Vietnam: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Vietnam

The Vietnamese encased lead pencil market expanded to $X in 2022, rising by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Encased lead pencil consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Encased Lead Pencil Production in Vietnam

In value terms, encased lead pencil production amounted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Encased lead pencil production peaked at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Encased Lead Pencil Exports

Exports from Vietnam

In 2022, shipments abroad of pencils and crayons with leads encased in a rigid sheath increased by X% to X units, rising for the fourth year in a row after two years of decline. In general, exports recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The exports peaked at X units in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, encased lead pencil exports skyrocketed to $X in 2022. Overall, total exports indicated a prominent increase from 2012 to 2022: its value 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. The growth pace was the most rapid in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units), Mexico (X units) and Japan (X units) were the main destinations of encased lead pencil exports from Vietnam, together accounting for X% of total exports. Saudi Arabia, China, Brazil, Hong Kong SAR and India lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for encased lead pencil exported from Vietnam were the United States ($X), Mexico ($X) and Japan ($X), together comprising X% of total exports. Saudi Arabia, China, Brazil, Hong Kong SAR and India lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Saudi Arabia, with a CAGR of X%, recorded 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

In 2022, the average encased lead pencil export price amounted to $X per unit, reducing by X% against the previous year. In general, the export price showed a slight decline. The most prominent rate of growth was recorded in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Mexico ($X per unit) and the United States ($X per unit), while the average price for exports to India ($X per unit) and Japan ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (X%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Vietnam

In 2022, supplies from abroad of pencils and crayons with leads encased in a rigid sheath was finally on the rise to reach X units after two years of decline. Over the period under review, imports saw a remarkable increase. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports skyrocketed to $X in 2022. In general, imports showed prominent growth. The growth pace was the most rapid in 2015 with an increase of X%. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest encased lead pencil supplier to Vietnam, with a X% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Myanmar (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and the Philippines (X% per year).

In value terms, China ($X) constituted the largest supplier of pencils and crayons with leads encased in a rigid sheath to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Myanmar ($X), with a X% share of total imports. It was followed by the Philippines, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Myanmar (X% per year) and the Philippines (X% per year).

Import Prices by Country

In 2022, the average encased lead pencil import price amounted to $X per unit, surging by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Philippines ($X per unit) and Thailand ($X per unit), while the price for South Korea ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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