Turkey: Slate Market 2024

Slate Market Size in Turkey

In 2021, after eight years of decline, there was growth in the Turkish slate market, when its value increased by 0.1% to $X. Overall, consumption, however, recorded a abrupt shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Slate Production in Turkey

In value terms, slate production rose significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a noticeable decrease. The pace of growth appeared the most rapid in 2014 when the production volume increased by 14% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Slate Exports

Exports from Turkey

In 2021, after three years of decline, there was significant growth in overseas shipments of slate, when their volume increased by 54% to X tons. In general, exports showed resilient growth. The most prominent rate of growth was recorded in 2013 with an increase of 320% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, slate exports surged to $X in 2021. Over the period under review, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 172%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X tons), Italy (X tons) and Sweden (X tons) were the main destinations of slate exports from Turkey, together comprising 65% of total exports. These countries were followed by Cyprus, Serbia, Australia and the UK, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +106.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for slate exported from Turkey were Sweden ($X), Germany ($X) and Italy ($X), together comprising 74% of total exports. Australia, the UK, Serbia and Cyprus lagged somewhat behind, together comprising a further 19%.

Serbia, with a CAGR of +97.3%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average slate export price amounted to $X per ton, with an increase of 13% against the previous year. Over the period under review, the export price, however, showed a pronounced decrease. Over the period under review, the average export prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Cyprus ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+6.3%), while the prices for the other major destinations experienced mixed trend patterns.

Slate Imports

Imports into Turkey

In 2021, purchases abroad of slate decreased by -34.9% to X tons for the first time since 2018, thus ending a two-year rising trend. In general, imports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2013 with an increase of 113%. Over the period under review, imports reached the maximum at X tons in 2020, and then shrank notably in the following year.

In value terms, slate imports contracted sharply to $X in 2021. Over the period under review, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2013 with an increase of 83% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, France (X tons) constituted the largest supplier of slate to Turkey, accounting for a 88% share of total imports. Moreover, slate imports from France exceeded the figures recorded by the second-largest supplier, India (X tons), tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+11.8% per year) and Greece (-11.1% per year).

In value terms, France ($X) constituted the largest supplier of slate to Turkey, comprising 77% of total imports. The second position in the ranking was held by India ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from France totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+13.2% per year) and Greece (-22.9% per year).

Import Prices by Country

In 2021, the average slate import price amounted to $X per ton, with an increase of 16% against the previous year. Overall, the import price, however, showed a noticeable slump. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was India ($X per ton), while the price for Greece ($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 (+1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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