South-Eastern Asia: Worked Slate Market 2024

Worked Slate Market Size in South-Eastern Asia

The Southeast Asian worked slate market expanded modestly to $X in 2022, growing by 2.2% against the previous year. The total consumption indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +3.3% 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 +88.8% against 2017 indices. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Worked Slate Production in South-Eastern Asia

In value terms, worked slate production stood at $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +88.3% against 2017 indices. The most prominent rate of growth was recorded in 2020 with an increase of 46%. Over the period under review, production hit record highs in 2022 and is likely to continue growth in years to come.

Worked Slate Exports

Exports in South-Eastern Asia

After three years of growth, overseas shipments of worked slate decreased by -18.8% to X tons in 2022. In general, exports, however, recorded a noticeable increase. The pace of growth was the most pronounced in 2015 when exports increased by 129% against the previous year. The volume of export peaked at X tons in 2021, and then reduced notably in the following year.

In value terms, worked slate exports contracted remarkably to $X in 2022. Over the period under review, exports, however, posted a strong expansion. The growth pace was the most rapid in 2015 with an increase of 142%. Over the period under review, the exports hit record highs at $X in 2021, and then dropped dramatically in the following year.

Exports by Country

In 2022, Vietnam (X tons) was the major exporter of worked slate, creating 60% of total exports. It was distantly followed by Indonesia (X tons), achieving a 33% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Malaysia (with a CAGR of +13.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest worked slate supplying countries in South-Eastern Asia were Vietnam ($X), Indonesia ($X) and Malaysia ($X), with a combined 97% share of total exports.

Malaysia, with a CAGR of +16.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 South-Eastern Asia amounted to $X per ton, approximately reflecting the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.0% 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 +78.9% against 2017 indices. The pace of growth was the most pronounced in 2020 when the export price increased by 44%. The level of export peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per ton), while Vietnam ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+2.7%), while the other leaders experienced more modest paces of growth.

Worked Slate Imports

Imports in South-Eastern Asia

In 2022, purchases abroad of worked slate increased by 13% to X tons, rising for the second year in a row after two years of decline. The total import volume increased at an average annual rate of +1.1% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 21%. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, worked slate imports surged to $X in 2022. Total imports indicated a resilient expansion from 2012 to 2022: its value increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2020 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 37% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

Imports by Country

The Philippines was the major importing country with an import of about X tons, which accounted for 47% of total imports. Thailand (X tons) held the second position in the ranking, distantly followed by Vietnam (X tons) and Malaysia (X tons). All these countries together held near 48% share of total imports. The following importers - Indonesia (X tons) and Singapore (X tons) - each reached a 4.1% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by the Philippines (with a CAGR of +12.6%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, the Philippines ($X), Thailand ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2022, with a combined 83% share of total imports.

The Philippines, with a CAGR of +22.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in South-Eastern Asia amounted to $X per ton, surging by 8.1% against the previous year. Import price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +4.5% 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 +69.2% against 2015 indices. The pace of growth was the most pronounced in 2019 when the import price increased by 15%. Over the period under review, import prices reached the peak figure in 2022 and is likely to see steady growth in years to come.

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 Singapore ($X per ton), while Indonesia ($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 Philippines (+8.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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