Southern Asia: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Southern Asia

The South Asian pen or pencil sets market fell to $X in 2022, waning by -6.1% against the previous year. In general, consumption continues to indicate a noticeable downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in Southern Asia

In value terms, pen or pencil sets production contracted to $X in 2022 estimated in export price. Over the period under review, production saw a pronounced contraction. The most prominent rate of growth was recorded in 2021 when the production volume increased by 19% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports in Southern Asia

In 2022, pen or pencil sets exports in Southern Asia surged to X units, growing by 102% on 2021. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2015 when exports increased by 600% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, pen or pencil sets exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 883% against the previous year. The level of export peaked in 2022 and is likely to continue growth in the near future.

Exports by Country

In 2022, India (X units) represented the key exporter of pen or pencil sets in Southern Asia, generating 98% of total export.

India was also the fastest-growing in terms of the pen or pencil sets exports, with a CAGR of +30.3% from 2012 to 2022. While the share of India (+12 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest pen or pencil sets supplier in Southern Asia.

In India, pen or pencil sets exports expanded at an average annual rate of +25.5% over the period from 2012-2022.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2022, dropping by -37% against the previous year. In general, the export price saw a noticeable decline. The pace of growth appeared the most rapid in 2015 when the export price increased by 40%. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2022, the rate of growth in terms of prices for India amounted to -3.6% per year.

Imports of Pen Or Pencil Sets

Imports in Southern Asia

In 2022, supplies from abroad of pen or pencil sets increased by 45% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a strong expansion. The pace of growth was the most pronounced in 2021 when imports increased by 156% against the previous year. The volume of import peaked at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, pen or pencil sets imports surged to $X in 2022. Overall, imports showed a noticeable expansion. The pace of growth was the most pronounced in 2014 when imports increased by 91% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

India was the key importer of pen or pencil sets in Southern Asia, with the volume of imports reaching X units, which was approx. 59% of total imports in 2022. Bangladesh (X units) took a 29% share (based on physical terms) of total imports, which put it in second place, followed by Pakistan (8.3%). Maldives (X units) took a little share of total imports.

Imports into India increased at an average annual rate of +15.2% from 2012 to 2022. At the same time, Pakistan (+22.1%) and Maldives (+9.5%) displayed positive paces of growth. Moreover, Pakistan emerged as the fastest-growing importer imported in Southern Asia, with a CAGR of +22.1% from 2012-2022. Bangladesh experienced a relatively flat trend pattern. While the share of India (+29 p.p.) and Pakistan (+6 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Bangladesh (-29.3 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest pen or pencil sets importing markets in Southern Asia were India ($X), Bangladesh ($X) and Pakistan ($X), together comprising 90% of total imports.

Among the main importing countries, Pakistan, with a CAGR of +33.6%, recorded the highest growth rate of 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 import price in Southern Asia stood at $X per unit in 2022, with a decrease of -8% against the previous year. In general, the import price continues to indicate a noticeable curtailment. The growth pace was the most rapid in 2014 when the import price increased by 32% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Maldives ($X per unit), while India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Maldives (+18.4%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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