China: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in China

In 2021, after nine years of growth, there was decline in the Chinese encased lead pencil market, when its value decreased by -1.9% to $X. Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.7% against 2012 indices. Encased lead pencil consumption peaked at $X in 2020, and then dropped modestly in the following year.

Encased Lead Pencil Production in China

In value terms, encased lead pencil production reduced modestly to $X in 2021 estimated in export price. Over the period under review, the total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.1% against 2012 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 31% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then dropped modestly in the following year.

Encased Lead Pencil Exports

Exports from China

In 2021, after two years of decline, there was significant growth in shipments abroad of pencils and crayons with leads encased in a rigid sheath, when their volume increased by 12% to X units. The total export volume increased at an average annual rate of +4.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when exports increased by 24%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports expanded to $X in 2021. The total export value increased at an average annual rate of +2.5% 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 20% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Vietnam (X units) and Russia (X units) were the main destinations of encased lead pencil exports from China, together accounting for 20% of total exports.

From 2012 to 2021, the biggest increases were in Vietnam (with a CAGR of +31.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for encased lead pencil exports from China, comprising 12% of total exports. The second position in the ranking was held by Russia ($X), with a 5.4% share of total exports. It was followed by the UK, with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at -1.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+15.6% per year) and the UK (+4.3% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, shrinking by -7% against the previous year. In general, the export price saw a mild contraction. The pace of growth was the most pronounced in 2015 when the average export price increased by 6.5%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into China

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath imported into China soared to X units, picking up by 86% compared with the previous year's figure. In general, imports showed a buoyant increase. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports expanded significantly to $X in 2021. Overall, imports showed a resilient expansion. The pace of growth was the most pronounced in 2015 when imports increased by 82% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), Thailand (X units) and Japan (X units) were the main suppliers of encased lead pencil imports to China, together comprising 54% of total imports. Indonesia, the Czech Republic, Brazil, the Philippines, Germany, South Korea, Taiwan (Chinese), Italy and the United States lagged somewhat behind, together accounting for a further 39%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +119.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest encased lead pencil suppliers to China were Vietnam ($X), Japan ($X) and Indonesia ($X), with a combined 53% share of total imports. These countries were followed by Thailand, Germany, Brazil, the Czech Republic, Taiwan (Chinese), the Philippines, Italy, South Korea and the United States, which together accounted for a further 37%.

In terms of the main suppliers, Thailand, with a CAGR of +119.4%, saw the highest rates of growth with regard to 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 average encased lead pencil import price stood at $X per unit in 2021, shrinking by -39.5% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The growth pace was the most rapid in 2020 an increase of 51%. As a result, import price reached the peak level of $X per unit, and then dropped sharply in the following year.

Prices varied noticeably country of origin: the country with the highest price was the United States ($X per unit), while the price for the Philippines ($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 United States (+14.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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