Russian Federation: Worked Slate Market 2024

Worked Slate Market Size in the Russian Federation

The Russian worked slate market rose modestly to $X in 2022, with an increase of 3% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Worked Slate Production in the Russian Federation

In value terms, worked slate production rose to $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 31%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a lower figure.

Worked Slate Exports

Exports from the Russian Federation

In 2022, shipments abroad of worked slate decreased by -29% to X tons, falling for the third consecutive year after five years of growth. In general, exports, however, posted a buoyant expansion. The pace of growth was the most pronounced in 2019 when exports increased by 114%. As a result, the exports reached the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, worked slate exports shrank slightly to $X in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 94% against the previous year. The exports peaked at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X tons) was the main destination for worked slate exports from Russia, accounting for a 82% share of total exports. Moreover, worked slate exports to the United States exceeded the volume sent to the second major destination, Greece (X tons), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +152.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+231.4% per year) and Germany (-16.6% per year).

In value terms, the United States ($X) remains the key foreign market for worked slate exports from Russia, comprising 84% of total exports. The second position in the ranking was held by Greece ($X), with a 6.1% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +171.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greece (+282.5% per year) and Germany (-15.6% per year).

Export Prices by Country

The average worked slate export price stood at $X per ton in 2022, surging by 40% against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2013 an increase of 65% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Germany ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+15.4%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into the Russian Federation

In 2022, the amount of worked slate imported into Russia shrank notably to X tons, waning by -17.5% compared with the year before. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 54%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, worked slate imports fell dramatically to $X in 2022. In general, imports showed a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of 91% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and Spain (X tons) were the main suppliers of worked slate imports to Russia, with a combined 92% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of +5.9%), while imports for the other leaders experienced a decline.

In value terms, the largest worked slate suppliers to Russia were China ($X), Spain ($X) and Brazil ($X), together accounting for 92% of total imports.

Among the main suppliers, Brazil, with a CAGR of +6.3%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, reducing by -7.6% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +6.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate import price increased by +68.6% against 2017 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by 24%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Brazil ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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