Hong Kong SAR, China: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Hong Kong SAR, China

The Hong Kong encased lead pencil market reached $X in 2021, stabilizing at the previous year. In general, consumption posted a prominent expansion. Encased lead pencil consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Production in Hong Kong SAR, China

In value terms, encased lead pencil production amounted to $X in 2021 estimated in export price. Overall, production continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 with an increase of 92% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Encased Lead Pencil Exports

Exports from Hong Kong SAR, China

In 2021, after four years of decline, there was significant growth in shipments abroad of pencils and crayons with leads encased in a rigid sheath, when their volume increased by 14% to X units. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 with an increase of 48% against the previous year. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports skyrocketed to $X in 2021. Overall, exports, however, continue to indicate a abrupt descent. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

China (X units) was the main destination for encased lead pencil exports from Hong Kong SAR, with a 55% share of total exports. Moreover, encased lead pencil exports to China exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to China was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+19.5% per year) and the UK (-24.0% per year).

In value terms, China ($X) remains the key foreign market for encased lead pencil exports from Hong Kong SAR, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with an 11% share of total exports. It was followed by South Korea, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to China totaled +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+7.3% per year) and South Korea (+49.9% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, picking up by 24% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was South Korea ($X per unit), while the average price for exports to the UK ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Hong Kong SAR, China

In 2021, after two years of decline, there was significant growth in supplies from abroad of pencils and crayons with leads encased in a rigid sheath, when their volume increased by 13% to X units. Over the period under review, imports, however, recorded a pronounced decline. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports surged to $X in 2021. Overall, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Vietnam (X units) and the Philippines (X units) were the main suppliers of encased lead pencil imports to Hong Kong SAR, together comprising 68% of total imports. Japan, Indonesia, Malaysia, Germany, the United States, Thailand and Taiwan (Chinese) lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were in Malaysia (with a CAGR of +97.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest encased lead pencil suppliers to Hong Kong SAR were Vietnam ($X), China ($X) and Japan ($X), with a combined 72% share of total imports. Germany, Indonesia, the Philippines, Malaysia, the United States, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 23%.

Malaysia, with a CAGR of +67.8%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, increasing by 16% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2016 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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