Africa: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Africa

After five years of growth, the African encased lead pencil market decreased by -3% to $X in 2021. In general, consumption showed a resilient expansion. Over the period under review, the market hit record highs at $X in 2020, and then fell slightly in the following year.

Encased Lead Pencil Production in Africa

In value terms, encased lead pencil production dropped slightly to $X in 2021 estimated in export price. In general, production enjoyed strong growth. The growth pace was the most rapid in 2017 when the production volume increased by 102% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped in the following year.

Encased Lead Pencil Exports

Exports in Africa

After two years of decline, shipments abroad of pencils and crayons with leads encased in a rigid sheath increased by 41% to X units in 2021. In general, exports posted moderate growth. The pace of growth was the most pronounced in 2018 when exports increased by 79% against the previous year. As a result, the exports reached the peak of X units. From 2019 to 2021, the growth of the exports remained at a lower figure.

In value terms, encased lead pencil exports soared to $X in 2021. Over the period under review, exports recorded a strong expansion. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

In 2021, South Africa (X units) represented the major exporter of pencils and crayons with leads encased in a rigid sheath, achieving 58% of total exports. It was distantly followed by Egypt (X units), comprising a 36% share of total exports. Rwanda (X units) held a little share of total exports.

From 2012 to 2021, the biggest increases were in Rwanda (with a CAGR of +60.6%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, the largest encased lead pencil supplying countries in Africa were Egypt ($X), South Africa ($X) and Rwanda ($X), together accounting for 94% of total exports.

Egypt, with a CAGR of +50.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Africa stood at $X per unit in 2021, rising by 43% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably country of origin: the country with the highest price was Egypt ($X per unit), while Rwanda ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Egypt (+0.7%), while the other leaders experienced a decline in the export price figures.

Encased Lead Pencil Imports

Imports in Africa

Encased lead pencil imports skyrocketed to X units in 2021, jumping by 17% compared with 2020. The total import volume increased at an average annual rate of +1.1% from 2012 to 2021; 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 26% against the previous year. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2018 with an increase of 25% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Africa (X units) and Nigeria (X units) represented the largest importers of pencils and crayons with leads encased in a rigid sheath in Africa, together creating 35% of total imports. Algeria (X units) took the next position in the ranking, followed by Kenya (X units), Ghana (X units), Tanzania (X units) and Botswana (X units). All these countries together held near 32% share of total imports. The following importers - Morocco (X units), Cote d'Ivoire (X units), Tunisia (X units), Egypt (X units), Angola (X units) and Togo (X units) - together made up 15% of total imports.

From 2012 to 2021, the biggest increases were in Cote d'Ivoire (with a CAGR of +31.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) constitutes the largest market for imported pencils and crayons with leads encased in a rigid sheath in Africa, comprising 22% of total imports. The second position in the ranking was held by Kenya ($X), with a 10% share of total imports. It was followed by Algeria, with a 9.7% share.

In South Africa, encased lead pencil imports shrank by an average annual rate of -5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Kenya (+5.3% per year) and Algeria (+18.4% per year).

Import Prices by Country

The import price in Africa stood at $X per unit in 2021, shrinking by -6.2% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the import price increased by 25%. As a result, import price attained the peak level of $X per unit. From 2014 to 2021, the import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Tunisia ($X per unit), while Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nigeria (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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