Eastern Asia: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Eastern Asia

In 2022, the East Asian pen or pencil sets market decreased by X% to $X, falling for the fourth consecutive year after five years of growth. Overall, consumption recorded a slight reduction. The pace of growth appeared the most rapid in 2017 when the market value increased by X%. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in Eastern Asia

In value terms, pen or pencil sets production reached $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Exports of Pen Or Pencil Sets

Exports in Eastern Asia

In 2022, the amount of pen or pencil sets exported in Eastern Asia expanded markedly to X units, surging by X% on the previous year. Over the period under review, exports, however, saw a abrupt shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. The volume of export peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pen or pencil sets exports skyrocketed to $X in 2022. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

China prevails in exports structure, recording X units, which was near X% of total exports in 2022. Hong Kong SAR (X units) took a little share of total exports.

China was also the fastest-growing in terms of the pen or pencil sets exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

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

In China, pen or pencil sets exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, with an increase of X% against the previous year. Export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pen or pencil sets export price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the export price increased by X% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 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 China ($X per unit), while Hong Kong SAR stood at $X per unit.

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

Imports of Pen Or Pencil Sets

Imports in Eastern Asia

In 2022, overseas purchases of pen or pencil sets increased by X% to X units, rising for the second consecutive year after four years of decline. Overall, imports, however, recorded a perceptible shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pen or pencil sets imports rose slightly to $X in 2022. Over the period under review, imports, however, continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Hong Kong SAR represented the largest importing country with an import of around X units, which reached X% of total imports. China (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (X%), Taiwan (Chinese) (X%) and Japan (X%).

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the largest pen or pencil sets importing markets in Eastern Asia were Hong Kong SAR ($X), South Korea ($X) and China ($X), together accounting for X% of total imports.

In terms of the main importing countries, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, declining by X% against the previous year. Over the period under review, the import price showed a perceptible descent. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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