Bulgaria: Sliding Pencil Market 2024

Sliding Pencil Market Size in Bulgaria

In 2021, the Bulgarian sliding pencil market was finally on the rise to reach $X for the first time since 2014, thus ending a six-year declining trend. Over the period under review, consumption continues to indicate a abrupt decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Sliding Pencil Production in Bulgaria

In value terms, sliding pencil production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2014 with an increase of 33%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a somewhat lower figure.

Sliding Pencil Exports

Exports from Bulgaria

In 2021, the amount of propelling or sliding pencils exported from Bulgaria soared to X units, growing by 498% on 2020 figures. Overall, exports showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 813%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, sliding pencil exports skyrocketed to $X in 2021. In general, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 217% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for sliding pencil exports from Bulgaria, accounting for a 85% share of total exports. Moreover, sliding pencil exports to the UK exceeded the volume sent to the second major destination, Croatia (X units), more than tenfold. The third position in this ranking was held by the United States (X units), with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Croatia (+47.9% per year) and the United States (0.0% per year).

In value terms, the UK ($X) emerged as the key foreign market for propelling or sliding pencils exports from Bulgaria, comprising 50% of total exports. The second position in the ranking was held by the United States ($X), with a 15% share of total exports. It was followed by Croatia, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the UK was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Croatia (+56.5% per year).

Export Prices by Country

The average sliding pencil export price stood at $X per unit in 2021, shrinking by -61.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth appeared the most rapid in 2020 an increase of 94% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the UK ($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 (+45.5%), while the prices for the other major destinations experienced more modest paces of growth.

Sliding Pencil Imports

Imports into Bulgaria

In 2021, purchases abroad of propelling or sliding pencils decreased by -13.6% to X units, falling for the third year in a row after two years of growth. Overall, imports showed a perceptible reduction. The most prominent rate of growth was recorded in 2017 when imports increased by 48% against the previous year. Imports peaked at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, sliding pencil imports surged to $X in 2021. In general, imports recorded a pronounced decline. Imports peaked at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Lithuania (X units) were the main suppliers of sliding pencil imports to Bulgaria, with a combined 84% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Lithuania (with a CAGR of +54.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of propelling or sliding pencils to Bulgaria, comprising 49% of total imports. The second position in the ranking was held by France ($X), with a 15% share of total imports. It was followed by China, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -2.8%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+50.8% per year) and China (+3.1% per year).

Import Prices by Country

The average sliding pencil import price stood at $X per unit in 2021, picking up by 50% against the previous year. Over the period under review, import price indicated a notable increase from 2012 to 2021: its price increased at an average annual rate of +2.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil import price increased by +87.5% against 2018 indices. The most prominent rate of growth was recorded in 2016 when the average import price increased by 73%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+39.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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