South Africa: Worked Slate Market 2024

Worked Slate Market Size in South Africa

The South African worked slate market reached $X in 2022, increasing by 1.6% against the previous year. Over the period under review, consumption, however, continues to indicate a mild curtailment. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Worked Slate Production in South Africa

In value terms, worked slate production stood at $X in 2022 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 26% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Worked Slate Exports

Exports from South Africa

In 2022, approx. X tons of worked slate were exported from South Africa; declining by -26.8% compared with the previous year's figure. Overall, exports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2021 when exports increased by 58% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, worked slate exports shrank significantly to $X in 2022. In general, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 111%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X tons) was the main destination for worked slate exports from South Africa, accounting for a 42% share of total exports. Moreover, worked slate exports to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was taken by Namibia (X tons), with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Botswana amounted to +18.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (+2.7% per year) and Namibia (+21.3% per year).

In value terms, Namibia ($X), Zimbabwe ($X) and Botswana ($X) constituted the largest markets for worked slate exported from South Africa worldwide, with a combined 70% share of total exports.

Among the main countries of destination, Namibia, with a CAGR of +33.7%, recorded the highest rates of growth with regard to 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

The average worked slate export price stood at $X per ton in 2022, surging by 2% against the previous year. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 33% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Botswana ($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 Namibia (+10.3%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into South Africa

In 2022, purchases abroad of worked slate increased by 11% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt curtailment. The growth pace was the most rapid in 2021 when imports increased by 28% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, worked slate imports surged to $X in 2022. In general, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2014 with an increase of 34%. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and India (X tons) were the main suppliers of worked slate imports to South Africa, with a combined 97% 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 +1.2%), while imports for the other leaders experienced a decline.

In value terms, Brazil ($X), China ($X) and India ($X) were the largest worked slate suppliers to South Africa, together comprising 93% of total imports. Spain lagged somewhat behind, comprising a further 4.6%.

In terms of the main suppliers, Spain, with a CAGR of +2.0%, recorded the highest growth rate of 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, with an increase of 4.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 an increase of 9.3%. Over the period under review, average import prices hit record highs in 2022 and is likely to continue growth in the near future.

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 Spain ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+6.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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