Asia-Pacific: Drawing Board Market 2024

Drawing Board Market Size in Asia-Pacific

In 2022, the Asia-Pacific drawing board market decreased by -1.7% to $X, falling for the second consecutive year after nine years of growth. The market value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Drawing Board Production in Asia-Pacific

In value terms, drawing board production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 9.3% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Drawing Board Exports

Exports in Asia-Pacific

In 2022, the amount of slates and boards with writing or drawing surfaces exported in Asia-Pacific amounted to X units, therefore, remained relatively stable against the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 with an increase of 41% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, drawing board exports rose sharply to $X in 2022. Total exports indicated a strong expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.8% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 18%. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The biggest shipments were from China (X units), together resulting at 96% of total export.

China was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces exports, with a CAGR of +2.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest drawing board supplier in Asia-Pacific.

In China, drawing board exports increased at an average annual rate of +5.9% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, growing by 8.1% against the previous year. Over the last decade, it increased at an average annual rate of +3.3%. The pace of growth was the most pronounced in 2016 an increase of 18% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.5% per year.

Drawing Board Imports

Imports in Asia-Pacific

In 2022, the amount of slates and boards with writing or drawing surfaces imported in Asia-Pacific shrank modestly to X units, declining by -2% against the previous year. The total import volume increased at an average annual rate of +1.5% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 15% against the previous year. As a result, imports reached the peak of X units, and then dropped modestly in the following year.

In value terms, drawing board imports fell slightly to $X in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 15% against the previous year. As a result, imports reached the peak of $X, and then contracted modestly in the following year.

Imports by Country

Japan (X units) and Australia (X units) represented roughly 42% of total imports in 2022. The Philippines (X units) ranks next in terms of the total imports with an 11% share, followed by India (11%), Malaysia (6.9%) and Thailand (4.9%). The following importers - South Korea (X units), Bangladesh (X units), Indonesia (X units), Taiwan (Chinese) (X units), New Zealand (X units) and Singapore (X units) - together made up 16% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by India (with a CAGR of +28.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), Australia ($X) and India ($X) appeared to be the countries with the highest levels of imports in 2022, with a combined 63% share of total imports. South Korea, Malaysia, the Philippines, New Zealand, Singapore, Indonesia, Thailand, Taiwan (Chinese) and Bangladesh lagged somewhat behind, together comprising a further 28%.

Taiwan (Chinese), with a CAGR of +18.0%, recorded the highest rates of growth with regard to 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

The import price in Asia-Pacific stood at $X per unit in 2022, remaining relatively unchanged against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of 6.2% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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