South Africa: Worked Slate Market 2024

Worked Slate Market Size in South Africa

The South African worked slate market was estimated at $X in 2022, with an increase of X% against the previous year. Over the period under review, consumption, however, recorded a mild decrease. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Worked Slate Production in South Africa

In value terms, worked slate production totaled $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2015 with an increase of X%. Worked slate production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Worked Slate Exports

Exports from South Africa

In 2022, exports of worked slate from South Africa contracted dramatically to X tons, with a decrease of X% against 2021 figures. Over the period under review, exports saw a abrupt contraction. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, worked slate exports dropped significantly to $X in 2022. In general, exports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Botswana (X tons) was the main destination for worked slate exports from South Africa, accounting for a X% share of total exports. Moreover, worked slate exports to Botswana exceeded the volume sent to the second major destination, Zimbabwe (X tons), threefold. The third position in this ranking was taken by Namibia (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Botswana amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Zimbabwe (X% per year) and Namibia (X% per year).

In value terms, Namibia ($X), Zimbabwe ($X) and Botswana ($X) constituted the largest markets for worked slate exported from South Africa worldwide, with a combined X% share of total exports.

In terms of the main countries of destination, Namibia, with a CAGR of X%, recorded 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, rising by X% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Namibia ($X per ton), while the average price for exports to Botswana ($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 Namibia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Worked Slate Imports

Imports into South Africa

In 2022, supplies from abroad of worked slate increased by X% to X tons, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a abrupt decline. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, worked slate imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Brazil (X tons), China (X tons) and India (X tons) were the main suppliers of worked slate imports to South Africa, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Brazil (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, the largest worked slate suppliers to South Africa were Brazil ($X), China ($X) and India ($X), together comprising X% of total imports. Spain lagged somewhat behind, accounting for a further X%.

In terms of the main suppliers, Spain, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average worked slate import price amounted to $X per ton, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The growth pace was the most rapid in 2019 an increase of X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in years to come.

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

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

Source: IndexBox Platform

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