U.S.: Drawing Board Market 2024

Drawing Board Market Size in the U.S.

In 2022, the U.S. drawing board market decreased by -2.6% to $X for the first time since 2016, thus ending a five-year rising trend. In general, the total consumption indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +6.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +39.1% against 2015 indices. Over the period under review, the market hit record highs at $X in 2021, and then dropped slightly in the following year.

Drawing Board Production in the U.S.

In value terms, drawing board production reduced rapidly to $X in 2022. Overall, production recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 54% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Drawing Board Exports

Exports from the U.S.

In 2022, approx. X units of slates and boards with writing or drawing surfaces were exported from the United States; picking up by 11% on the year before. In general, total exports indicated a notable expansion from 2012 to 2022: its volume increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +15.9% against 2020 indices. The most prominent rate of growth was recorded in 2014 with an increase of 45%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, drawing board exports dropped notably to $X in 2022. Overall, total exports indicated moderate growth from 2012 to 2022: its value increased at an average annual rate of +3.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.7% against 2019 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 52% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Canada (X units) was the main destination for drawing board exports from the United States, accounting for a 52% share of total exports. Moreover, drawing board exports to Canada exceeded the volume sent to the second major destination, Mexico (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+9.4% per year) and Japan (+16.6% per year).

In value terms, Canada ($X) remains the key foreign market for slates and boards with writing or drawing surfaces exports from the United States, comprising 79% of total exports. The second position in the ranking was held by Mexico ($X), with a 5.3% share of total exports. It was followed by South Korea, with a 1.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada stood at +5.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-1.1% per year) and South Korea (-7.5% per year).

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, reducing by -24.5% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 when the average export price increased by 31% against the previous year. The export price peaked at $X per unit in 2021, and then contracted dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per unit), while the average price for exports to Australia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+4.4%), while the prices for the other major destinations experienced a decline.

Drawing Board Imports

Imports into the U.S.

In 2022, after ten years of growth, there was decline in supplies from abroad of slates and boards with writing or drawing surfaces, when their volume decreased by -4.6% to X units. Overall, imports, however, posted strong growth. The pace of growth appeared the most rapid in 2020 when imports increased by 32% against the previous year. Imports peaked at X units in 2021, and then fell in the following year.

In value terms, drawing board imports stood at $X in 2022. The total import value increased at an average annual rate of +5.0% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by 17% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

Imports by Country

In 2022, China (X units) was the main drawing board supplier to the United States, with a 98% share of total imports. It was followed by Portugal (X units), with a 0.3% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China stood at +10.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (-14.7% per year) and Canada (-15.9% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to the United States, comprising 91% of total imports. The second position in the ranking was held by Portugal ($X), with a 2.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (+1.4% per year) and Canada (+2.5% per year).

Import Prices by Country

In 2022, the average drawing board import price amounted to $X per unit, increasing by 5.9% against the previous year. Over the period under review, the import price, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2014 an increase of 9.3%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, 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 Canada ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+22.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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