Eastern Asia: Drawing Chalk Market 2024

Drawing Chalk Market Size in Eastern Asia

In 2021, after three years of growth, there was significant decline in the East Asian drawing chalk market, when its value decreased by -17.8% to $X. In general, consumption recorded a slight descent. The most prominent rate of growth was recorded in 2020 when the market value increased by 5.9%. As a result, consumption attained the peak level of $X, and then declined notably in the following year.

Drawing Chalk Production in Eastern Asia

In value terms, drawing chalk production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 with an increase of 26% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Drawing Chalk Exports

Exports in Eastern Asia

In 2021, shipments abroad of pastels, drawing charcoals, writing or drawing chalks was finally on the rise to reach X units after three years of decline. Total exports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by 115%. The volume of export peaked in 2021 and is expected to retain growth in the near future.

In value terms, drawing chalk exports surged to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when exports increased by 24% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, reaching X units, which was approx. 93% of total exports in 2021. It was distantly followed by South Korea (X units), comprising a 5.1% share of total exports.

China was also the fastest-growing in terms of the pastels, drawing charcoals, writing or drawing chalks exports, with a CAGR of +3.4% from 2012 to 2021. South Korea experienced a relatively flat trend pattern. China (+5.5 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest drawing chalk supplier in Eastern Asia, comprising 88% of total exports. The second position in the ranking was taken by South Korea ($X), with an 8% share of total exports.

In China, drawing chalk exports expanded at an average annual rate of +6.4% over the period from 2012-2021.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, falling by -2.4% against the previous year. In general, the export price, however, saw a moderate increase. The pace of growth appeared the most rapid in 2016 an increase of 115% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was South Korea ($X per unit), while China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.8%).

Drawing Chalk Imports

Imports in Eastern Asia

In 2021, overseas purchases of pastels, drawing charcoals, writing or drawing chalks were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a slight shrinkage. The volume of import peaked at X units in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

In value terms, drawing chalk imports surged to $X in 2021. The total import value increased at an average annual rate of +1.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units), South Korea (X units) and Japan (X units) was the major importer of pastels, drawing charcoals, writing or drawing chalks in Eastern Asia, comprising 83% of total import. Hong Kong SAR (X units) took a 10% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (6.4%).

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +16.3%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, China ($X), Japan ($X) and South Korea ($X) constituted the countries with the highest levels of imports in 2021, with a combined 85% share of total imports.

China, with a CAGR of +21.5%, 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 more modest paces of growth.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, growing by 17% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.2%. 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, the country with the highest price was China ($X per unit), while South Korea ($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) (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform