Bangladesh: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Bangladesh

The Bangladeshi encased lead pencil market skyrocketed to $X in 2021, increasing by 35% 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, recorded a relatively flat trend pattern. Encased lead pencil consumption peaked at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Exports

Exports from Bangladesh

For the sixth consecutive year, Bangladesh recorded growth in overseas shipments of pencils and crayons with leads encased in a rigid sheath, which increased by 65% to X units in 2021. In general, exports, however, recorded a deep slump. The pace of growth appeared the most rapid in 2020 with an increase of 189% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, encased lead pencil exports skyrocketed to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt contraction. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates (X units) was the main destination for encased lead pencil exports from Bangladesh, accounting for a 93% share of total exports. It was followed by Slovakia (X units), with a 2.5% share of total exports. The third position in this ranking was taken by Poland (X units), with a 0.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +67.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+19.0% per year) and Poland (-58.0% per year).

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for encased lead pencil exports from Bangladesh, comprising 73% of total exports. The second position in the ranking was held by Slovakia ($X), with a 5% share of total exports. It was followed by Poland, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates amounted to +59.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+23.8% per year) and Poland (-47.9% per year).

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, with an increase of 55% against the previous year. Overall, the export price, however, recorded a pronounced shrinkage. Over the period under review, the average export prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Germany ($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 Poland (+24.1%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Bangladesh

In 2021, imports of pencils and crayons with leads encased in a rigid sheath into Bangladesh soared to X units, increasing by 21% on 2020 figures. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 29% against the previous year. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, encased lead pencil imports soared to $X in 2021. Over the period under review, imports showed a relatively flat trend pattern. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Bangladesh, accounting for a 69% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +9.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-8.8% per year) and Indonesia (-15.9% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Bangladesh, comprising 70% of total imports. The second position in the ranking was taken by India ($X), with a 20% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +7.8%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-5.5% per year) and Indonesia (-14.3% per year).

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, increasing by 15% against the previous year. Overall, the import price saw a relatively flat trend pattern. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Indonesia ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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