China: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in China

In 2022, the Chinese pen or pencil sets market increased by 19% to $X for the first time since 2012, thus ending a nine-year declining trend. Over the period under review, consumption, however, saw a drastic downturn. 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 China

In value terms, pen or pencil sets production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw a slight decline. The pace of growth appeared the most rapid in 2020 with an increase of 25%. Pen or pencil sets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports from China

In 2022, shipments abroad of pen or pencil sets decreased by -0.6% to X units for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, saw buoyant growth. The pace of growth was the most pronounced in 2020 when exports increased by 685% against the previous year. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, pen or pencil sets exports totaled $X in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 33% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), the United Arab Emirates (X units) and the UK (X units) were the main destinations of pen or pencil sets exports from China, with a combined 7.6% share of total exports. Germany, Canada, Singapore, Malaysia, Belarus, Italy, the Netherlands, South Korea, Australia and Vietnam lagged somewhat behind, together comprising a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Belarus (with a CAGR of +151.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for pen or pencil sets exports from China, comprising 20% of total exports. The second position in the ranking was held by the UK ($X), with a 7.7% share of total exports. It was followed by Germany, with a 6% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States totaled +2.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+0.2% per year) and Germany (+7.8% per year).

Export Prices by Country

The average pen or pencil sets export price stood at $X per unit in 2022, increasing by 15% against the previous year. In general, the export price, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 19%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Vietnam ($X per unit), while the average price for exports to the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+3.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into China

In 2022, supplies from abroad of pen or pencil sets increased by 12% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports recorded a temperate expansion. The pace of growth appeared the most rapid in 2018 with an increase of 63% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, pen or pencil sets imports contracted to $X in 2022. Overall, imports continue to indicate a tangible expansion. The pace of growth was the most pronounced in 2018 when imports increased by 84% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Japan (X units), Vietnam (X units) and the United States (X units) were the main suppliers of pen or pencil sets imports to China, with a combined 84% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +77.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Vietnam ($X) and Japan ($X) were the largest pen or pencil sets suppliers to China, with a combined 77% share of total imports. India and the United States lagged somewhat behind, together accounting for a further 12%.

India, with a CAGR of +74.7%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average pen or pencil sets import price stood at $X per unit in 2022, with a decrease of -15.7% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 18% against the previous year. As a result, import price reached the peak level of $X per unit, and then declined markedly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+27.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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