Vietnam: Drawing Chalk Market 2024

Drawing Chalk Market Size in Vietnam

After two years of growth, the Vietnamese drawing chalk market decreased by -14.8% to $X in 2021. Overall, consumption recorded a perceptible setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Drawing Chalk Production in Vietnam

In value terms, drawing chalk production contracted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 with an increase of 15%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Drawing Chalk Exports

Exports from Vietnam

For the tenth year in a row, Vietnam recorded growth in shipments abroad of pastels, drawing charcoals, writing or drawing chalks, which increased by 17% to X units in 2021. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 171%. The exports peaked in 2021 and are likely to see steady growth in the near future.

In value terms, drawing chalk exports rose to $X in 2021. Overall, exports saw significant growth. The pace of growth appeared the most rapid in 2014 when exports increased by 158% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units) was the main destination for drawing chalk exports from Vietnam, with a 55% share of total exports. Moreover, drawing chalk exports to the United States exceeded the volume sent to the second major destination, Japan (X units), threefold. The third position in this ranking was taken by Myanmar (X units), with an 8.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+133.0% per year) and Myanmar (+47.6% per year).

In value terms, the United States ($X) remains the key foreign market for pastels, drawing charcoals, writing or drawing chalks exports from Vietnam, comprising 57% of total exports. The second position in the ranking was taken by Japan ($X), with a 20% share of total exports. It was followed by Canada, with a 6.2% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (+129.9% per year) and Canada (+76.4% per year).

Export Prices by Country

In 2021, the average drawing chalk export price amounted to $X per unit, reducing by -10.6% against the previous year. Over the period under review, the export price continues to indicate a slight curtailment. The pace of growth appeared the most rapid in 2015 an increase of 18%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while the average price for exports to Myanmar ($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 South Korea (-0.7%), while the prices for the other major destinations experienced a decline.

Drawing Chalk Imports

Imports into Vietnam

In 2021, approx. X units of pastels, drawing charcoals, writing or drawing chalks were imported into Vietnam; jumping by 35% against 2020. In general, imports recorded a buoyant increase. The most prominent rate of growth was recorded in 2013 with an increase of 95% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in the near future.

In value terms, drawing chalk imports soared to $X in 2021. Over the period under review, imports showed significant growth. The growth pace was the most rapid in 2013 when imports increased by 106%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of drawing chalk to Vietnam, accounting for a 81% share of total imports. Moreover, drawing chalk imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), eightfold. The United States (X units) ranked third in terms of total imports with a 5.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +18.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+4.8% per year) and the United States (+32.1% per year).

In value terms, China ($X) constituted the largest supplier of pastels, drawing charcoals, writing or drawing chalks to Vietnam, comprising 81% of total imports. The second position in the ranking was taken by South Korea ($X), with a 10% share of total imports. It was followed by the United States, with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +26.8%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+12.2% per year) and the United States (+41.4% per year).

Import Prices by Country

The average drawing chalk import price stood at $X per unit in 2021, falling by -4.7% against the previous year. Overall, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, drawing chalk import price increased by +12.7% against 2018 indices. The most prominent rate of growth was recorded in 2014 an increase of 75%. Over the period under review, average import prices attained the peak figure at $X per unit in 2020, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, the countries with the highest prices were the United States ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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