Australia and Oceania: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Australia and Oceania

In 2022, the pen or pencil sets market in Australia and Oceania increased by 3.6% to $X, rising for the third consecutive year after seven years of decline. Over the period under review, consumption, however, recorded a perceptible descent. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Pen Or Pencil Sets in Australia and Oceania

In value terms, pen or pencil sets production expanded significantly to $X in 2022 estimated in export price. Overall, production, however, saw a abrupt downturn. The growth pace was the most rapid in 2020 with an increase of 26%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pen Or Pencil Sets

Exports in Australia and Oceania

In 2022, overseas shipments of pen or pencil sets increased by 16% to X units, rising for the second consecutive year after two years of decline. Overall, exports, however, recorded a precipitous setback. The pace of growth was the most pronounced in 2018 with an increase of 2,216%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, pen or pencil sets exports surged to $X in 2022. In general, exports, however, showed a precipitous decline. The growth pace was the most rapid in 2018 when exports increased by 3,063%. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, New Zealand (X units), followed by Australia (X units) represented the largest exporters of pen or pencil sets, together achieving 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for New Zealand (with a CAGR of +18.8%).

In value terms, the largest pen or pencil sets supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

Among the main exporting countries, New Zealand, with a CAGR of +20.2%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per unit in 2022, increasing by 6.8% against the previous year. Overall, the export price recorded a temperate increase. The most prominent rate of growth was recorded in 2019 when the export price increased by 357% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was New Zealand ($X per unit), while Australia amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+2.7%).

Imports of Pen Or Pencil Sets

Imports in Australia and Oceania

Pen or pencil sets imports declined slightly to X units in 2022, remaining relatively unchanged against the previous year's figure. Overall, imports, however, recorded strong growth. The growth pace was the most rapid in 2021 with an increase of 258% against the previous year. As a result, imports reached the peak of X units, and then shrank modestly in the following year.

In value terms, pen or pencil sets imports contracted to $X in 2022. In general, imports, however, posted a strong increase. The pace of growth was the most pronounced in 2014 when imports increased by 217% against the previous year. The level of import peaked at $X in 2021, and then contracted in the following year.

Imports by Country

Australia dominates imports structure, reaching X units, which was approx. 81% of total imports in 2022. It was distantly followed by New Zealand (X units), constituting a 9.8% share of total imports. The following importers - Papua New Guinea (X units), Vanuatu (X units) and New Caledonia (X units) - each accounted for a 5.5% share of total imports.

Imports into Australia increased at an average annual rate of +12.6% from 2012 to 2022. At the same time, Vanuatu (+73.5%), New Zealand (+14.6%) and Papua New Guinea (+13.7%) displayed positive paces of growth. Moreover, Vanuatu emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +73.5% from 2012-2022. By contrast, New Caledonia (-12.9%) illustrated a downward trend over the same period. While the share of Australia (+10 p.p.), New Zealand (+2.6 p.p.) and Vanuatu (+1.6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of New Caledonia (-16.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported pen or pencil sets in Australia and Oceania, comprising 71% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 9% share of total imports. It was followed by Vanuatu, with a 3.9% share.

In Australia, pen or pencil sets imports expanded at an average annual rate of +9.4% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (+3.1% per year) and Vanuatu (+74.8% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per unit, with a decrease of -6.8% against the previous year. Overall, the import price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 16% 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 remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vanuatu (+0.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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