Asia: Drawing Chalk Market 2024

Drawing Chalk Market Size in Asia

In 2021, the Asian drawing chalk market decreased by -14.3% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption saw a slight descent. The growth pace was the most rapid in 2020 when the market value increased by 4.8%. As a result, consumption reached the peak level of $X, and then declined in the following year.

Drawing Chalk Production in Asia

In value terms, drawing chalk production dropped slightly to $X in 2021 estimated in export price. Over the period under review, production recorded a mild expansion. The pace of growth appeared the most rapid in 2017 when the production volume increased by 15% against the previous year. Over the period under review, production reached the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Drawing Chalk Exports

Exports in Asia

In 2021, after three years of decline, there was significant growth in overseas shipments of pastels, drawing charcoals, writing or drawing chalks, when their volume increased by 28% to X units. Total exports indicated a temperate increase from 2012 to 2021: its volume increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 88%. The volume of export peaked in 2021 and is likely to continue growth in the near future.

In value terms, drawing chalk exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, accounting for X units, which was approx. 79% of total exports in 2021. It was distantly followed by Indonesia (X units), comprising an 8.9% share of total exports. The following exporters - South Korea (X units), Vietnam (X units) and Thailand (X units) - together made up 8.8% of total exports.

Exports from China increased at an average annual rate of +3.4% from 2012 to 2021. At the same time, Vietnam (+37.1%) and Indonesia (+15.3%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in Asia, with a CAGR of +37.1% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Thailand (-5.1%) illustrated a downward trend over the same period. While the share of Indonesia (+5.6 p.p.), Vietnam (+2.2 p.p.) and China (+2.1 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Thailand (-2.4 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest drawing chalk supplier in Asia, comprising 73% of total exports. The second position in the ranking was held by South Korea ($X), with a 6.7% share of total exports. It was followed by Indonesia, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value in China amounted to +6.4%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (+4.8% per year) and Indonesia (+12.9% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, reducing by -3.9% against the previous year. Over the period under review, the export price, however, recorded notable growth. The pace of growth appeared the most rapid in 2016 an increase of 92% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Vietnam ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

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

Drawing Chalk Imports

Imports in Asia

In 2021, supplies from abroad of pastels, drawing charcoals, writing or drawing chalks was finally on the rise to reach X units after three years of decline. Over the period under review, imports, however, recorded a noticeable descent. The pace of growth appeared the most rapid in 2017 with an increase of 19%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, drawing chalk imports rose significantly to $X in 2021. Overall, imports, however, saw a noticeable curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 19%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of drawing chalk imports in 2021 were Indonesia (X units), China (X units), India (X units), South Korea (X units), Japan (X units), the United Arab Emirates (X units), Vietnam (X units), Turkey (X units), Hong Kong SAR (X units), Thailand (X units), the Philippines (X units) and Iraq (X units), together resulting at 77% of total import. Malaysia (X units) held a little share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Indonesia ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 39% share of total imports. South Korea, India, Vietnam, the United Arab Emirates, Turkey, Hong Kong SAR, Thailand, Iraq, Malaysia and the Philippines lagged somewhat behind, together comprising a further 41%.

In terms of the main importing countries, Vietnam, with a CAGR of +22.1%, recorded the highest growth rate of the value of imports, 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, increasing by 6.6% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of 8.7% against the previous year. As a result, import price reached the peak level of $X per unit; afterwards, it flattened through to 2021.

There were significant differences in the average prices amongst the major importing countries. In 2021, 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 the Philippines (+8.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform