Myanmar: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Myanmar

The Myanmar's encased lead pencil market surged to $X in 2021, growing by 15% against the previous year. In general, consumption showed perceptible growth. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Encased Lead Pencil Production in Myanmar

In value terms, encased lead pencil production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production saw tangible growth. The pace of growth was the most pronounced in 2017 with an increase of 264%. Encased lead pencil production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Encased Lead Pencil Exports

Exports from Myanmar

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath decreased by -58.1% to X units for the first time since 2011, thus ending a nine-year rising trend. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2017 when exports increased by 222% against the previous year. Over the period under review, the exports attained the maximum at X units in 2020, and then reduced remarkably in the following year.

In value terms, encased lead pencil exports dropped significantly to $X in 2021. Over the period under review, exports, however, enjoyed a significant increase. The growth pace was the most rapid in 2017 with an increase of 286%. Over the period under review, the exports reached the peak figure at $X in 2020, and then declined markedly in the following year.

Exports by Country

Vietnam (X units) was the main destination for encased lead pencil exports from Myanmar, accounting for a 59% share of total exports. Moreover, encased lead pencil exports to Vietnam exceeded the volume sent to the second major destination, Mexico (X units), threefold. The third position in this ranking was held by China (X units), with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Vietnam amounted to +71.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+22.6% per year) and China (0.0% per year).

In value terms, Vietnam ($X) remains the key foreign market for encased lead pencil exports from Myanmar, comprising 60% of total exports. The second position in the ranking was taken by Mexico ($X), with a 21% share of total exports. It was followed by China, with an 8.1% share.

From 2012 to 2021, the average annual growth rate of value to Vietnam stood at +59.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+32.0% per year) and China (0.0% per year).

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, waning by -17.8% against the previous year. Over the period under review, export price indicated a slight expansion from 2012 to 2021: its price increased at an average annual rate of +1.0% over the last nine-year period. 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 -31.6% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the average export price increased by 35% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2021, the highest price was recorded for prices to Colombia ($X per unit) and Malaysia ($X per unit), while the average price for exports to Germany ($X per unit) and Mexico ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+7.6%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Myanmar

In 2021, supplies from abroad of pencils and crayons with leads encased in a rigid sheath decreased by -82.9% to X units, falling for the second consecutive year after two years of growth. Overall, imports continue to indicate a abrupt descent. The pace of growth was the most pronounced in 2018 with an increase of 103%. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports fell markedly to $X in 2021. Over the period under review, imports recorded a abrupt descent. The pace of growth appeared the most rapid in 2018 with an increase of 114% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and India (X units) were the main suppliers of encased lead pencil imports to Myanmar, with a combined 76% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +8.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest encased lead pencil suppliers to Myanmar were China ($X), Japan ($X) and India ($X), together comprising 76% of total imports. These countries were followed by Taiwan (Chinese), Indonesia, Vietnam, South Korea, Thailand and Singapore, which together accounted for a further 22%.

In terms of the main suppliers, Taiwan (Chinese), with a CAGR of +7.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, standing approx. at the previous year. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 23%. Over the period under review, average import prices reached the peak figure at $X per unit in 2020, and then reduced slightly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+11.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :