Eastern Asia: Drawing Board Market 2024

Drawing Board Market Size in Eastern Asia

In 2022, the East Asian drawing board market decreased by -3.6% to $X, falling for the second year in a row after three years of growth. The total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of +5.0% 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 -9.2% against 2020 indices. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Drawing Board Production in Eastern Asia

In value terms, drawing board production stood at $X in 2022 estimated in export price. The total production indicated tangible growth from 2012 to 2022: its value increased at an average annual rate of +4.4% 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 -0.5% against 2020 indices. The most prominent rate of growth was recorded in 2019 when the production volume increased by 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Drawing Board Exports

Exports in Eastern Asia

Drawing board exports reached X units in 2022, approximately reflecting the previous year's figure. The total export volume increased at an average annual rate of +2.4% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2017 when exports increased by 36%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, drawing board exports reached $X in 2022. Total exports indicated a buoyant expansion 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 +73.3% against 2016 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 18% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the immediate term.

Exports by Country

The biggest shipments were from China (X units), together resulting at 98% of total export.

China was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces exports, with a CAGR of +2.3% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest drawing board supplier in Eastern Asia.

In China, drawing board exports expanded at an average annual rate of +5.9% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, increasing by 7.9% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The pace of growth appeared the most rapid in 2016 an increase of 19%. Over the period under review, the export prices reached the maximum in 2022 and is likely to continue growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for China amounted to +3.5% per year.

Drawing Board Imports

Imports in Eastern Asia

In 2022, supplies from abroad of slates and boards with writing or drawing surfaces decreased by -15.1% to X units, falling for the third consecutive year after six years of growth. Over the period under review, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 10%. As a result, imports attained the peak of X units. From 2020 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, drawing board imports reduced to $X in 2022. The total import value increased at an average annual rate of +1.3% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2019 with an increase of 11%. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Japan was the main importing country with an import of about X units, which reached 76% of total imports. It was distantly followed by South Korea (X units) and Taiwan (Chinese) (X units), together comprising a 19% share of total imports. Hong Kong SAR (X units) and China (X units) held a relatively small share of total imports.

Japan experienced a relatively flat trend pattern with regard to volume of imports of slates and boards with writing or drawing surfaces. At the same time, Taiwan (Chinese) (+19.2%) and South Korea (+6.6%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +19.2% from 2012-2022. By contrast, Hong Kong SAR (-10.3%) and China (-12.5%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Taiwan (Chinese) and South Korea increased by +6.3 and +5.5 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported slates and boards with writing or drawing surfaces in Eastern Asia, comprising 76% of total imports. The second position in the ranking was taken by South Korea ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 5.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: South Korea (+9.3% per year) and Taiwan (Chinese) (+18.0% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, increasing by 5.8% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2021 an increase of 7.5%. Over the period under review, import prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+12.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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