U.S.: Worked Slate Market 2024

Worked Slate Market Size in the U.S.

The U.S. worked slate market was estimated at $X in 2022, growing by 4.2% against the previous year. In general, the total consumption indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +6.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -5.4% against 2020 indices. Worked slate consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Worked Slate Production in the U.S.

In value terms, worked slate production totaled $X in 2022. Over the period under review, production, however, continues to indicate a remarkable increase. The growth pace was the most rapid in 2020 when the production volume increased by 45%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Worked Slate Exports

Exports from the U.S.

In 2022, shipments abroad of worked slate increased by 9.4% to X tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw a abrupt contraction. The pace of growth was the most pronounced in 2019 when exports increased by 47%. Over the period under review, the exports attained the peak figure at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, worked slate exports skyrocketed to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Canada (X tons), Japan (X tons) and the UK (X tons) were the main destinations of worked slate exports from the United States, with a combined 70% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for worked slate exports from the United States, comprising 47% of total exports. The second position in the ranking was held by Bahamas ($X), with a 15% share of total exports. It was followed by the UK, with an 11% share.

From 2012 to 2022, the average annual growth rate of value to Canada amounted to -3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bahamas (+45.7% per year) and the UK (+6.7% per year).

Export Prices by Country

The average worked slate export price stood at $X per ton in 2022, surging by 17% against the previous year. Over the period under review, the export price saw a strong increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by 70%. The export price peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bahamas ($X per ton), while the average price for exports to Japan ($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 Bahamas (+19.3%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into the U.S.

In 2022, the amount of worked slate imported into the United States fell to X tons, with a decrease of -11.5% on the previous year's figure. Over the period under review, imports continue to indicate a noticeable downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 16%. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, worked slate imports reached $X in 2022. Overall, imports continue to indicate a perceptible decline. The pace of growth appeared the most rapid in 2021 with an increase of 19%. Over the period under review, imports attained the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

China (X tons), Brazil (X tons) and India (X tons) were the main suppliers of worked slate imports to the United States, with a combined 77% share of total imports. Spain, Canada, Vietnam and the UK lagged somewhat behind, together comprising a further 20%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +14.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Brazil ($X) and Spain ($X) appeared to be the largest worked slate suppliers to the United States, together accounting for 63% of total imports. India, Canada, the UK and Vietnam lagged somewhat behind, together accounting for a further 33%.

Vietnam, with a CAGR of +16.7%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average worked slate import price stood at $X per ton in 2022, growing by 18% against the previous year. Overall, the import price recorded a relatively flat trend pattern. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for India ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+15.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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