GCC: Worked Slate Market 2024

Worked Slate Market Size in GCC

In 2022, the GCC worked slate market decreased by X% to $X, falling for the second year in a row after six years of growth. Overall, consumption, however, showed buoyant growth. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a somewhat lower figure.

Worked Slate Production in GCC

In value terms, worked slate production totaled $X in 2022 estimated in export price. In general, production posted strong growth. The pace of growth appeared the most rapid in 2016 with an increase of X%. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Worked Slate Exports

Exports in GCC

In 2022, shipments abroad of worked slate was finally on the rise to reach X tons for the first time since 2017, thus ending a four-year declining trend. In general, exports, however, continue to indicate a abrupt contraction. The volume of export peaked at X tons in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

In value terms, worked slate exports skyrocketed to $X in 2022. Over the period under review, exports continue to indicate a tangible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

In 2022, the United Arab Emirates (X tons) represented the major exporter of worked slate, achieving X% of total exports. It was distantly followed by Oman (X tons), committing a X% share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of X% from 2012 to 2022. Oman (X%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest worked slate supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Oman ($X), with a X% share of total exports.

In the United Arab Emirates, worked slate exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per ton, increasing by X% against the previous year. In general, the export price showed a resilient increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Oman totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%).

Worked Slate Imports

Imports in GCC

In 2022, imports of worked slate in GCC shrank significantly to X tons, declining by X% against the previous year. Overall, imports showed a sharp descent. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, worked slate imports declined dramatically to $X in 2022. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The United Arab Emirates was the largest importer of worked slate in GCC, with the volume of imports reaching X tons, which was near X% of total imports in 2022. Kuwait (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Oman (X%) and Qatar (X%). Bahrain (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to worked slate imports into the United Arab Emirates stood at X%. Kuwait (X%), Bahrain (X%), Oman (X%) and Qatar (X%) illustrated a downward trend over the same period. The United Arab Emirates (X p.p.), Kuwait (X p.p.) and Bahrain (X p.p.) significantly strengthened its position in terms of the total imports, while Oman and Qatar saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported worked slate in GCC, comprising X% of total imports. The second position in the ranking was taken by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%. In the other countries, the average annual rates were as follows: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

In 2022, the import price in GCC amounted to $X per ton, picking up by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2015 indices. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the immediate term.

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 Kuwait ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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