Singapore: Drawing Chalk Market 2024

Drawing Chalk Market Size in Singapore

The Singaporean drawing chalk market soared to $X in 2021, picking up by 85% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Drawing Chalk Exports

Exports from Singapore

In 2021, overseas shipments of pastels, drawing charcoals, writing or drawing chalks decreased by -86.8% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports showed a significant contraction. The pace of growth appeared the most rapid in 2015 with an increase of 84%. Over the period under review, the exports hit record highs at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, drawing chalk exports contracted rapidly to $X in 2021. In general, exports showed a sharp decline. The pace of growth was the most pronounced in 2018 with an increase of 130% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Indonesia (X units), Vietnam (X units) and Malaysia (X units) were the main destinations of drawing chalk exports from Singapore, with a combined 81% share of total exports. These countries were followed by Brunei Darussalam, the UK, Greece, Germany and the United Arab Emirates, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for Greece (with a CAGR of +7.1%), while shipments for the other leaders experienced a decline.

In value terms, Indonesia ($X), Vietnam ($X) and Malaysia ($X) constituted the largest markets for drawing chalk exported from Singapore worldwide, together accounting for 81% of total exports. Brunei Darussalam, the UK, Greece, Germany and the United Arab Emirates lagged somewhat behind, together accounting for a further 11%.

In terms of the main countries of destination, Greece, with a CAGR of +9.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average drawing chalk export price stood at $X per unit in 2021, with a decrease of -5.3% against the previous year. Overall, export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawing chalk export price decreased by -23.9% against 2018 indices. The most prominent rate of growth was recorded in 2018 when the average export price increased by 33% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+28.2%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Chalk Imports

Imports into Singapore

In 2021, after three years of decline, there was significant growth in overseas purchases of pastels, drawing charcoals, writing or drawing chalks, when their volume increased by 29% to X units. In general, imports, however, showed a deep setback. The growth pace was the most rapid in 2017 with an increase of 120%. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, drawing chalk imports soared to $X in 2021. Overall, imports, however, showed a pronounced curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by 121%. As a result, imports attained the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Thailand (X units) and the United States (X units) were the main suppliers of drawing chalk imports to Singapore, with a combined 54% share of total imports. These countries were followed by India, Indonesia, Japan, Malaysia, Taiwan (Chinese), Germany, South Korea and Switzerland, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +45.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Thailand ($X) and the United States ($X) appeared to be the largest drawing chalk suppliers to Singapore, with a combined 54% share of total imports. These countries were followed by India, Indonesia, Japan, Malaysia, Taiwan (Chinese), Germany, South Korea and Switzerland, which together accounted for a further 37%.

Among the main suppliers, India, with a CAGR of +49.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average drawing chalk import price stood at $X per unit in 2021, picking up by 3% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 32% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were Switzerland ($X per unit) and Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) and China ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Switzerland (+12.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform