Belarus: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Belarus

In 2022, the Belarusian pen or pencil sets market decreased by -11.2% to $X for the first time since 2018, thus ending a three-year rising trend. Over the period under review, consumption continues to indicate a deep contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Production of Pen Or Pencil Sets in Belarus

In value terms, pen or pencil sets production expanded modestly to $X in 2022 estimated in export price. In general, production, however, recorded a deep setback. The pace of growth was the most pronounced in 2019 when the production volume increased by 34%. Pen or pencil sets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports from Belarus

In 2022, shipments abroad of pen or pencil sets increased by 2% to X units, rising for the second consecutive year after three years of decline. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 17,380%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, pen or pencil sets exports dropped to $X in 2022. Over the period under review, exports recorded a significant expansion. The growth pace was the most rapid in 2014 when exports increased by 4,078%. Over the period under review, the exports hit record highs at $X in 2021, and then reduced in the following year.

Exports by Country

Russia (X units) was the main destination for pen or pencil sets exports from Belarus, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Russia amounted to +45.8%.

In value terms, Russia ($X) also remains the key foreign market for pen or pencil sets exports from Belarus.

From 2012 to 2022, the average annual growth rate of value to Russia totaled +41.8%.

Export Prices by Country

In 2022, the average pen or pencil sets export price amounted to $X per unit, falling by -10% against the previous year. Overall, the export price saw a perceptible curtailment. The most prominent rate of growth was recorded in 2013 an increase of 83% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2022, the rate of growth in terms of prices for Russia amounted to -2.8% per year.

Imports of Pen Or Pencil Sets

Imports into Belarus

In 2022, pen or pencil sets imports into Belarus declined sharply to X units, which is down by -22.9% compared with the previous year's figure. Overall, total imports indicated a slight expansion from 2012 to 2022: its volume increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +26.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 64% against the previous year. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, pen or pencil sets imports totaled $X in 2022. In general, total imports indicated a temperate expansion from 2012 to 2022: its value increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +34.2% against 2020 indices. The most prominent rate of growth was recorded in 2017 when imports increased by 36%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pen or pencil sets to Belarus, accounting for a 79% share of total imports. Moreover, pen or pencil sets imports from China exceeded the figures recorded by the second-largest supplier, Russia (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+8.1% per year) and Italy (-7.9% per year).

In value terms, China ($X) constituted the largest supplier of pen or pencil sets to Belarus, comprising 65% of total imports. The second position in the ranking was taken by Russia ($X), with a 20% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Russia (+2.4% per year) and Italy (-4.0% per year).

Import Prices by Country

In 2022, the average pen or pencil sets import price amounted to $X per unit, with an increase of 30% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+4.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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