Eastern Asia: Sliding Pencil Market 2024

Sliding Pencil Market Size in Eastern Asia

In 2021, the East Asian sliding pencil market increased by 16% to $X, rising for the third year in a row after six years of decline. Over the period under review, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Sliding Pencil Production in Eastern Asia

In value terms, sliding pencil production expanded modestly to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a noticeable setback. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Sliding Pencil Exports

Exports in Eastern Asia

For the third consecutive year, Eastern Asia recorded decline in overseas shipments of propelling or sliding pencils, which decreased by -17.4% to X units in 2021. Overall, exports showed a abrupt decline. The most prominent rate of growth was recorded in 2018 with an increase of 3.7% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sliding pencil exports stood at $X in 2021. Over the period under review, exports saw a deep setback. The most prominent rate of growth was recorded in 2015 when exports increased by 5.3%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China represented the major exporting country with an export of about X units, which resulted at 84% of total exports. It was distantly followed by Japan (X units), constituting a 13% share of total exports. Taiwan (Chinese) (X units) followed a long way behind the leaders.

Exports from China decreased at an average annual rate of -9.5% from 2012 to 2021. Japan (-4.8%) and Taiwan (Chinese) (-4.9%) illustrated a downward trend over the same period. Japan (+4.1 p.p.) significantly strengthened its position in terms of the total exports, while China saw its share reduced by -4.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest sliding pencil supplying countries in Eastern Asia were Japan ($X), China ($X) and Taiwan (Chinese) ($X), with a combined 97% share of total exports.

In terms of the main exporting countries, Taiwan (Chinese), with a CAGR of -1.3%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, jumping by 22% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($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) (+3.8%), while the other leaders experienced more modest paces of growth.

Sliding Pencil Imports

Imports in Eastern Asia

In 2021, purchases abroad of propelling or sliding pencils was 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 deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 28%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sliding pencil imports surged to $X in 2021. In general, imports showed a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of sliding pencil imports in 2021 were Japan (X units), China (X units), South Korea (X units) and Taiwan (Chinese) (X units), together resulting at 90% of total import. It was distantly followed by Democratic People's Republic of Korea (X units), achieving a 5.8% share of total imports. Hong Kong SAR (X units) took a relatively small share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +37.9%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, together accounting for 77% of total imports. Taiwan (Chinese), Hong Kong SAR and Democratic People's Republic of Korea lagged somewhat behind, together comprising a further 23%.

Democratic People's Republic of Korea, with a CAGR of +32.5%, recorded the highest growth rate of 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, with an increase of 9.1% against the previous year. Import price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil import price increased by +9.9% against 2017 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 30% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while Democratic People's Republic of Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+19.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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