Thailand: Sliding Pencil Market 2024

Sliding Pencil Market Size in Thailand

In 2021, after two years of growth, there was significant decline in the Thai sliding pencil market, when its value decreased by -16.9% to $X. Overall, consumption showed a mild contraction. Sliding pencil consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Sliding Pencil Production in Thailand

In value terms, sliding pencil production dropped to $X in 2021 estimated in export price. Overall, the total production indicated perceptible growth from 2012 to 2021: its value increased at an average annual rate of +2.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +52.8% against 2018 indices. The growth pace was the most rapid in 2013 with an increase of 66%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Sliding Pencil Exports

Exports from Thailand

In 2021, overseas shipments of propelling or sliding pencils increased by 24% to X units for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2015 with an increase of 37%. As a result, the exports attained the peak of X units. From 2016 to 2021, the growth of the exports failed to regain momentum.

In value terms, sliding pencil exports skyrocketed to $X in 2021. In general, exports, however, saw a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units) was the main destination for sliding pencil exports from Thailand, accounting for a 36% share of total exports. Moreover, sliding pencil exports to Germany exceeded the volume sent to the second major destination, Taiwan (Chinese) (X units), twofold. Japan (X units) ranked third in terms of total exports with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +55.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-13.0% per year) and Japan (-5.1% per year).

In value terms, Germany ($X) remains the key foreign market for propelling or sliding pencils exports from Thailand, comprising 63% of total exports. The second position in the ranking was taken by the United States ($X), with a 6.9% share of total exports. It was followed by the UK, with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Germany totaled +54.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-0.2% per year) and the UK (+136.0% per year).

Export Prices by Country

In 2021, the average sliding pencil export price amounted to $X per unit, surging by 168% against the previous year. Overall, the export price continues to indicate a significant increase. 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 the United States ($X per unit), while the average price for exports to Japan ($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 India (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sliding Pencil Imports

Imports into Thailand

Sliding pencil imports into Thailand declined rapidly to X units in 2021, shrinking by -22.8% compared with 2020. In general, imports saw a deep contraction. The pace of growth was the most pronounced in 2020 when imports increased by 19%. Over the period under review, imports attained the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, sliding pencil imports dropped sharply to $X in 2021. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest sliding pencil supplier to Thailand, with a 74% share of total imports. Moreover, sliding pencil imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -16.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-7.1% per year) and Taiwan (Chinese) (+24.2% per year).

In value terms, the largest sliding pencil suppliers to Thailand were China ($X), Japan ($X) and Taiwan (Chinese) ($X), with a combined 91% share of total imports.

Taiwan (Chinese), with a CAGR of -0.8%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average sliding pencil import price stood at $X per unit in 2021, dropping by -9% against the previous year. In general, the import price, however, continues to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 50%. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+8.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :