Asia: Market for Pen Or Pencil Sets 2023

Market Size for Pen Or Pencil Sets in Asia

The Asian pen or pencil sets market was finally on the rise to reach $X in 2022, after nine years of decline. In general, consumption, however, saw a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in Asia

In value terms, pen or pencil sets production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a pronounced reduction. The most prominent rate of growth was recorded in 2021 with an increase of 1.2% against the previous year. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports in Asia

In 2022, after three years of growth, there was decline in overseas shipments of pen or pencil sets, when their volume decreased by -1.9% to X units. Over the period under review, exports, however, continue to indicate buoyant growth. The growth pace was the most rapid in 2020 with an increase of 301% against the previous year. Over the period under review, the exports reached the maximum at X units in 2021, and then dropped slightly in the following year.

In value terms, pen or pencil sets exports expanded sharply to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of 27%. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China dominates exports structure, finishing at X units, which was approx. 96% of total exports in 2022. Jordan (X units) followed a long way behind the leaders.

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. Jordan (-1.6%) illustrated a downward trend over the same period. While the share of China (+17 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Jordan (-5 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest pen or pencil sets supplier in Asia, comprising 93% of total exports. The second position in the ranking was held by Jordan ($X), with a 3% share of total exports.

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

Export Prices by Country

In 2022, the export price in Asia amounted to $X per unit, surging by 14% against the previous year. Overall, the export price, however, saw a abrupt slump. The pace of growth was the most pronounced in 2014 an increase of 23% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Jordan ($X per unit), while China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Jordan (-6.7%).

Imports of Pen Or Pencil Sets

Imports in Asia

In 2022, the amount of pen or pencil sets imported in Asia expanded significantly to X units, surging by 13% on the previous year. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when imports increased by 43% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, pen or pencil sets imports reached $X in 2022. Over the period under review, imports, however, saw a abrupt curtailment. The growth pace was the most rapid in 2021 with an increase of 29%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Thailand (X units) and Malaysia (X units) represented the key importers of pen or pencil sets in Asia, together constituting 50% of total imports. Indonesia (X units) held the next position in the ranking, followed by the United Arab Emirates (X units), Hong Kong SAR (X units) and Kazakhstan (X units). All these countries together took near 29% share of total imports. South Korea (X units), China (X units), Qatar (X units) and Taiwan (Chinese) (X units) held a little share 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 ($X), the United Arab Emirates ($X) and Hong Kong SAR ($X) constituted the countries with the highest levels of imports in 2022, together accounting for 45% of total imports.

Malaysia, with a CAGR of +34.9%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2022, waning by -7.4% against the previous year. Over the period under review, the import price saw a abrupt downturn. The growth pace was the most rapid in 2014 when the import price increased by 79%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

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 ($X per unit), while Qatar ($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 more modest paces of growth.

Source: IndexBox Platform

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