China: Drawing Board Market 2024

Drawing Board Market Size in China

In 2022, the Chinese drawing board market decreased by -3% to $X, falling for the second year in a row after three years of growth. Over the period under review, the total consumption indicated a buoyant increase from 2012 to 2022: its value increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by -13.1% against 2020 indices. Drawing board consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Drawing Board Production in China

In value terms, drawing board production totaled $X in 2022 estimated in export price. Over the period under review, the total production indicated a tangible expansion from 2012 to 2022: its value increased at an average annual rate of +4.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -0.6% against 2020 indices. The most prominent rate of growth was recorded in 2018 with an increase of 11% against the previous year. Over the period under review, production attained the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports from China

In 2022, exports of slates and boards with writing or drawing surfaces from China reached X units, remaining stable against the previous year. The total export volume increased at an average annual rate of +2.3% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 38% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, drawing board exports expanded significantly to $X in 2022. In general, total exports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +76.4% against 2016 indices. The pace of growth appeared the most rapid in 2019 when exports increased by 17% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for drawing board exports from China, with a 41% share of total exports. Moreover, drawing board exports to the United States exceeded the volume sent to the second major destination, Japan (X units), ninefold. The third position in this ranking was taken by the Netherlands (X units), with a 4.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+0.4% per year) and the Netherlands (+2.4% per year).

In value terms, the United States ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from China, comprising 33% of total exports. The second position in the ranking was taken by Japan ($X), with a 5.5% share of total exports. It was followed by Australia, with a 3.6% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+4.1% per year) and Australia (+6.9% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, surging by 8% against the previous year. Over the last decade, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2016 when the average export price increased by 19% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to the Netherlands ($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 Hong Kong SAR (+16.7%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into China

For the third consecutive year, China recorded decline in purchases abroad of slates and boards with writing or drawing surfaces, which decreased by -59.1% to X units in 2022. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2019 when imports increased by 317% against the previous year. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports failed to regain momentum.

In value terms, drawing board imports contracted notably to $X in 2022. Over the period under review, imports recorded a mild descent. The most prominent rate of growth was recorded in 2019 when imports increased by 202% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belgium (X units) constituted the largest supplier of drawing board to China, with a 24% share of total imports. Moreover, drawing board imports from Belgium exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), twofold. Germany (X units) ranked third in terms of total imports with a 6.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Belgium amounted to +75.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+53.3% per year) and Germany (+2.2% per year).

In value terms, the largest drawing board suppliers to China were Belgium ($X), the United States ($X) and Germany ($X), with a combined 59% share of total imports.

In terms of the main suppliers, Belgium, with a CAGR of +71.1%, recorded 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 drawing board import price stood at $X per unit in 2022, increasing by 56% against the previous year. Over the period under review, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2013 when the average import price increased by 178% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :