Denmark: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Denmark

After five years of growth, the Danish encased lead pencil market decreased by -8.7% to $X in 2021. Overall, consumption, however, recorded a strong expansion. Encased lead pencil consumption peaked at $X in 2020, and then fell in the following year.

Encased Lead Pencil Production in Denmark

In value terms, encased lead pencil production declined to $X in 2021 estimated in export price. Overall, production, however, enjoyed buoyant growth. The growth pace was the most rapid in 2014 when the production volume increased by 465%. Encased lead pencil production peaked at $X in 2020, and then dropped in the following year.

Encased Lead Pencil Exports

Exports from Denmark

Encased lead pencil exports from Denmark soared to X units in 2021, jumping by 36% against 2020. In general, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2017 when exports increased by 50%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, encased lead pencil exports soared to $X in 2021. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2019 with an increase of 117%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Sweden (X units), Germany (X units) and Poland (X units) were the main destinations of encased lead pencil exports from Denmark, with a combined 84% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +58.0%), while the other leaders experienced more modest paces of growth.

In value terms, Sweden ($X), Germany ($X) and Norway ($X) constituted the largest markets for encased lead pencil exported from Denmark worldwide, with a combined 67% share of total exports.

Germany, with a CAGR of +52.5%, recorded the highest growth rate of 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

In 2021, the average encased lead pencil export price amounted to $X per unit, reducing by -13.5% against the previous year. Overall, export price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.1% 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 -21.6% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 86%. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average 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 the UK ($X per unit), while the average price for exports to Germany ($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 the UK (+38.0%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Denmark

In 2021, overseas purchases of pencils and crayons with leads encased in a rigid sheath decreased by -37% to X units, falling for the second year in a row after eight years of growth. In general, imports, however, posted buoyant growth. The growth pace was the most rapid in 2018 with an increase of 95% against the previous year. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports reached $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -4.4% against 2019 indices. The pace of growth was the most pronounced in 2016 with an increase of 46%. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) was the main supplier of encased lead pencil to Denmark, with a 95% share of total imports. It was followed by China (X units), with a 2.2% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany stood at +39.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.1% per year) and the UK (-10.9% per year).

In value terms, Germany ($X) constituted the largest supplier of encased lead pencil to Denmark, comprising 62% of total imports. The second position in the ranking was taken by China ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Germany totaled +21.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-3.1% per year) and the UK (+9.8% per year).

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, growing by 63% against the previous year. Over the period under review, the import price, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2020 an increase of 64%. 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 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 China ($X per unit), while the price for Germany ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+23.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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