GCC: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in GCC

The GCC coloured pencil lead market shrank notably to $X in 2021, which is down by -39.4% against the previous year. Over the period under review, consumption, however, saw a perceptible increase. As a result, consumption attained the peak level of $X, and then plummeted in the following year.

Coloured Pencil Lead Production in GCC

In value terms, coloured pencil lead production shrank to $X in 2021 estimated in export price. Overall, production, however, recorded moderate growth. The most prominent rate of growth was recorded in 2014 with an increase of 4,801% against the previous year. The level of production peaked at $X in 2017; however, from 2018 to 2021, production remained at a lower figure.

Coloured Pencil Lead Exports

Exports in GCC

After three years of decline, shipments abroad of black or coloured pencil leads increased by 107% to X units in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 402%. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, coloured pencil lead exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a abrupt decline. The growth pace was the most rapid in 2017 with an increase of 453% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates dominates exports structure, amounting to X units, which was approx. 97% of total exports in 2021. Oman (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coloured pencil lead exports from the United Arab Emirates stood at -1.2%. At the same time, Oman (+30.2%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +30.2% from 2012-2021. Oman (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -2.7% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X) remains the largest coloured pencil lead supplier in GCC, comprising 84% of total exports. The second position in the ranking was taken by Oman ($X), with a 3.4% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates stood at -8.1%.

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, with an increase of 3.6% against the previous year. Over the period under review, the export price, however, recorded a deep reduction. The pace of growth appeared the most rapid in 2020 when the export price increased by 38% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Oman ($X per unit), while the United Arab Emirates amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (-4.1%).

Coloured Pencil Lead Imports

Imports in GCC

In 2021, approx. X units of black or coloured pencil leads were imported in GCC; waning by -10.1% compared with the year before. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 with an increase of 34%. As a result, imports reached the peak of X units, and then reduced in the following year.

In value terms, coloured pencil lead imports dropped dramatically to $X in 2021. Overall, imports showed a abrupt decline. The growth pace was the most rapid in 2016 when imports increased by 401% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of black or coloured pencil leads in GCC, with the volume of imports resulting at X units, which was approx. 77% of total imports in 2021. Oman (X units) took the second position in the ranking, distantly followed by Qatar (X units). All these countries together took approx. 19% share of total imports. The following importers - Bahrain (X units) and Kuwait (X units) - each resulted at a 4% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the black or coloured pencil leads imports, with a CAGR of +4.0% from 2012 to 2021. Bahrain (-4.0%), Kuwait (-6.4%), Qatar (-7.8%) and Oman (-7.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +23 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported black or coloured pencil leads in GCC, comprising 84% of total imports. The second position in the ranking was taken by Oman ($X), with a 5.7% share of total imports. It was followed by Qatar, with a 4.9% share.

In the United Arab Emirates, coloured pencil lead imports declined by an average annual rate of -2.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Oman (-4.8% per year) and Qatar (-9.9% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, declining by -12.5% against the previous year. Over the period under review, the import price saw a deep reduction. The growth pace was the most rapid in 2016 an increase of 284% against the previous year. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+3.3%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform