Asia: Sliding Pencil Market 2024

Sliding Pencil Market Size in Asia

The Asian sliding pencil market reduced modestly to $X in 2021, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, continues to indicate a pronounced decrease. The level of consumption peaked at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Sliding Pencil Production in Asia

In value terms, sliding pencil production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2020 with an increase of 8.6% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Sliding Pencil Exports

Exports in Asia

For the sixth year in a row, Asia recorded decline in overseas shipments of propelling or sliding pencils, which decreased by -14.2% to X units in 2021. Overall, exports recorded a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 2% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sliding pencil exports expanded modestly to $X in 2021. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2015 when exports increased by 4.2%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the major exporter of propelling or sliding pencils in Asia, with the volume of exports recording X units, which was approx. 74% of total exports in 2021. India (X units) held a 12% share (based on physical terms) of total exports, which put it in second place, followed by Japan (11%). Taiwan (Chinese) (X units) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sliding pencil exports from China stood at -9.5%. At the same time, India (+12.1%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing exporter exported in Asia, with a CAGR of +12.1% from 2012-2021. By contrast, Japan (-4.8%) and Taiwan (Chinese) (-4.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India and Japan increased by +9.6 and +2.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sliding pencil supplying countries in Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), together accounting for 92% of total exports.

Taiwan (Chinese), with a CAGR of -1.3%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, jumping by 18% against the previous year. Over the last nine-year period, it increased at an average annual rate of +1.8%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.8%), while the other leaders experienced more modest paces of growth.

Sliding Pencil Imports

Imports in Asia

In 2021, overseas purchases of propelling or sliding pencils decreased by -19.1% to X units, falling for the third year in a row after two years of growth. In general, imports recorded a deep contraction. The growth pace was the most rapid in 2018 when imports increased by 7.4% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sliding pencil imports amounted to $X in 2021. Over the period under review, imports recorded a pronounced decrease. The pace of growth was the most pronounced in 2017 when imports increased by 6.8% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

The countries with the highest levels of sliding pencil imports in 2021 were Turkey (X units), Japan (X units), China (X units), South Korea (X units), Taiwan (Chinese) (X units), the United Arab Emirates (X units), Malaysia (X units) and Thailand (X units), together reaching 82% of total import. India (X units) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by China (with a CAGR of +19.2%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, the largest sliding pencil importing markets in Asia were China ($X), South Korea ($X) and Japan ($X), together comprising 56% of total imports.

China, with a CAGR of +26.1%, 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 a decline in the imports figures.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, jumping by 30% against the previous year. Import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil import price increased by +43.5% against 2019 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+7.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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