Japan: Slate Market 2024

Slate Market Size in Japan

The Japanese slate market was estimated at $X in 2021, remaining constant against the previous year. Overall, consumption, however, showed a perceptible decline. Slate consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Slate Production in Japan

In value terms, slate production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2019 when the production volume increased by 110%. Slate production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Slate Exports

Exports from Japan

Slate exports from Japan shrank significantly to X tons in 2021, which is down by -43.8% compared with the year before. Overall, exports recorded a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of 325% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, slate exports reduced dramatically to $X in 2021. In general, exports faced a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 459% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Vietnam (X tons), South Korea (X tons) and the Philippines (X kg) were the main destinations of slate exports from Japan, together comprising 64% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Vietnam (with a CAGR of +30.7%), while the other leaders experienced a decline.

In value terms, South Korea ($X), Vietnam ($X) and the Philippines ($X) constituted the largest markets for slate exported from Japan worldwide, together comprising 71% of total exports.

Among the main countries of destination, Vietnam, with a CAGR of +34.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average slate export price stood at $X per ton in 2021, with a decrease of -3.3% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 53%. The export price peaked at $X per ton in 2020, and then reduced modestly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while the average price for exports to Vietnam ($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 Philippines (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Slate Imports

Imports into Japan

For the third year in a row, Japan recorded decline in overseas purchases of slate, which decreased by -4.2% to X tons in 2021. Over the period under review, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2014 with an increase of 41% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, slate imports fell modestly to $X in 2021. Overall, imports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when imports increased by 38% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

France (X tons), China (X tons) and India (X tons) were the main suppliers of slate imports to Japan, with a combined 60% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +33.1%), while imports for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of slate to Japan, comprising 54% of total imports. The second position in the ranking was taken by France ($X), with a 21% share of total imports. It was followed by India, with a 6.4% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-10.7% per year) and India (+39.2% per year).

Import Prices by Country

In 2021, the average slate import price amounted to $X per ton, rising by 1.8% against the previous year. Overall, import price indicated a resilient increase from 2012 to 2021: its price increased at an average annual rate of +5.0% 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 increased by +47.2% against 2015 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 13% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is likely to continue growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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