Updated Mar 12, 2023 17:20

Drawing Chalk Market in Russia

Market Overview
In , the Russian drawing chalk market decreased by -% to $ for the first time since 2019, thus ending a two-year rising trend. Over the period under review, consumption, however, posted buoyant growth. Drawing chalk consumption peaked at $ in , and then dropped in the following year.


Consumption
After two years of growth, consumption of pastels, drawing charcoals, writing or drawing chalks decreased by -% to tons in . Over the period under review, consumption, however, showed a buoyant expansion. Drawing chalk consumption peaked at tons in , and then fell dramatically in the following year.

The revenue of the drawing chalk market in Russia declined to $ in , with a decrease of -% 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, consumption, however, continues to indicate a buoyant expansion. Drawing chalk consumption peaked at $ in , and then fell in the following year.


Market Forecast
Driven by increasing demand for pastels, drawing charcoals, writing or drawing chalks in Russia, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to tons by the end of .

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


Market Structure
Drawing chalk market in Russia consists almost entirely of imported products. In , the share of imports in total consumption accounted for % in value terms and % in physical terms. The share of imports decreased moderately ( percentage point) over the period under review.


Trade Balance
Russia remains a net importer of drawing chalk; in physical and value terms, imports consistently exceeded exports from 2007 to . In , there was a significant trade deficit of tons, which was equal to $. This tangible trade deficit reflects the fact that the market remains dependent on imports, which is likely to continue in the medium term.