Drawing Board Market

The global market for slates and boards with writing or drawing surfaces is expected to see growth in both volume and value from 2022 to 2030, with a forecasted CAGR of +3.1% and +5.4%, respectively. Countries like China, the United States, and India are the top consumers in terms of volume, with Turkey showing the highest growth rate in market size. The United States dominates in terms of imports, with a CAGR of +9.2%, while China leads in exports, making up 67% of global exports. Prices for these products vary across countries, with Germany having the highest export price at $4.8 per unit.

Market Forecast

Driven by increasing demand for slates and boards with writing or drawing surfaces worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +3.1% for the period from 2022 to 2030, which is projected to bring the market volume to 560M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +5.4% for the period from 2022 to 2030, which is projected to bring the market value to $2.2B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Slates And Boards With Writing Or Drawing Surfaces

Global drawing board consumption declined to 437M units in 2022, flattening at the previous year. The total consumption volume increased at an average annual rate of +3.1% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, global consumption attained the peak volume at 457M units in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

The global drawing board market value contracted modestly to $1.4B in 2022, reducing by -3.4% 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). Overall, the total consumption indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by +7.5% against 2020 indices. Global consumption peaked at $1.6B in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Consumption By Country

The countries with the highest volumes of consumption in 2022 were China (100M units), the United States (76M units) and India (45M units), together accounting for 51% of global consumption.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +7.3%), while consumption for the other global leaders experienced more modest paces of growth.

In value terms, the largest drawing board markets worldwide were China ($293M), Turkey ($200M) and the United States ($184M), together comprising 47% of the global market.

Turkey, with a CAGR of +7.3%, recorded the highest growth rate of market size among the main consuming countries over the period under review, while market for the other global leaders experienced more modest paces of growth.

The countries with the highest levels of drawing board per capita consumption in 2022 were the United States (226 units per 1000 persons), Canada (198 units per 1000 persons) and South Korea (151 units per 1000 persons).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the main consuming countries, was attained by the United States (with a CAGR of +6.6%), while consumption for the other global leaders experienced more modest paces of growth.

Production

World Production of Slates And Boards With Writing Or Drawing Surfaces

In 2022, production of slates and boards with writing or drawing surfaces decreased by -1.3% to 436M units, falling for the third consecutive year after three years of growth. The total output volume increased at an average annual rate of +2.2% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 22% against the previous year. Global production peaked at 490M units in 2019; however, from 2020 to 2022, production failed to regain momentum.

In value terms, drawing board production shrank to $1.6B in 2022 estimated in export price. In general, the total production indicated noticeable growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -14.1% against 2019 indices. The most prominent rate of growth was recorded in 2019 with an increase of 32% against the previous year. As a result, production reached the peak level of $1.9B. From 2020 to 2022, global production growth remained at a somewhat lower figure.

Production By Country

China (263M units) remains the largest drawing board producing country worldwide, accounting for 60% of total volume. Moreover, drawing board production in China exceeded the figures recorded by the second-largest producer, India (43M units), sixfold. The third position in this ranking was held by Indonesia (20M units), with a 4.5% share.

From 2012 to 2022, the average annual growth rate of volume in China stood at +3.1%. The remaining producing countries recorded the following average annual rates of production growth: India (+4.5% per year) and Indonesia (+0.6% per year).

Imports

World Imports of Slates And Boards With Writing Or Drawing Surfaces

Global drawing board imports amounted to 235M units in 2022, picking up by 2.6% compared with the year before. The total import volume increased at an average annual rate of +3.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 with an increase of 9.2%. Over the period under review, global imports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, drawing board imports expanded significantly to $701M in 2022. The total import value increased at an average annual rate of +4.1% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 16%. Global imports peaked in 2022 and are likely to continue growth in years to come.

Imports By Country

In 2022, the United States (81M units) represented the main importer of slates and boards with writing or drawing surfaces, achieving 34% of total imports. Germany (17M units) ranks second in terms of the total imports with a 7.2% share, followed by the Netherlands (5%). The following importers - the UK (9.6M units), France (9.2M units), Japan (7.1M units), Canada (6.2M units), Australia (5.2M units), Spain (4.9M units) and Italy (4.1M units) - together made up 20% of total imports.

The United States was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces imports, with a CAGR of +9.2% from 2012 to 2022. At the same time, Italy (+5.7%), Germany (+5.2%), Spain (+3.8%), the Netherlands (+3.4%), Canada (+2.5%) and France (+1.8%) displayed positive paces of growth. Japan and the UK experienced a relatively flat trend pattern. By contrast, Australia (-1.9%) illustrated a downward trend over the same period. The United States (+14 p.p.) significantly strengthened its position in terms of the global imports, while Australia and the UK saw its share reduced by -1.6% and -2.1% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($177M) constitutes the largest market for imported slates and boards with writing or drawing surfaces worldwide, comprising 25% of global imports. The second position in the ranking was taken by Germany ($62M), with an 8.8% share of global imports. It was followed by the Netherlands, with a 5.8% share.

In the United States, drawing board imports increased at an average annual rate of +5.0% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Germany (+7.0% per year) and the Netherlands (+6.5% per year).

Import Prices By Country

In 2022, the average drawing board import price amounted to $3 per unit, surging by 2.4% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of 8.1%. Over the period under review, average import prices reached the peak figure at $3.2 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was France ($4 per unit), while the United States ($2.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+7.5%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Slates And Boards With Writing Or Drawing Surfaces

In 2022, the amount of slates and boards with writing or drawing surfaces exported worldwide amounted to 234M units, with an increase of 2% against the previous year's figure. The total export volume increased at an average annual rate of +1.9% from 2012 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2017 with an increase of 28% against the previous year. Over the period under review, the global exports reached the maximum at 242M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports rose rapidly to $867M in 2022. The total export value increased at an average annual rate of +4.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 when exports increased by 11%. Over the period under review, the global exports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Exports By Country

China prevails in exports structure, finishing at 163M units, which was near 70% of total exports in 2022. It was distantly followed by the Netherlands (13M units), comprising a 5.5% share of total exports. Portugal (10M units), Poland (8.3M units), Germany (6.6M units), the United States (5.3M units) and Spain (3.7M units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of +2.3% from 2012 to 2022. At the same time, Poland (+17.0%), Spain (+8.1%), Germany (+6.9%), the Netherlands (+6.6%) and the United States (+2.4%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing exporter exported in the world, with a CAGR of +17.0% from 2012-2022. Portugal experienced a relatively flat trend pattern. While the share of Poland (+2.7 p.p.), China (+2.4 p.p.) and the Netherlands (+2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($583M) remains the largest drawing board supplier worldwide, comprising 67% of global exports. The second position in the ranking was taken by the Netherlands ($45M), with a 5.2% share of global exports. It was followed by Portugal, with a 4.9% share.

In China, drawing board exports expanded at an average annual rate of +5.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (+4.4% per year) and Portugal (+1.0% per year).

Export Prices By Country

The average drawing board export price stood at $3.7 per unit in 2022, growing by 5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.5%. The growth pace was the most rapid in 2016 an increase of 13%. The global export price peaked in 2022 and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, major exporting countries recorded the following prices: in Germany ($4.8 per unit) and Spain ($4.1 per unit), while the Netherlands ($3.5 per unit) and China ($3.6 per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+3.6%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform