Malaysia: Slate Market 2024

Slate Market Size in Malaysia

The Malaysian slate market was estimated at $X in 2021, surging by 9.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, recorded a pronounced setback. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Slate Exports

Exports from Malaysia

For the third consecutive year, Malaysia recorded growth in shipments abroad of slate, which increased by 96% to X tons in 2021. In general, exports enjoyed prominent growth. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, slate exports skyrocketed to $X in 2021. Overall, exports recorded a resilient expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Brunei Darussalam (X tons) was the main destination for slate exports from Malaysia, accounting for a 68% share of total exports. Moreover, slate exports to Brunei Darussalam exceeded the volume sent to the second major destination, Denmark (X tons), twofold. The United Arab Emirates (X kg) ranked third in terms of total exports with a 1.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Brunei Darussalam totaled +7.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+4.4% per year) and the United Arab Emirates (+50.4% per year).

In value terms, Brunei Darussalam ($X) remains the key foreign market for slate exports from Malaysia, comprising 69% of total exports. The second position in the ranking was held by Denmark ($X), with a 29% share of total exports. It was followed by the United Arab Emirates, with a 0.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Brunei Darussalam amounted to +20.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+12.9% per year) and the United Arab Emirates (-22.7% per year).

Export Prices by Country

The average slate export price stood at $X per ton in 2021, increasing by 26% against the previous year. In general, the export price recorded a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 53% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Brunei Darussalam ($X per ton), while the average price for exports to Singapore ($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 Vietnam (+12.4%), while the prices for the other major destinations experienced more modest paces of growth.

Slate Imports

Imports into Malaysia

In 2021, purchases abroad of slate was finally on the rise to reach X tons after two years of decline. Over the period under review, imports, however, recorded a abrupt slump. The growth pace was the most rapid in 2018 when imports increased by 180% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, slate imports expanded sharply to $X in 2021. Overall, imports, however, continue to indicate a slight decrease. The growth pace was the most rapid in 2018 when imports increased by 132%. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, India (X tons) constituted the largest slate supplier to Malaysia, with a 54% share of total imports. Moreover, slate imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. Indonesia (X tons) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-4.2% per year) and Indonesia (-11.7% per year).

In value terms, India ($X), China ($X) and Indonesia ($X) constituted the largest slate suppliers to Malaysia, together accounting for 85% of total imports. The United States, Germany, Vietnam and Singapore lagged somewhat behind, together comprising a further 13%.

The United States, with a CAGR of +22.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average slate import price amounted to $X per ton, with a decrease of -16.1% against the previous year. Overall, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% 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 +4.3% against 2019 indices. The growth pace was the most rapid in 2016 an increase of 30% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat 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 the United States ($X per ton), while the price for Vietnam ($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 (+8.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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