2021 when the export price increased by 13%. The level of export peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the UK ($X per ton), while Portugal ($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 (+1.8%), while the other leaders experienced mixed trends in the export price figures.

Worked Slate Imports

Imports in Europe

In 2022, the amount of worked slate imported in Europe shrank to X tons, approximately mirroring the previous year. Over the period under review, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year. As a result, imports attained the peak of X tons, leveling off in the following year.

In value terms, worked slate imports rose notably to $X in 2022. The total import value increased at an average annual rate of +2.2% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 25%. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

Imports by Country

France (X tons) and the UK (X tons) prevails in imports structure, together constituting 73% of total imports. It was distantly followed by Germany (X tons), committing an 8.2% share of total imports. The following importers - Ireland (X tons), Belgium (X tons), Spain (X tons) and Denmark (X tons) - together made up 9.9% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of +5.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the UK ($X) and Germany ($X) constituted the countries with the highest levels of imports in 2022, with a combined 79% share of total imports.

In terms of the main importing countries, the UK, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Europe amounted to $X per ton, with an increase of 7.6% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2021 when the import price increased by 13% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform