Southern Asia: Worked Slate Market 2024

Worked Slate Market Size in Southern Asia

The South Asian worked slate market rose sharply to $X in 2022, surging by 5.3% against the previous year. In general, consumption recorded a buoyant increase. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Worked Slate Production in Southern Asia

In value terms, worked slate production totaled $X in 2022 estimated in export price. Overall, production enjoyed strong growth. The pace of growth was the most pronounced in 2017 with an increase of 62%. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Worked Slate Exports

Exports in Southern Asia

In 2022, worked slate exports in Southern Asia shrank to X tons, falling by -5.9% compared with 2021 figures. In general, exports continue to indicate a mild curtailment. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, worked slate exports shrank modestly to $X in 2022. Over the period under review, exports, however, continue to indicate strong growth. The pace of growth appeared the most rapid in 2018 when exports increased by 43%. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

In 2022, India (X tons) represented the main exporter of worked slate in Southern Asia, constituting 100% of total export.

India was also the fastest-growing in terms of the worked slate exports, with a CAGR of -1.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest worked slate supplier in Southern Asia.

From 2012 to 2022, the average annual rate of growth in terms of value in India totaled +10.6%.

Export Prices by Country

In 2022, the export price in Southern Asia amounted to $X per ton, picking up by 4.6% against the previous year. Over the period under review, the export price recorded a strong increase. The most prominent rate of growth was recorded in 2017 an increase of 56% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to +12.2% per year.

Worked Slate Imports

Imports in Southern Asia

After two years of growth, purchases abroad of worked slate decreased by -3.9% to X tons in 2022. In general, imports, however, recorded a strong expansion. The pace of growth was the most pronounced in 2015 with an increase of 97% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, worked slate imports reduced to $X in 2022. Overall, imports, however, saw buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 51% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Afghanistan represented the key importer of worked slate in Southern Asia, with the volume of imports recording X tons, which was approx. 77% of total imports in 2022. Bangladesh (X tons) took the second position in the ranking, followed by Maldives (X tons). All these countries together held near 19% share of total imports. Pakistan (X tons) followed a long way behind the leaders.

Afghanistan was also the fastest-growing in terms of the worked slate imports, with a CAGR of +80.9% from 2012 to 2022. At the same time, Maldives (+2.5%) and Bangladesh (+1.4%) displayed positive paces of growth. By contrast, Pakistan (-12.6%) illustrated a downward trend over the same period. Afghanistan (+76 p.p.) significantly strengthened its position in terms of the total imports, while Maldives, Bangladesh and Pakistan saw its share reduced by -10.7%, -16.4% and -24.7% from 2012 to 2022, respectively.

In value terms, Afghanistan ($X) constitutes the largest market for imported worked slate in Southern Asia, comprising 66% of total imports. The second position in the ranking was held by Maldives ($X), with a 16% share of total imports. It was followed by Bangladesh, with a 7.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Afghanistan stood at +60.9%. The remaining importing countries recorded the following average annual rates of imports growth: Maldives (+6.5% per year) and Bangladesh (+2.9% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, reducing by -5.5% against the previous year. Overall, the import price saw a perceptible decrease. The pace of growth appeared the most rapid in 2014 an increase of 30% against the previous year. The level of import peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

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 Maldives ($X per ton), while Bangladesh ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Pakistan (+10.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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