Azerbaijan: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Azerbaijan

In 2021, the Azerbaijani encased lead pencil market decreased by -47.8% to $X, falling for the third consecutive year after three years of growth. In general, consumption, however, recorded significant growth. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Exports

Exports from Azerbaijan

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath exported from Azerbaijan fell notably to X units, waning by -29.4% against the previous year. Over the period under review, exports continue to indicate a sharp contraction. The growth pace was the most rapid in 2017 when exports increased by 86%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, encased lead pencil exports declined notably to $X in 2021. In general, exports faced a significant contraction. The most prominent rate of growth was recorded in 2017 when exports increased by 99% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X units) was the main destination for encased lead pencil exports from Azerbaijan, accounting for a 42% share of total exports. Moreover, encased lead pencil exports to Georgia exceeded the volume sent to the second major destination, Kazakhstan (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 17% share.

From 2012 to 2021, the average annual growth rate of volume to Georgia totaled -28.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kazakhstan (-17.3% per year) and the United Arab Emirates (-26.3% per year).

In value terms, Georgia ($X) remains the key foreign market for encased lead pencil exports from Azerbaijan, comprising 57% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with an 18% share of total exports. It was followed by Hungary, with an 18% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Georgia stood at -33.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-38.4% per year) and Hungary (0.0% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, with a decrease of -2.8% against the previous year. Overall, the export price saw a deep slump. The most prominent rate of growth was recorded in 2016 an increase of 15%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Georgia ($X per unit), while the average price for exports to Kazakhstan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Georgia (-6.4%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Azerbaijan

In 2021, overseas purchases of pencils and crayons with leads encased in a rigid sheath decreased by -47.6% to X units, falling for the third consecutive year after three years of growth. In general, imports, however, recorded a significant increase. The pace of growth was the most pronounced in 2016 with an increase of 9,920% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports dropped dramatically to $X in 2021. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 4,212%. 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, China (X units) constituted the largest encased lead pencil supplier to Azerbaijan, accounting for a 77% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), sevenfold. Hong Kong SAR (X units) ranked third in terms of total imports with a 5.3% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +106.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+45.9% per year) and Hong Kong SAR (+85.7% per year).

In value terms, China ($X), Vietnam ($X) and Hong Kong SAR ($X) constituted the largest encased lead pencil suppliers to Azerbaijan, with a combined 82% share of total imports.

China, with a CAGR of +76.6%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, dropping by -2.3% against the previous year. Overall, the import price continues to indicate a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 28%. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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