Asia: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Asia

The Asian encased lead pencil market declined slightly to $X in 2021, which is down by -2.5% against the previous year. Over the period under review, consumption, however, posted resilient growth. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Encased Lead Pencil Production in Asia

In value terms, encased lead pencil production declined slightly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The growth pace was the most rapid in 2017 when the production volume increased by 105% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Encased Lead Pencil Exports

Exports in Asia

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath increased by 10% to X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2014 with an increase of 21% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, encased lead pencil exports totaled $X in 2021. The total export value increased at an average annual rate of +1.2% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2014 when exports increased by 18% against the previous year. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, accounting for X units, which was near 82% of total exports in 2021. It was distantly followed by India (X units), achieving a 6.6% share of total exports. The following exporters - Vietnam (X units) and Indonesia (X units) - each amounted to a 6.4% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to encased lead pencil exports from China stood at +4.1%. At the same time, India (+6.8%) and Vietnam (+2.9%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +6.8% from 2012-2021. By contrast, Indonesia (-9.5%) illustrated a downward trend over the same period. China (+9.4 p.p.) and India (+2 p.p.) significantly strengthened its position in terms of the total exports, while Indonesia saw its share reduced by -6.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest encased lead pencil supplier in Asia, comprising 71% of total exports. The second position in the ranking was held by Vietnam ($X), with a 7.9% share of total exports. It was followed by Indonesia, with a 5.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China stood at +2.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (+6.0% per year) and Indonesia (-9.3% per year).

Export Prices by Country

The export price in Asia stood at $X per unit in 2021, with a decrease of -7.6% against the previous year. In general, the export price saw a mild descent. The most prominent rate of growth was recorded in 2015 when the export price increased by 4.2% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, 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, the country with the highest price was Vietnam ($X per unit), while India ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports in Asia

In 2021, purchases abroad of pencils and crayons with leads encased in a rigid sheath was finally on the rise to reach X units after three years of decline. Over the period under review, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 24%. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports rose rapidly to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 21%. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of encased lead pencil imports in 2021 were the United Arab Emirates (X units), Thailand (X units), Qatar (X units), Japan (X units), Malaysia (X units), Indonesia (X units), South Korea (X units), Vietnam (X units), China (X units), Uzbekistan (X units), Pakistan (X units) and the Philippines (X units), together reaching 71% of total import. Iraq (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were in Uzbekistan (with a CAGR of +25.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest encased lead pencil importing markets in Asia were Japan ($X), South Korea ($X) and Thailand ($X), with a combined 31% share of total imports. The United Arab Emirates, China, Vietnam, Pakistan, Malaysia, Indonesia, Iraq, the Philippines, Uzbekistan and Qatar lagged somewhat behind, together comprising a further 40%.

Iraq, with a CAGR of +23.3%, recorded the highest rates of growth with regard to 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

In 2021, the import price in Asia amounted to $X per unit, almost unchanged from the previous year. In general, the import price showed a mild reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by 16%. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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