Asia-Pacific: Market for Pen Or Pencil Sets 2023

Market Size for Pen Or Pencil Sets in Asia-Pacific

In 2022, the Asia-Pacific pen or pencil sets market was finally on the rise to reach $X after nine years of decline. Over the period under review, consumption, however, saw a abrupt decline. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in Asia-Pacific

In value terms, pen or pencil sets production declined modestly to $X in 2022 estimated in export price. In general, production, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2021 when the production volume increased by 0.5% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports in Asia-Pacific

In 2022, overseas shipments of pen or pencil sets increased by 0.2% to X units, rising for the fourth year in a row after four years of decline. In general, exports recorded prominent growth. The pace of growth was the most pronounced in 2020 when exports increased by 593% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, pen or pencil sets exports rose significantly to $X in 2022. Over the period under review, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by 32%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

In 2022, China (X units) represented the major exporter of pen or pencil sets in Asia-Pacific, generating 98% of total export.

China was also the fastest-growing in terms of the pen or pencil sets exports, with a CAGR of +14.1% from 2012 to 2022. While the share of China (+13 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) also remains the largest pen or pencil sets supplier in Asia-Pacific.

From 2012 to 2022, the average annual growth rate of value in China was relatively modest.

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per unit, surging by 14% against the previous year. Over the period under review, the export price, however, showed a deep reduction. The most prominent rate of growth was recorded in 2014 when the export price increased by 21%. Over the period under review, the export prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for China amounted to -11.8% per year.

Imports of Pen Or Pencil Sets

Imports in Asia-Pacific

For the third consecutive year, Asia-Pacific recorded growth in overseas purchases of pen or pencil sets, which increased by 7.2% to X units in 2022. In general, imports posted a noticeable increase. The pace of growth appeared the most rapid in 2021 with an increase of 56%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, pen or pencil sets imports expanded modestly to $X in 2022. Overall, imports, however, continue to indicate a slight decline. The growth pace was the most rapid in 2021 with an increase of 55%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Thailand (X units) and Malaysia (X units) were the main importers of pen or pencil sets in 2022, recording approx. 29% and 27% of total imports, respectively. Indonesia (X units) ranks next in terms of the total imports with an 11% share, followed by Australia (8.1%) and Hong Kong SAR (7.2%). The following importers - South Korea (X units) and China (X units) - together made up 6.7% of total imports.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of +46.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X) constitutes the largest market for imported pen or pencil sets in Asia-Pacific, comprising 29% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by South Korea, with an 8.1% share.

In Malaysia, pen or pencil sets imports increased at an average annual rate of +34.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (-9.3% per year) and South Korea (-9.5% per year).

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per unit, which is down by -3.4% against the previous year. Over the period under review, the import price continues to indicate a deep slump. The growth pace was the most rapid in 2013 an increase of 23% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

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 South Korea ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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