Malaysia: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Malaysia

In 2021, the Malaysian coloured pencil lead market increased by 64% to $X for the first time since 2016, thus ending a four-year declining trend. Over the period under review, consumption, however, recorded a abrupt slump. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Coloured Pencil Lead Exports

Exports from Malaysia

Coloured pencil lead exports from Malaysia declined remarkably to X units in 2021, reducing by -74.1% compared with 2020 figures. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 327%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, coloured pencil lead exports reduced dramatically to $X in 2021. In general, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2016 with an increase of 119% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for coloured pencil lead exports from Malaysia, accounting for a 27% share of total exports. Moreover, coloured pencil lead exports to Hong Kong SAR exceeded the volume sent to the second major destination, Fiji (X units), twofold. India (X units) ranked third in terms of total exports with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +656.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Fiji (+38.5% per year) and India (+18.0% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for black or coloured pencil leads exports from Malaysia, comprising 26% of total exports. The second position in the ranking was taken by Serbia ($X), with a 7.8% share of total exports. It was followed by Fiji, with a 7% share.

From 2012 to 2021, the average annual growth rate of value to Hong Kong SAR amounted to +679.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+10.0% per year) and Fiji (+25.7% per year).

Export Prices by Country

The average coloured pencil lead export price stood at $X per unit in 2021, with an increase of 122% against the previous year. Over the period under review, the export price showed mild growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 251% against the previous year. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Peru ($X per unit), while the average price for exports to Brunei Darussalam ($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 Singapore (+5.3%), while the prices for the other major destinations experienced more modest paces of growth.

Coloured Pencil Lead Imports

Imports into Malaysia

After two years of decline, supplies from abroad of black or coloured pencil leads increased by 1.3% to X units in 2021. Over the period under review, imports, however, saw a mild curtailment. The growth pace was the most rapid in 2016 with an increase of 264% against the previous year. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, coloured pencil lead imports fell to $X in 2021. In general, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2016 when imports increased by 135%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of coloured pencil lead to Malaysia, accounting for a 85% share of total imports. Moreover, coloured pencil lead imports from China exceeded the figures recorded by the second-largest supplier, Singapore (X units), more than tenfold. The third position in this ranking was held by South Korea (X units), with a 2.3% share.

From 2012 to 2021, the average annual growth rate of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+52.2% per year) and South Korea (-17.6% per year).

In value terms, China ($X) constituted the largest supplier of black or coloured pencil leads to Malaysia, comprising 62% of total imports. The second position in the ranking was held by South Korea ($X), with a 9.2% share of total imports. It was followed by Japan, with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (-19.9% per year) and Japan (-12.0% per year).

Import Prices by Country

The average coloured pencil lead import price stood at $X per unit in 2021, which is down by -11.7% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The most prominent rate of growth was recorded in 2019 an increase of 70%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-1.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :