Malaysia: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian encased lead pencil market, when its value increased by 20% to $X. Over the period under review, consumption, however, saw a perceptible shrinkage. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Encased Lead Pencil Exports

Exports from Malaysia

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath increased by 1.5% to X units, rising for the second consecutive year after three years of decline. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 268%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, encased lead pencil exports shrank to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The pace of growth appeared the most rapid in 2014 when exports increased by 169%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units) was the main destination for encased lead pencil exports from Malaysia, accounting for a 31% share of total exports. Moreover, encased lead pencil exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), threefold. Indonesia (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR stood at +121.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+45.3% per year) and Indonesia (-21.0% per year).

In value terms, the largest markets for encased lead pencil exported from Malaysia were Hong Kong SAR ($X), the United States ($X) and Indonesia ($X), with a combined 50% share of total exports.

Among the main countries of destination, Hong Kong SAR, with a CAGR of +80.5%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, dropping by -8.1% against the previous year. Overall, export price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, encased lead pencil export price decreased by -20.3% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 49%. Over the period under review, the average export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was the United States ($X per unit), while the average price for exports to the Dominican Republic ($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 Indonesia (+6.7%), while the prices for the other major destinations experienced mixed trend patterns.

Encased Lead Pencil Imports

Imports into Malaysia

After two years of decline, supplies from abroad of pencils and crayons with leads encased in a rigid sheath increased by 35% to X units in 2021. Over the period under review, imports, however, continue to indicate a mild shrinkage. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports rose sharply to $X in 2021. In general, imports, however, saw a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Malaysia, accounting for a 75% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), sevenfold. Thailand (X units) ranked third in terms of total imports with an 8.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.9% per year) and Thailand (+52.0% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Malaysia, comprising 61% of total imports. The second position in the ranking was held by Indonesia ($X), with a 20% share of total imports. It was followed by Thailand, with an 11% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-15.9% per year) and Thailand (+46.5% per year).

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, declining by -15.5% against the previous year. Over the period under review, the import price saw a pronounced decline. The growth pace was the most rapid in 2015 an increase of 20%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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