In 2023, India led the slate export market with a total value of 22.33 million USD, marking a substantial increase in its global market share. This was followed by China and Spain, with exports valued at 16.0 million USD and 12.44 million USD, respectively. France and Portugal also demonstrated strong positions with values of 10.8 million USD and 3.97 million USD.
Over the past two years, India and China exhibited double-digit year-on-year growth, with India showing more robust expansion. The five-year CAGR analysis highlights India's aggressive thrust into new markets, while China's growth has been steady but below India's pace. Meanwhile, traditional exporters like Spain and France maintained stable exports with slight increases. Portugal and Norway experienced moderate variations, revealing an upward export trajectory.
Future Trends to Watch:
- India's rapid market penetration may continue if infrastructure and production capacities are expanded.
- China may leverage its production capabilities to maintain competitiveness despite potential international trade tensions or regulations.
- Spain and France could explore niche markets or enhance product differentiation to counterbalance emerging competition.
- Watch for potential new entrants in smaller markets aiming to increase their global market share through strategic alliances.
Top countries in Top Exporters of Slate
| # | 10 Countries | Million US Dollars | Last Year | |
|---|---|---|---|---|
| 1 | 1 India | 22.33 | 2016 | |
| 2 | 2 China | 16 | 2016 | |
| 3 | 3 Spain | 12.44 | 2016 | |
| 4 | 4 France | 10.8 | 2016 | |
| 5 | 5 Portugal | 3.97 | 2016 | |
| 6 | 6 Norway | 2.72 | 2016 | |
| 7 | 7 United Kingdom | 1.74 | 2016 | |
| 8 | 8 Sweden | 1.61 | 2016 | |
| 9 | 9 Kazakhstan | 1.54 | 2016 | |
| 10 | 10 Greece | 1.3 | 2016 |
