Thailand: Worked Slate Market 2024

Worked Slate Market Size in Thailand

The Thai worked slate market surged to $X in 2022, picking up by 31% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +9.6% 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 +34.1% against 2019 indices. Over the period under review, the market attained the maximum level in 2022 and is likely to see steady growth in years to come.

Worked Slate Exports

Exports from Thailand

In 2022, overseas shipments of worked slate increased by 108% to X tons, rising for the second consecutive year after two years of decline. In general, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 206%. The exports peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, worked slate exports shrank remarkably to $X in 2022. Over the period under review, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2021 with an increase of 190% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X tons) was the main destination for worked slate exports from Thailand, with a 79% share of total exports. Moreover, worked slate exports to the United Arab Emirates exceeded the volume sent to the second major destination, Lao People's Democratic Republic (X tons), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +46.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Lao People's Democratic Republic (+66.4% per year) and Egypt (+81.2% per year).

In value terms, the largest markets for worked slate exported from Thailand were Egypt ($X), Lao People's Democratic Republic ($X) and the United Arab Emirates ($X), together accounting for 92% of total exports.

Among the main countries of destination, Egypt, with a CAGR of +72.7%, saw the highest growth rate of 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

In 2022, the average worked slate export price amounted to $X per ton, dropping by -84.1% against the previous year. Overall, the export price showed a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 381% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($X per ton), while the average price for exports to the United Arab Emirates ($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 Germany (+689.4%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into Thailand

In 2022, worked slate imports into Thailand totaled X tons, increasing by 3.6% against 2021. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by +7.3% against 2019 indices. The growth pace was the most rapid in 2015 with an increase of 20%. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, worked slate imports soared to $X in 2022. Over the period under review, imports recorded a strong expansion. The most prominent rate of growth was recorded in 2016 with an increase of 48%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, India (X tons) constituted the largest supplier of worked slate to Thailand, accounting for a 74% share of total imports. Moreover, worked slate imports from India exceeded the figures recorded by the second-largest supplier, China (X tons), fourfold. Indonesia (X tons) ranked third in terms of total imports with a 5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from India stood at +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and Indonesia (+24.3% per year).

In value terms, India ($X) constituted the largest supplier of worked slate to Thailand, comprising 80% of total imports. The second position in the ranking was taken by China ($X), with a 15% share of total imports. It was followed by Indonesia, with a 3.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from India amounted to +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.9% per year) and Indonesia (+28.2% per year).

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, rising by 35% against the previous year. Overall, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +8.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, worked slate import price increased by +32.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 44%. Over the period under review, average import prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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