South-Eastern Asia: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in South-Eastern Asia

The Southeast Asian pen or pencil sets market fell to $X in 2022, reducing by -6.4% against the previous year. In general, consumption showed a drastic downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Pen Or Pencil Sets in South-Eastern Asia

In value terms, pen or pencil sets production dropped to $X in 2022 estimated in export price. In general, production saw a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 34%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports in South-Eastern Asia

In 2022, overseas shipments of pen or pencil sets increased by 62% to X units, rising for the fourth consecutive year after two years of decline. Overall, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of 75%. The volume of export peaked in 2022 and is likely to see gradual growth in years to come.

In value terms, pen or pencil sets exports rose sharply to $X in 2022. In general, exports, however, recorded a perceptible decline. The pace of growth was the most pronounced in 2016 when exports increased by 83%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Vietnam (X units) and Thailand (X units) represented the major exporters of pen or pencil sets in 2022, reaching near 39% and 37% of total exports, respectively. Singapore (X units) ranks next in terms of the total exports with a 14% share, followed by Malaysia (5.8%). Cambodia (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Vietnam (with a CAGR of +26.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest pen or pencil sets supplying countries in South-Eastern Asia were Vietnam ($X), Singapore ($X) and Malaysia ($X), together comprising 80% of total exports.

Vietnam, with a CAGR of +20.9%, recorded the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per unit in 2022, reducing by -34.8% against the previous year. Overall, the export price recorded a deep downturn. The pace of growth was the most pronounced in 2021 when the export price increased by 9.9%. Over the period under review, the export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+0.8%), while the other leaders experienced a decline in the export price figures.

Imports of Pen Or Pencil Sets

Imports in South-Eastern Asia

For the third consecutive year, South-Eastern Asia recorded growth in overseas purchases of pen or pencil sets, which increased by 5.2% to X units in 2022. Over the period under review, imports showed a prominent expansion. The growth pace was the most rapid in 2018 with an increase of 61%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, pen or pencil sets imports rose to $X in 2022. Overall, imports posted noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of 95% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Thailand (X units) and Malaysia (X units) were the main importers of pen or pencil sets in South-Eastern Asia, together finishing at approx. 80% of total imports. It was distantly followed by Indonesia (X units), committing a 15% share of total imports. Singapore (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +46.2%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, Malaysia ($X) constitutes the largest market for imported pen or pencil sets in South-Eastern Asia, comprising 55% of total imports. The second position in the ranking was held by Indonesia ($X), with a 15% share of total imports. It was followed by Singapore, with a 13% share.

From 2012 to 2022, the average annual growth rate of value in Malaysia amounted to +34.9%. In the other countries, the average annual rates were as follows: Indonesia (+0.2% per year) and Singapore (-6.5% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per unit in 2022, which is down by -1.9% against the previous year. Overall, the import price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 when the import price increased by 58% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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