Singapore: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Singapore

For the fifth year in a row, the Singaporean coloured pencil lead market recorded decline in sales value, which decreased by -10.8% to $X in 2021. Overall, consumption saw a drastic downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Coloured Pencil Lead Exports

Exports from Singapore

In 2021, overseas shipments of black or coloured pencil leads decreased by -64.5% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a deep slump. The pace of growth was the most pronounced in 2015 with an increase of 117%. As a result, the exports reached the peak of X units. From 2016 to 2021, the growth of the exports remained at a lower figure.

In value terms, coloured pencil lead exports reduced sharply to $X in 2021. Over the period under review, exports showed a abrupt downturn. The pace of growth was the most pronounced in 2015 with an increase of 126% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units), Croatia (X units) and Myanmar (X units) were the main destinations of coloured pencil lead exports from Singapore, together comprising 52% of total exports. These countries were followed by Benin, Slovenia, Cambodia, Indonesia and Malaysia, which together accounted for a further 32%.

From 2012 to 2021, the biggest increases were recorded for Slovenia (with a CAGR of +51.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for coloured pencil lead exported from Singapore were Myanmar ($X), Croatia ($X) and the United States ($X), with a combined 56% share of total exports. Slovenia, Indonesia, Malaysia, Cambodia and Benin lagged somewhat behind, together comprising a further 21%.

Slovenia, with a CAGR of +59.4%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average coloured pencil lead export price stood at $X per unit in 2021, rising by 41% against the previous year. In general, export price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached 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, amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Benin (less than $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 Ghana (+62.4%), while the prices for the other major destinations experienced more modest paces of growth.

Coloured Pencil Lead Imports

Imports into Singapore

For the fifth year in a row, Singapore recorded decline in purchases abroad of black or coloured pencil leads, which decreased by -34.9% to X units in 2021. In general, imports saw a abrupt setback. The most prominent rate of growth was recorded in 2016 with an increase of 61%. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, coloured pencil lead imports declined significantly to $X in 2021. Overall, imports saw a deep setback. The pace of growth appeared the most rapid in 2016 with an increase of 44%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Japan (X units), Malaysia (X units) and China (X units) were the main suppliers of coloured pencil lead imports to Singapore, together accounting for 67% of total imports. These countries were followed by South Korea, the United States, Taiwan (Chinese), Indonesia and Germany, which together accounted for a further 30%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +61.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coloured pencil lead suppliers to Singapore were Japan ($X), China ($X) and South Korea ($X), together comprising 71% of total imports. The United States, Taiwan (Chinese), Malaysia, Indonesia, Germany and Mexico lagged somewhat behind, together comprising a further 23%.

The United States, with a CAGR of +64.7%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average coloured pencil lead import price amounted to $X per unit, declining by -10% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the average import price increased by 32%. Over the period under review, average import prices hit record highs at $X per unit in 2020, and then shrank in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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