Vietnam: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Vietnam

The Vietnamese coloured pencil lead market dropped slightly to $X in 2021, falling by -3.1% 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). In general, consumption, however, enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a somewhat lower figure.

Coloured Pencil Lead Exports

Exports from Vietnam

In 2021, the amount of black or coloured pencil leads exported from Vietnam was estimated at X units, almost unchanged from the year before. In general, exports, however, continue to indicate a slight reduction. The pace of growth appeared the most rapid in 2019 with an increase of 13%. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports remained at a lower figure.

In value terms, coloured pencil lead exports rose sharply to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 13% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

Exports by Country

Japan (X units) was the main destination for coloured pencil lead exports from Vietnam, accounting for a 83% share of total exports. Moreover, coloured pencil lead exports to Japan exceeded the volume sent to the second major destination, Myanmar (X units), more than tenfold. The United States (X units) ranked third in terms of total exports with a 4.7% share.

From 2012 to 2021, the average annual growth rate of volume to Japan was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Myanmar (+93.6% per year) and the United States (-0.3% per year).

In value terms, Japan ($X) remains the key foreign market for black or coloured pencil leads exports from Vietnam, comprising 91% of total exports. The second position in the ranking was held by the United States ($X), with a 6% share of total exports. It was followed by Myanmar, with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Japan stood at +10.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (-2.7% per year) and Myanmar (+31.7% per year).

Export Prices by Country

The average coloured pencil lead export price stood at $X per unit in 2021, surging by 8.1% against the previous year. Overall, export price indicated buoyant growth from 2012 to 2021: its price increased at an average annual rate of +6.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, coloured pencil lead export price increased by +17.2% against 2016 indices. The pace of growth was the most pronounced in 2016 an increase of 28%. The export price peaked in 2021 and is expected to retain growth in years to come.

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 ($X per unit), while the average price for exports to Myanmar ($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 Japan (+10.0%), while the prices for the other major destinations experienced mixed trend patterns.

Coloured Pencil Lead Imports

Imports into Vietnam

In 2021, approx. X units of black or coloured pencil leads were imported into Vietnam; falling by -6.8% against 2020. Overall, total imports indicated a notable expansion from 2012 to 2021: its volume increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +24.2% against 2019 indices. The most prominent rate of growth was recorded in 2013 with an increase of 44% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, coloured pencil lead imports amounted to $X in 2021. In general, imports, however, showed a measured expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 76% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest coloured pencil lead supplier to Vietnam, with a 80% share of total imports. Moreover, coloured pencil lead imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), eightfold. The third position in this ranking was held by Japan (X units), with a 4.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +3.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+7.2% per year) and Japan (+10.2% per year).

In value terms, China ($X) constituted the largest supplier of black or coloured pencil leads to Vietnam, comprising 56% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports. It was followed by Indonesia, with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +3.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.9% per year) and Indonesia (+4.8% per year).

Import Prices by Country

The average coloured pencil lead import price stood at $X per unit in 2021, increasing by 7.5% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 51% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 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 India (+4.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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