India: Slate Market 2024

Slate Market Size in India

After five years of growth, the Indian slate market decreased by -1.3% to $X in 2021. The market value increased at an average annual rate of +2.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Slate consumption peaked at $X in 2020, and then declined slightly in the following year.

Slate Production in India

In value terms, slate production totaled $X in 2021 estimated in export price. In general, production continues to indicate a abrupt descent. Slate production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Slate Exports

Exports from India

In 2021, shipments abroad of slate was finally on the rise to reach X tons after four years of decline. Overall, exports, however, continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2016 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, slate exports expanded remarkably to $X in 2021. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2016 with an increase of 23%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for slate exports from India, accounting for a 42% share of total exports. Moreover, slate exports to the United States exceeded the volume sent to the second major destination, the UK (X tons), sixfold. France (X tons) ranked third in terms of total exports with a 7.1% share.

From 2012 to 2021, the average annual growth rate of volume to the United States amounted to -4.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-15.5% per year) and France (+12.2% per year).

In value terms, the United States ($X) remains the key foreign market for slate exports from India, comprising 42% of total exports. The second position in the ranking was taken by France ($X), with an 8.8% share of total exports. It was followed by the UK, with a 6.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at -2.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+18.1% per year) and the UK (-10.3% per year).

Export Prices by Country

The average slate export price stood at $X per ton in 2021, waning by -2.3% against the previous year. Overall, export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slate export price increased by +45.5% against 2016 indices. The most prominent rate of growth was recorded in 2014 when the average export price increased by 28% against the previous year. The export price peaked at $X per ton in 2020, and then declined modestly in the following year.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Canada ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Slate Imports

Imports into India

After two years of decline, purchases abroad of slate increased by 1,714% to X tons in 2021. Over the period under review, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, slate imports skyrocketed to $X in 2021. Overall, imports posted a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Vietnam (X tons) was the main supplier of slate to India, with a 92% share of total imports. Moreover, slate imports from Vietnam exceeded the figures recorded by the second-largest supplier, Russia (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Vietnam totaled +46.9%.

In value terms, Vietnam ($X) constituted the largest supplier of slate to India, comprising 84% of total imports. The second position in the ranking was taken by Russia ($X), with a 14% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Vietnam stood at +42.7%.

Import Prices by Country

In 2021, the average slate import price amounted to $X per ton, declining by -19.3% against the previous year. Over the period under review, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slate import price decreased by -23.0% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 77% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Vietnam stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+2.0%).

Source: IndexBox Platform

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