United Kingdom: Worked Slate Market 2024

Worked Slate Market Size in the UK

The UK worked slate market soared to $X in 2022, picking up by 21% against the previous year. In general, the total consumption indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.1% 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 +40.1% against 2020 indices. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Worked Slate Production in the UK

In value terms, worked slate production fell to $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The pace of growth was the most pronounced in 2019 when the production volume increased by 20%. Worked slate production peaked at $X in 2013; however, from 2014 to 2022, production failed to regain momentum.

Worked Slate Exports

Exports from the UK

In 2022, exports of worked slate from the UK contracted markedly to X tons, waning by -29.4% on the previous year. Overall, exports recorded a slight shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 67% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, worked slate exports contracted modestly to $X in 2022. In general, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Spain (X tons) and Ireland (X tons) were the main destinations of worked slate exports from the UK, together accounting for 75% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of +139.3%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Ireland ($X) and Spain ($X) were the largest markets for worked slate exported from the UK worldwide, with a combined 61% share of total exports.

In terms of the main countries of destination, Spain, with a CAGR of +110.0%, recorded the highest rates of growth with regard to 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

The average worked slate export price stood at $X per ton in 2022, surging by 40% against the previous year. Over the last decade, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 (+26.1%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into the UK

In 2022, worked slate imports into the UK amounted to X tons, growing by 12% on the year before. The total import volume increased at an average annual rate of +3.9% over the period from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, worked slate imports soared to $X in 2022. In general, total imports indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +5.9% 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 +43.0% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by 20% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.

Imports by Country

In 2022, Spain (X tons) constituted the largest supplier of worked slate to the UK, accounting for a 66% share of total imports. Moreover, worked slate imports from Spain exceeded the figures recorded by the second-largest supplier, Brazil (X tons), threefold. The third position in this ranking was taken by China (X tons), with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Spain totaled +4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+7.1% per year) and China (-0.4% per year).

In value terms, Spain ($X) constituted the largest supplier of worked slate to the UK, comprising 69% of total imports. The second position in the ranking was held by Brazil ($X), with a 17% share of total imports. It was followed by China, with a 7.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Spain amounted to +6.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+8.7% per year) and China (+8.0% per year).

Import Prices by Country

The average worked slate import price stood at $X per ton in 2022, increasing by 5.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.9%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 14% against the previous year. The import price peaked in 2022 and is expected to retain 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 China ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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