Vietnam: Sliding Pencil Market 2024

Sliding Pencil Market Size in Vietnam

In 2021, the Vietnamese sliding pencil market decreased by -6.8% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption faced a abrupt curtailment. The growth pace was the most rapid in 2019 with an increase of 8.3% against the previous year. Sliding pencil consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Sliding Pencil Production in Vietnam

In value terms, sliding pencil production declined to $X in 2021 estimated in export price. Overall, production continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2016 with an increase of 138% against the previous year. Over the period under review, production reached the maximum level at $X in 2013; however, from 2014 to 2021, production remained at a lower figure.

Sliding Pencil Exports

Exports from Vietnam

In 2021, sliding pencil exports from Vietnam reduced sharply to X units, with a decrease of -20.8% compared with the year before. Overall, exports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 395%. The exports peaked at X units in 2020, and then shrank dramatically in the following year.

In value terms, sliding pencil exports reduced to $X in 2021. In general, exports, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when exports increased by 293% against the previous year. Over the period under review, the exports attained the maximum at $X in 2020, and then declined in the following year.

Exports by Country

Japan (X units) was the main destination for sliding pencil exports from Vietnam, accounting for a 54% share of total exports. Moreover, sliding pencil exports to Japan exceeded the volume sent to the second major destination, Indonesia (X units), fourfold. The third position in this ranking was taken by Brazil (X units), with a 6.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan amounted to +39.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+97.6% per year) and Brazil (+48.8% per year).

In value terms, the largest markets for sliding pencil exported from Vietnam were Indonesia ($X), Japan ($X) and the Philippines ($X), with a combined 65% share of total exports.

Indonesia, with a CAGR of +117.8%, recorded the highest rates of growth with regard to the value of exports, among 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

The average sliding pencil export price stood at $X per unit in 2021, jumping by 22% against the previous year. In general, the export price, however, continues to indicate a deep setback. The most prominent rate of growth was recorded in 2019 an increase of 47%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

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 Philippines ($X per unit), while the average price for exports to Brazil ($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 Singapore (+165.9%), while the prices for the other major destinations experienced more modest paces of growth.

Sliding Pencil Imports

Imports into Vietnam

Sliding pencil imports into Vietnam contracted sharply to X units in 2021, reducing by -30.5% compared with the previous year. In general, imports saw a precipitous contraction. The growth pace was the most rapid in 2015 with an increase of 45% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, sliding pencil imports declined to $X in 2021. Overall, imports recorded a dramatic slump. The pace of growth was the most pronounced in 2015 when imports increased by 147% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of sliding pencil imports to Vietnam, with a combined 84% share of total imports. These countries were followed by Germany, Taiwan (Chinese), Indonesia, France and Sweden, which together accounted for a further 11%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Indonesia (with a CAGR of -4.3%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Japan ($X) and Thailand ($X) were the largest sliding pencil suppliers to Vietnam, with a combined 84% share of total imports. These countries were followed by Germany, Taiwan (Chinese), France, Indonesia and Sweden, which together accounted for a further 10%.

In terms of the main suppliers, Indonesia, with a CAGR of +2.1%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average sliding pencil import price amounted to $X per unit, rising by 29% against the previous year. In general, the import price enjoyed a strong expansion. The most prominent rate of growth was recorded in 2015 when the average import price increased by 70% against the previous year. The import price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+18.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :