Eastern Asia: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Eastern Asia

The East Asian encased lead pencil market fell modestly to $X in 2021, declining by -4.8% against the previous year. Overall, consumption, however, showed a noticeable increase. Over the period under review, the market attained the maximum level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Encased Lead Pencil Production in Eastern Asia

In value terms, encased lead pencil production reduced to $X in 2021 estimated in export price. In general, production, however, showed a notable expansion. The most prominent rate of growth was recorded in 2017 with an increase of 104% against the previous year. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Encased Lead Pencil Exports

Exports in Eastern Asia

In 2021, overseas shipments of pencils and crayons with leads encased in a rigid sheath were finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. The total export volume increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 24%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports rose modestly to $X in 2021. The total export value increased at an average annual rate of +2.1% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when exports increased by 19%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) represented roughly 97% of total exports in 2021.

China was also the fastest-growing in terms of the pencils and crayons with leads encased in a rigid sheath exports, with a CAGR of +4.1% from 2012 to 2021. China (+3.3 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) also remains the largest encased lead pencil supplier in Eastern Asia.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +2.5%.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, reducing by -6.1% against the previous year. Over the period under review, the export price continues to indicate a mild reduction. The pace of growth appeared the most rapid in 2015 when the export price increased by 5.9%. Over the period under review, the export prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for China amounted to -1.5% per year.

Encased Lead Pencil Imports

Imports in Eastern Asia

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath imported in Eastern Asia soared to X units, growing by 17% on the previous year's figure. Overall, imports, however, recorded a relatively flat trend pattern. The volume of import peaked at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports surged to $X in 2021. The total import value increased at an average annual rate of +2.4% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2015 when imports increased by 25% against the previous year. The level of import peaked at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) and South Korea (X units) represented the largest importers of pencils and crayons with leads encased in a rigid sheath in Eastern Asia, together generating 59% of total imports. China (X units) took an 18% share (based on physical terms) of total imports, which put it in second place, followed by Hong Kong SAR (12%) and Taiwan (Chinese) (10%).

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by China (with a CAGR of +13.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest encased lead pencil importing markets in Eastern Asia were Japan ($X), South Korea ($X) and China ($X), with a combined 79% share of total imports.

China, with a CAGR of +19.0%, saw 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, flattening at the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 10% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2020, and then declined modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per unit) and China ($X per unit), while Taiwan (Chinese) ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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