Vietnam: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Vietnam

In 2021, the Vietnamese encased lead pencil market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. In general, consumption showed a resilient increase. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Encased Lead Pencil Production in Vietnam

In value terms, encased lead pencil production rose significantly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a strong expansion. The pace of growth was the most pronounced in 2017 with an increase of 232%. As a result, production attained the peak level of $X. From 2018 to 2021, production growth failed to regain momentum.

Encased Lead Pencil Exports

Exports from Vietnam

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath exported from Vietnam fell to X units, which is down by -1.6% compared with the year before. Overall, total exports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +7.0% against 2017 indices. The pace of growth was the most pronounced in 2014 when exports increased by 39%. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, encased lead pencil exports contracted to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -34.8% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 42% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units), Japan (X units) and Thailand (X units) were the main destinations of encased lead pencil exports from Vietnam, with a combined 62% share of total exports. China, Hong Kong SAR, Mexico, India, Saudi Arabia and Brazil lagged somewhat behind, together comprising a further 28%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +48.9%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), Japan ($X) and China ($X) constituted the largest markets for encased lead pencil exported from Vietnam worldwide, with a combined 67% share of total exports. Hong Kong SAR, Mexico, Thailand, Saudi Arabia, India and Brazil lagged somewhat behind, together comprising a further 21%.

India, with a CAGR of +50.6%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, dropping by -12.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The pace of growth was the most pronounced in 2017 an increase of 21%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Japan ($X per unit), while the average price for exports to Thailand ($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 China (+10.6%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Vietnam

In 2021, approx. X units of pencils and crayons with leads encased in a rigid sheath were imported into Vietnam; rising by 118% on the previous year's figure. In general, imports recorded a resilient expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, encased lead pencil imports surged to $X in 2021. Overall, imports showed a resilient increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Vietnam, with a 79% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X units), more than tenfold. The third position in this ranking was held by Brazil (X units), with a 3.6% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +11.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+48.3% per year) and Brazil (+54.8% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Vietnam, comprising 67% of total imports. The second position in the ranking was taken by Germany ($X), with a 7% share of total imports. It was followed by Myanmar, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from China amounted to +16.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+5.9% per year) and Myanmar (+36.3% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, dropping by -24% against the previous year. In general, import price indicated moderate growth from 2012 to 2021: its price increased at an average annual rate of +4.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, encased lead pencil import price decreased by -26.3% against 2018 indices. The growth pace was the most rapid in 2013 an increase of 31%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Germany ($X per unit), while the price for South Korea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+9.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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