Southern Asia: Slate Market 2024

Slate Market Size in Southern Asia

After two years of growth, the South Asian slate market decreased by -5.3% to $X in 2021. In general, consumption, however, saw a remarkable increase. Over the period under review, the market attained the peak level at $X in 2020, and then declined in the following year.

Slate Production in Southern Asia

In value terms, slate production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a resilient increase. The pace of growth was the most pronounced in 2014 with an increase of 118%. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Slate Exports

Exports in Southern Asia

After four years of decline, shipments abroad of slate increased by 20% to X tons in 2021. Overall, exports, however, continue to indicate a abrupt downturn. The growth pace was the most rapid in 2016 when exports increased by 38% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, slate exports surged to $X in 2021. Over the period under review, exports, however, saw a perceptible decrease. The most prominent rate of growth was recorded in 2016 when exports increased by 23% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

India dominates exports structure, recording X tons, which was approx. 98% of total exports in 2021. Pakistan (X tons) followed a long way behind the leaders.

India was also the fastest-growing in terms of the slate exports, with a CAGR of -5.7% from 2012 to 2021. Pakistan (-13.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India increased by +2.4 percentage points.

In value terms, India ($X) remains the largest slate supplier in Southern Asia, comprising 98% of total exports. The second position in the ranking was held by Pakistan ($X), with a 1.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in India amounted to -2.1%.

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2021, reducing by -2.7% against the previous year. Export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, slate export price increased by +44.4% against 2016 indices. The most prominent rate of growth was recorded in 2014 an increase of 28%. Over the period under review, the export prices hit record highs at $X per ton in 2020, and then declined modestly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was India ($X per ton), while Pakistan totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (+19.9%).

Slate Imports

Imports in Southern Asia

In 2021, approx. X tons of slate were imported in Southern Asia; picking up by 129% compared with the previous year's figure. Over the period under review, imports saw a prominent increase. The pace of growth was the most pronounced in 2017 when imports increased by 224%. Over the period under review, imports reached the peak figure in 2021 and are likely to continue growth in years to come.

In value terms, slate imports skyrocketed to $X in 2021. Overall, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2017 when imports increased by 170% against the previous year. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the immediate term.

Imports by Country

India (X tons) and Pakistan (X tons) represented the major importers of slate in 2021, recording approx. 46% and 34% of total imports, respectively. Bangladesh (X tons) held the next position in the ranking, distantly followed by Maldives (X tons). All these countries together held approx. 19% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Pakistan (with a CAGR of +40.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), India ($X) and Maldives ($X) were the countries with the highest levels of imports in 2021, together accounting for 90% of total imports.

In terms of the main importing countries, India, with a CAGR of +43.9%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per ton, falling by -24.4% against the previous year. In general, the import price, however, enjoyed a strong expansion. The pace of growth appeared the most rapid in 2016 an increase of 38%. Over the period under review, import prices reached the maximum at $X per ton in 2020, and then reduced dramatically in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+6.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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