Asia: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Asia

In 2021, the Asian coloured pencil lead market increased by 13% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption showed a noticeable slump. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Coloured Pencil Lead Production in Asia

In value terms, coloured pencil lead production reached $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 43% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Coloured Pencil Lead Exports

Exports in Asia

For the fourth year in a row, Asia recorded decline in shipments abroad of black or coloured pencil leads, which decreased by -11.2% to X units in 2021. In general, exports showed a slight setback. The most prominent rate of growth was recorded in 2017 with an increase of 201% against the previous year. The volume of export peaked at X units in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, coloured pencil lead exports stood at $X in 2021. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2014 when exports increased by 24%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 76% of total exports in 2021. It was distantly followed by the Philippines (X units), comprising a 5.5% share of total exports. Japan (X units), Indonesia (X units), Vietnam (X units), Pakistan (X units) and South Korea (X units) held a little share of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of black or coloured pencil leads. At the same time, the Philippines (+17.2%), Pakistan (+8.5%) and Japan (+1.7%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter exported in Asia, with a CAGR of +17.2% from 2012-2021. By contrast, Vietnam (-1.6%), Indonesia (-2.7%) and South Korea (-12.5%) illustrated a downward trend over the same period. The Philippines (+4.3 p.p.) and China (+2.6 p.p.) significantly strengthened its position in terms of the total exports, while South Korea saw its share reduced by -3.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X), Japan ($X) and Vietnam ($X) appeared to be the countries with the highest levels of exports in 2021, together comprising 82% of total exports. The Philippines, Indonesia, South Korea and Pakistan lagged somewhat behind, together accounting for a further 13%.

The Philippines, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, growing by 14% against the previous year. Overall, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the export price increased by 201% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+6.6%), while the other leaders experienced more modest paces of growth.

Coloured Pencil Lead Imports

Imports in Asia

In 2021, purchases abroad of black or coloured pencil leads decreased by -18.1% to X units, falling for the third consecutive year after three years of growth. In general, imports continue to indicate a perceptible descent. The most prominent rate of growth was recorded in 2018 when imports increased by 12% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, coloured pencil lead imports amounted to $X in 2021. Over the period under review, imports continue to indicate a pronounced downturn. The pace of growth appeared the most rapid in 2016 when imports increased by 14% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) was the largest importer of black or coloured pencil leads, making up 34% of total imports. Turkey (X units) held a 13% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (11%), Japan (11%), India (5.4%) and Iran (5%). Malaysia (X units), China (X units), Myanmar (X units) and Taiwan (Chinese) (X units) held a little share of total imports.

Vietnam was also the fastest-growing in terms of the black or coloured pencil leads imports, with a CAGR of +4.7% from 2012 to 2021. At the same time, Japan (+2.2%) displayed positive paces of growth. China and Malaysia experienced a relatively flat trend pattern. By contrast, Iran (-1.2%), India (-3.1%), Myanmar (-3.8%), Taiwan (Chinese) (-4.4%), Turkey (-5.7%) and Indonesia (-10.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Vietnam and Japan increased by +19 and +5.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest coloured pencil lead importing markets in Asia were Vietnam ($X), Japan ($X) and China ($X), together comprising 50% of total imports.

China, with a CAGR of +7.6%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, with an increase of 24% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was China ($X per unit), while Myanmar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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