Northern America: Worked Slate Market 2024

Worked Slate Market Size in Northern America

After two years of growth, the North American worked slate market decreased by -7.4% to $X in 2022. The total consumption indicated prominent growth from 2012 to 2022: its value increased at an average annual rate of +7.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +86.6% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2021, and then dropped in the following year.

Worked Slate Production in Northern America

In value terms, worked slate production reduced to $X in 2022 estimated in export price. Overall, production, however, posted strong growth. The pace of growth was the most pronounced in 2018 with an increase of 51% against the previous year. Over the period under review, production attained the peak level at $X in 2021, and then fell in the following year.

Worked Slate Exports

Exports in Northern America

In 2022, exports of worked slate in Northern America surged to X tons, growing by 22% against the year before. Overall, exports, however, continue to indicate a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 27%. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, worked slate exports skyrocketed to $X in 2022. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 58% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Canada was the major exporting country with an export of around X tons, which finished at 87% of total exports. It was distantly followed by the United States (X tons), comprising a 13% share of total exports.

Canada was also the fastest-growing in terms of the worked slate exports, with a CAGR of -1.8% from 2012 to 2022. The United States (-9.6%) illustrated a downward trend over the same period. Canada (+13 p.p.) significantly strengthened its position in terms of the total exports, while the United States saw its share reduced by -12.5% from 2012 to 2022, respectively.

In value terms, Canada ($X) remains the largest worked slate supplier in Northern America, comprising 77% of total exports. The second position in the ranking was taken by the United States ($X), with a 23% share of total exports.

In Canada, worked slate exports expanded at an average annual rate of +1.5% over the period from 2012-2022.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, falling by -4.4% against the previous year. Export price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate export price increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 43%. Over the period under review, the export prices reached the peak figure at $X per ton in 2021, and then contracted modestly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+11.2%).

Worked Slate Imports

Imports in Northern America

In 2022, the amount of worked slate imported in Northern America shrank to X tons, which is down by -10% on 2021 figures. Overall, imports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 when imports increased by 15% against the previous year. The volume of import peaked at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, worked slate imports expanded sharply to $X in 2022. In general, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 20%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The United States prevails in imports structure, resulting at X tons, which was approx. 93% of total imports in 2022. It was distantly followed by Canada (X tons), committing a 6.9% share of total imports.

The United States was also the fastest-growing in terms of the worked slate imports, with a CAGR of -3.1% from 2012 to 2022. Canada (-9.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +5.5 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported worked slate in Northern America, comprising 91% of total imports. The second position in the ranking was held by Canada ($X), with an 8.4% share of total imports.

In the United States, worked slate imports shrank by an average annual rate of -2.3% over the period from 2012-2022.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2022, surging by 17% against the previous year. Over the last decade, it increased at an average annual rate of +1.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Source: IndexBox Platform

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