Middle East: Worked Slate Market 2024

Worked Slate Market Size in the Middle East

In 2022, after seven years of growth, there was significant decline in the Middle Eastern worked slate market, when its value decreased by -7.6% to $X. Over the period under review, consumption continues to indicate buoyant growth. Over the period under review, the market attained the peak level at $X in 2021, and then dropped in the following year.

Worked Slate Production in the Middle East

In value terms, worked slate production dropped to $X in 2022 estimated in export price. Overall, production continues to indicate strong growth. The most prominent rate of growth was recorded in 2016 when the production volume increased by 57% against the previous year. The level of production peaked at $X in 2021, and then fell in the following year.

Worked Slate Exports

Exports in the Middle East

In 2022, overseas shipments of worked slate increased by 66% to X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a deep setback. Over the period under review, the exports reached the peak figure at X tons in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

In value terms, worked slate exports soared to $X in 2022. Overall, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2017 with an increase of 88% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Turkey (X tons) was the main exporter of worked slate, mixing up 48% of total exports. Palestine (X tons) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by Oman (9%), Iran (7.1%) and Syrian Arab Republic (4.6%). The United Arab Emirates (X tons) held a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Palestine (with a CAGR of +44.7%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest worked slate supplying countries in the Middle East were Turkey ($X), Palestine ($X) and Iran ($X), with a combined 87% share of total exports.

In terms of the main exporting countries, Palestine, with a CAGR of +52.1%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in the Middle East amounted to $X per ton, with a decrease of -8.2% against the previous year. Overall, the export price, however, showed a strong expansion. The growth pace was the most rapid in 2016 when the export price increased by 42%. Over the period under review, the export prices reached the maximum at $X per ton in 2021, and then contracted in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman ($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 United Arab Emirates (+16.2%), while the other leaders experienced more modest paces of growth.

Worked Slate Imports

Imports in the Middle East

In 2022, purchases abroad of worked slate increased by 46% to X tons for the first time since 2017, thus ending a four-year declining trend. In general, imports, however, showed a abrupt curtailment. The volume of import peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, worked slate imports rose markedly to $X in 2022. Overall, imports, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2017 with an increase of 48%. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates (X tons), Turkey (X tons), Qatar (X tons), Iraq (X tons), Oman (X tons) and Kuwait (X tons) represented roughly 90% of total imports in 2022. It was distantly followed by Israel (X tons), comprising a 4.7% share of total imports. Lebanon (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of +8.7%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, the largest worked slate importing markets in the Middle East were the United Arab Emirates ($X), Turkey ($X) and Iraq ($X), together comprising 72% of total imports.

Turkey, with a CAGR of +7.4%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2022, declining by -21.5% against the previous year. Over the period under review, the import price, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2021 when the import price increased by 36%. As a result, import price reached the peak level of $X per ton, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Israel ($X per ton), while Qatar ($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 United Arab Emirates (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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