Bulgaria: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Bulgaria

In 2021, after two years of decline, there was growth in the Bulgarian encased lead pencil market, when its value increased by 3.2% to $X. The market value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Encased Lead Pencil Exports

Exports from Bulgaria

After three years of decline, shipments abroad of pencils and crayons with leads encased in a rigid sheath increased by 37% to X units in 2021. Overall, exports recorded resilient growth. The pace of growth was the most pronounced in 2014 with an increase of 755% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports skyrocketed to $X in 2021. In general, exports recorded a prominent expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,057%. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Georgia (X units), the UK (X units) and Hungary (X units) were the main destinations of encased lead pencil exports from Bulgaria, together comprising 78% of total exports.

From 2012 to 2021, the biggest increases were in the UK (with a CAGR of +180.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for encased lead pencil exported from Bulgaria were the UK ($X), Hungary ($X) and Greece ($X), together accounting for 71% of total exports.

The UK, with a CAGR of +207.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, with a decrease of -1.8% against the previous year. Overall, export price indicated a temperate increase from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, encased lead pencil export price decreased by -8.7% against 2019 indices. The growth pace was the most rapid in 2016 when the average export price increased by 67% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Hungary ($X per unit), while the average price for exports to Italy ($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 the Czech Republic (+51.7%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Bulgaria

In 2021, purchases abroad of pencils and crayons with leads encased in a rigid sheath decreased by -3.2% to X units, falling for the third year in a row after three years of growth. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 30%. 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 skyrocketed to $X in 2021. Over the period under review, imports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 68% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and France (X units) were the main suppliers of encased lead pencil imports to Bulgaria, with a combined 83% share of total imports. Greece, the Czech Republic, Spain and Turkey lagged somewhat behind, together comprising a further 9.4%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Greece (with a CAGR of +25.6%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), China ($X) and France ($X) were the largest encased lead pencil suppliers to Bulgaria, with a combined 66% share of total imports. These countries were followed by the Czech Republic, Greece, Spain and Turkey, which together accounted for a further 15%.

Greece, with a CAGR of +37.3%, 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

In 2021, the average encased lead pencil import price amounted to $X per unit, surging by 31% against the previous year. In general, import price indicated a prominent increase from 2012 to 2021: its price increased at an average annual rate of +6.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, encased lead pencil import price increased by +69.6% against 2019 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+11.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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