Exercise Book Market

The global exercise book market is expected to continue an upward consumption trend over the next eight years, with a forecasted CAGR of +1.5% in volume and +3.4% in value from 2022 to 2030. Russia leads in both consumption and production of exercise books, followed by China and the United States. The UK, Ethiopia, and Spain are prominent importers, while India and China dominate exports. The average global import price is $1,893 per ton, and the average export price is $1,923 per ton. The market is poised for steady growth in the near future.

Market Forecast

Driven by increasing demand for exercise books worldwide, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +1.5% for the period from 2022 to 2030, which is projected to bring the market volume to 3.9M tons by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +3.4% for the period from 2022 to 2030, which is projected to bring the market value to $10.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Exercise Books

In 2022, approx. 3.4M tons of exercise books were consumed worldwide; leveling off at the previous year. The total consumption volume increased at an average annual rate of +2.4% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. Over the period under review, global consumption hit record highs in 2022 and is likely to see steady growth in years to come.

The global exercise book market value rose modestly to $8.1B in 2022, with an increase of 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). The market value increased at an average annual rate of +1.2% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. Global consumption peaked in 2022 and is likely to see gradual growth in the near future.

Consumption By Country

Russia (1.4M tons) remains the largest exercise book consuming country worldwide, accounting for 40% of total volume. Moreover, exercise book consumption in Russia exceeded the figures recorded by the second-largest consumer, China (468K tons), threefold. The third position in this ranking was held by the United States (204K tons), with a 5.9% share.

From 2012 to 2022, the average annual rate of growth in terms of volume in Russia stood at +5.1%. The remaining consuming countries recorded the following average annual rates of consumption growth: China (+1.1% per year) and the United States (-1.6% per year).

In value terms, the United States ($1.8B), Russia ($1.8B) and Japan ($1.2B) appeared to be the countries with the highest levels of market value in 2022, together comprising 59% of the global market.

In terms of the main consuming countries, Russia, with a CAGR of +3.9%, recorded the highest growth rate of market size over the period under review, while market for the other global leaders experienced more modest paces of growth.

In 2022, the highest levels of exercise book per capita consumption was registered in Russia (9.5 kg per person), followed by Japan (0.6 kg per person), the United States (0.6 kg per person) and Mexico (0.4 kg per person), while the world average per capita consumption of exercise book was estimated at 0.4 kg per person.

In Russia, exercise book per capita consumption expanded at an average annual rate of +5.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Japan (+2.9% per year) and the United States (-2.2% per year).

Production

World Production of Exercise Books

In 2022, global exercise book production stood at 3.4M tons, stabilizing at the previous year. The total output volume increased at an average annual rate of +2.3% from 2012 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when the production volume increased by 7%. Global production peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, exercise book production totaled $7.7B in 2022 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 18% against the previous year. Over the period under review, global production attained the maximum level at $7.8B in 2018; however, from 2019 to 2022, production failed to regain momentum.

Production By Country

Russia (1.4M tons) constituted the country with the largest volume of exercise book production, comprising approx. 40% of total volume. Moreover, exercise book production in Russia exceeded the figures recorded by the second-largest producer, China (535K tons), threefold. The third position in this ranking was held by India (217K tons), with a 6.3% share.

In Russia, exercise book production increased at an average annual rate of +5.1% over the period from 2012-2022. The remaining producing countries recorded the following average annual rates of production growth: China (+0.9% per year) and India (+3.0% per year).

Imports

World Imports of Exercise Books

In 2022, after two years of decline, there was significant growth in supplies from abroad of exercise books, when their volume increased by 35% to 340K tons. The total import volume increased at an average annual rate of +1.3% from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. Over the period under review, global imports reached the maximum at 344K tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, exercise book imports skyrocketed to $644M in 2022. The total import value increased at an average annual rate of +2.0% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports By Country

The UK (19K tons), Ethiopia (19K tons), Democratic Republic of the Congo (12K tons), Afghanistan (11K tons), Malaysia (10K tons), the Netherlands (9.9K tons), France (9.1K tons), Togo (8.7K tons), Spain (8.1K tons), Rwanda (8K tons), Nicaragua (7.5K tons) and Madagascar (7.2K tons) represented roughly 38% of total imports in 2022. Mozambique (7.2K tons) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Malaysia (with a CAGR of +25.6%), while imports for the other global leaders experienced more modest paces of growth.

In value terms, the UK ($40M), Ethiopia ($35M) and Spain ($26M) appeared to be the countries with the highest levels of imports in 2022, together comprising 16% of global imports. The Netherlands, France, Afghanistan, Nicaragua, Malaysia, Rwanda, Madagascar, Democratic Republic of the Congo, Mozambique and Togo lagged somewhat behind, together accounting for a further 23%.

Among the main importing countries, Malaysia, with a CAGR of +24.5%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average exercise book import price stood at $1,893 per ton in 2022, picking up by 7.5% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 10% against the previous year. Global import price peaked in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Spain ($3,189 per ton), while Togo ($347 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Madagascar (+4.8%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Exercise Books

In 2022, the amount of exercise books exported worldwide surged to 353K tons, picking up by 32% compared with the previous year. Overall, exports continue to indicate a relatively flat trend pattern. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exercise book exports soared to $679M in 2022. The total export value increased at an average annual rate of +1.4% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports By Country

India (74K tons) and China (68K tons) were the largest exporters of exercise books in 2022, amounting to approx. 21% and 19% of total exports, respectively. Indonesia (44K tons) ranks next in terms of the total exports with a 12% share, followed by the United Arab Emirates (4.9%). The following exporters - Mexico (10K tons), Estonia (9.6K tons), Brazil (9.6K tons), Kenya (8K tons), France (7.9K tons), Colombia (7.8K tons), Poland (6.7K tons), Tunisia (6.3K tons) and Belarus (5.3K tons) - together made up 20% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of +35.2%), while the other global leaders experienced more modest paces of growth.

In value terms, China ($120M), India ($94M) and the United Arab Emirates ($67M) constituted the countries with the highest levels of exports in 2022, together accounting for 41% of global exports.

In terms of the main exporting countries, the United Arab Emirates, with a CAGR of +51.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices By Country

In 2022, the average exercise book export price amounted to $1,923 per ton, growing by 12% against the previous year. Overall, the export price recorded a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($3,881 per ton), while India ($1,272 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+11.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform