Asia-Pacific: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Asia-Pacific

In 2021, the Asia-Pacific coloured pencil lead market increased by 28% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. 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-Pacific

In value terms, coloured pencil lead production amounted to $X in 2021 estimated in export price. Overall, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the production volume increased by 43% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a somewhat lower figure.

Coloured Pencil Lead Exports

Exports in Asia-Pacific

For the fourth consecutive year, Asia-Pacific recorded decline in shipments abroad of black or coloured pencil leads, which decreased by -11.6% to X units in 2021. Overall, exports saw a mild decline. The pace of growth appeared the most rapid in 2017 with an increase of 200% 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 amounted to $X in 2021. Over the period under review, exports continue to indicate a pronounced decline. The growth pace was the most rapid in 2014 when exports increased by 24%. The level of export peaked at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, resulting at X units, which was near 77% of total exports in 2021. It was distantly followed by the Philippines (X units), mixing up a 5.5% share of total exports. Japan (X units), Indonesia (X units), Vietnam (X units), Pakistan (X units) and South Korea (X units) followed a long way behind the leaders.

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-Pacific, 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 (+2.7 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, the largest coloured pencil lead supplying countries in Asia-Pacific were China ($X), Japan ($X) and Vietnam ($X), together comprising 83% of total exports. The Philippines, Indonesia, South Korea and Pakistan lagged somewhat behind, together accounting for a further 13%.

In terms of the main exporting countries, the Philippines, with a CAGR of +20.0%, saw the highest growth rate of the value of exports, 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-Pacific amounted to $X per unit, growing by 13% against the previous year. Overall, the export price, however, showed a mild contraction. The most prominent rate of growth was recorded in 2016 an increase of 203% 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-Pacific

For the third consecutive year, Asia-Pacific recorded decline in purchases abroad of black or coloured pencil leads, which decreased by -5.6% to X units in 2021. Overall, imports saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 20%. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, coloured pencil lead imports reached $X in 2021. Over the period under review, imports saw a pronounced decrease. The pace of growth appeared the most rapid in 2016 with an increase of 21%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Vietnam represented the key importer of black or coloured pencil leads in Asia-Pacific, with the volume of imports accounting for X units, which was approx. 43% of total imports in 2021. Indonesia (X units) ranks second in terms of the total imports with a 14% share, followed by Japan (14%) and India (6.8%). Malaysia (X units), China (X units), Myanmar (X units), Taiwan (Chinese) (X units), South Korea (X units), the Philippines (X units) and Hong Kong SAR (X units) followed a long way behind the leaders.

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, the Philippines (+3.8%) and Japan (+2.2%) displayed positive paces of growth. South Korea, China and Malaysia experienced a relatively flat trend pattern. By contrast, India (-3.1%), Myanmar (-3.8%), Taiwan (Chinese) (-4.4%), Indonesia (-10.0%) and Hong Kong SAR (-12.0%) illustrated a downward trend over the same period. While the share of Vietnam (+23 p.p.) and Japan (+5.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Hong Kong SAR (-2.2 p.p.) and Indonesia (-12 p.p.) displayed negative dynamics. 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-Pacific were Vietnam ($X), Japan ($X) and China ($X), with a combined 57% share of total imports.

China, with a CAGR of +7.6%, saw the highest growth rate of the value of imports, among 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

In 2021, the import price in Asia-Pacific amounted to $X per unit, surging by 19% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.2%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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