ASEAN: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in ASEAN

The ASEAN pen or pencil sets market shrank to $X in 2022, declining by -6.4% against the previous year. Over the period under review, consumption continues to indicate a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in ASEAN

In value terms, pen or pencil sets production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a deep slump. The pace of growth was the most pronounced in 2021 with an increase of 34%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports in ASEAN

In 2022, overseas shipments of pen or pencil sets increased by 62% to X units, rising for the fourth year in a row after two years of decline. Over the period under review, exports recorded a buoyant increase. The most prominent rate of growth was recorded in 2016 with an increase of 75%. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, pen or pencil sets exports stood at $X in 2022. In general, exports, however, showed a perceptible decrease. The most prominent rate of growth was recorded in 2016 with an increase of 83% against the previous year. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Thailand (X units) were the major exporters of pen or pencil sets in 2022, reaching near 39% and 37% of total exports, respectively. Singapore (X units) held the next position in the ranking, distantly followed by Malaysia (X units). All these countries together took approx. 20% share of total exports. Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pen or pencil sets supplying countries in ASEAN were Vietnam ($X), Singapore ($X) and Malaysia ($X), with a combined 80% share of total exports.

Among the main exporting countries, Vietnam, with a CAGR of +20.9%, 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

The export price in ASEAN stood at $X per unit in 2022, dropping by -34.8% against the previous year. Over the period under review, the export price continues to indicate a deep contraction. The growth pace was the most rapid in 2021 an increase of 9.9%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Pen Or Pencil Sets

Imports in ASEAN

In 2022, imports of pen or pencil sets in ASEAN expanded significantly to X units, surging by 5.2% against the year before. Over the period under review, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2018 with an increase of 62%. The volume of import peaked in 2022 and is likely to see steady growth in the near future.

In value terms, pen or pencil sets imports rose slightly to $X in 2022. Overall, imports recorded notable growth. The pace of growth was the most pronounced in 2016 when imports increased by 96% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in years to come.

Imports by Country

Thailand (X units) and Malaysia (X units) represented roughly 81% of total imports in 2022. It was distantly followed by Indonesia (X units), achieving a 15% share of total imports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Malaysia (with a CAGR of +46.2%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X) constitutes the largest market for imported pen or pencil sets in ASEAN, comprising 55% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 15% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to +34.9%. In the other countries, the average annual rates were as follows: Indonesia (+0.2% per year) and Singapore (-6.5% per year).

Import Prices by Country

The import price in ASEAN stood at $X per unit in 2022, shrinking by -1.7% against the previous year. Overall, the import price saw a noticeable slump. The pace of growth appeared the most rapid in 2013 an increase of 58% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2022, the import prices remained at a lower figure.

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 Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform