Japan: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Japan

The Japanese pen or pencil sets market fell to $X in 2022, waning by -8.9% against the previous year. In general, consumption continues to indicate a deep slump. Pen or pencil sets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in Japan

In value terms, pen or pencil sets production contracted to $X in 2022 estimated in export price. Overall, production showed a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pen Or Pencil Sets

Exports from Japan

For the third year in a row, Japan recorded growth in shipments abroad of pen or pencil sets, which increased by 1.6% to X units in 2022. Overall, exports, however, saw a slight slump. The most prominent rate of growth was recorded in 2020 when exports increased by 39% against the previous year. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pen or pencil sets exports shrank to $X in 2022. Over the period under review, exports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of 34%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

South Korea (X units) was the main destination for pen or pencil sets exports from Japan, with a 61% share of total exports. Moreover, pen or pencil sets exports to South Korea exceeded the volume sent to the second major destination, Chile (X units), eightfold. The third position in this ranking was taken by China (X units), with a 5.5% share.

From 2012 to 2022, the average annual growth rate of volume to South Korea amounted to +2.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (+123.8% per year) and China (-10.2% per year).

In value terms, South Korea ($X) remains the key foreign market for pen or pencil sets exports from Japan, comprising 68% of total exports. The second position in the ranking was held by China ($X), with a 6.2% share of total exports. It was followed by the United States, with a 5.1% share.

From 2012 to 2022, the average annual growth rate of value to South Korea amounted to +3.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (-9.2% per year) and the United States (+1.9% per year).

Export Prices by Country

In 2022, the average pen or pencil sets export price amounted to $X per unit, which is down by -8.4% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average export price increased by 19%. Over the period under review, the average export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Thailand ($X per unit), while the average price for exports to Iraq ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into Japan

In 2022, the amount of pen or pencil sets imported into Japan soared to X units, jumping by 89% compared with the previous year's figure. Over the period under review, imports, however, saw a slight downturn. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, pen or pencil sets imports skyrocketed to $X in 2022. In general, imports, however, continue to indicate a pronounced shrinkage. Imports peaked at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pen or pencil sets supplier to Japan, accounting for a 77% share of total imports. Moreover, pen or pencil sets imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. Germany (X units) ranked third in terms of total imports with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled -2.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+10.0% per year) and Germany (-8.6% per year).

In value terms, China ($X) constituted the largest supplier of pen or pencil sets to Japan, comprising 77% of total imports. The second position in the ranking was held by the United States ($X), with an 11% share of total imports. It was followed by Germany, with a 4.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+7.1% per year) and Germany (-10.8% per year).

Import Prices by Country

The average pen or pencil sets import price stood at $X per unit in 2022, declining by -26.6% against the previous year. In general, the import price saw a noticeable decrease. The pace of growth was the most pronounced in 2018 an increase of 16% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the United States ($X per unit) and China ($X per unit), while the price for Italy ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (-2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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