Vietnam: Drawing Board Market 2024

Drawing Board Market Size in Vietnam

The Vietnamese drawing board market stood at $X in 2022, approximately reflecting the previous year. In general, consumption continues to indicate a abrupt decrease. Drawing board consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Drawing Board Production in Vietnam

In value terms, drawing board production reduced slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a noticeable decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 15%. Drawing board production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Drawing Board Exports

Exports from Vietnam

In 2022, the amount of slates and boards with writing or drawing surfaces exported from Vietnam fell to X units, waning by -11.9% on the previous year. In general, exports, however, recorded pronounced growth. The pace of growth was the most pronounced in 2019 with an increase of 658% against the previous year. The exports peaked at X units in 2021, and then shrank in the following year.

In value terms, drawing board exports fell to $X in 2022. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2019 when exports increased by 581% against the previous year. Over the period under review, the exports hit record highs at $X in 2021, and then shrank in the following year.

Exports by Country

The United States (X units) was the main destination for drawing board exports from Vietnam, accounting for a 24% share of total exports. Moreover, drawing board exports to the United States exceeded the volume sent to the second major destination, France (X units), twofold. The third position in this ranking was taken by Italy (X units), with an 8.2% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +4.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+6.4% per year) and Italy (+43.9% per year).

In value terms, the United States ($X), France ($X) and Italy ($X) appeared to be the largest markets for drawing board exported from Vietnam worldwide, with a combined 47% share of total exports. Spain, Poland, Malaysia, Turkey, Taiwan (Chinese), the Dominican Republic, Belgium, the Czech Republic, Germany and Morocco lagged somewhat behind, together accounting for a further 40%.

Among the main countries of destination, the Dominican Republic, with a CAGR of +83.9%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average drawing board export price stood at $X per unit in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.6%. The pace of growth was the most pronounced in 2013 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to the Czech Republic ($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 France (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Board Imports

Imports into Vietnam

In 2022, after three years of growth, there was significant decline in purchases abroad of slates and boards with writing or drawing surfaces, when their volume decreased by -9.7% to X units. In general, imports faced a abrupt contraction. The growth pace was the most rapid in 2020 with an increase of 47% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing board imports dropped to $X in 2022. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2020 when imports increased by 59% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main drawing board supplier to Vietnam, accounting for a 94% share of total imports. It was followed by Malaysia (X units), with a 1.3% share of total imports. Germany (X units) ranked third in terms of total imports with a 1.3% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-22.2% per year) and Germany (-16.8% per year).

In value terms, China ($X) constituted the largest supplier of slates and boards with writing or drawing surfaces to Vietnam, comprising 95% of total imports. The second position in the ranking was taken by Germany ($X), with a 1.6% share of total imports. It was followed by Malaysia, with a 1% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at -2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.1% per year) and Malaysia (-24.0% per year).

Import Prices by Country

The average drawing board import price stood at $X per unit in 2022, reducing by -1.9% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 37% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 to 2022, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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