GCC: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in GCC

The GCC encased lead pencil market contracted to $X in 2021, declining by -8.3% against the previous year. In general, consumption, however, enjoyed prominent growth. The level of consumption peaked at $X in 2020, and then declined in the following year.

Encased Lead Pencil Production in GCC

In value terms, encased lead pencil production shrank to $X in 2021 estimated in export price. In general, production, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 115%. Over the period under review, production hit record highs at $X in 2020, and then reduced in the following year.

Encased Lead Pencil Exports

Exports in GCC

After two years of decline, overseas shipments of pencils and crayons with leads encased in a rigid sheath increased by 8.7% to X units in 2021. Over the period under review, exports continue to indicate strong growth. The most prominent rate of growth was recorded in 2017 with an increase of 103%. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports plummeted to $X in 2021. Overall, exports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 with an increase of 413%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, recording X units, which was approx. 93% of total exports in 2021. Saudi Arabia (X units) and Oman (X units) followed a long way behind the leaders.

Exports from the United Arab Emirates increased at an average annual rate of +10.0% from 2012 to 2021. At the same time, Saudi Arabia (+26.5%) and Oman (+5.0%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in GCC, with a CAGR of +26.5% from 2012-2021. From 2012 to 2021, the share of Saudi Arabia increased by +2.9 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest encased lead pencil supplier in GCC, comprising 84% of total exports. The second position in the ranking was held by Saudi Arabia ($X), with a 13% 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 +5.1%. In the other countries, the average annual rates were as follows: Saudi Arabia (+42.0% per year) and Oman (+0.4% per year).

Export Prices by Country

In 2021, the export price in GCC amounted to $X per unit, with a decrease of -38.8% against the previous year. Overall, the export price showed a perceptible downturn. The pace of growth was the most pronounced in 2017 when the export price increased by 152% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2020, and then reduced remarkably in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.3%), while the other leaders experienced a decline in the export price figures.

Encased Lead Pencil Imports

Imports in GCC

In 2021, purchases abroad of pencils and crayons with leads encased in a rigid sheath decreased by -14.7% to X units, falling for the second consecutive year after three years of growth. Total imports indicated a noticeable increase from 2012 to 2021: its volume increased at an average annual rate of +2.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -42.3% against 2019 indices. The growth pace was the most rapid in 2017 with an increase of 31%. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports shrank sharply to $X in 2021. In general, imports showed a abrupt descent. The pace of growth was the most pronounced in 2017 with an increase of 33%. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Qatar (X units) dominates imports structure, together constituting 94% of total imports. Kuwait (X units) and Oman (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were in Qatar (with a CAGR of +12.9%), while purchases for the other leaders experienced mixed trends in the imports figures.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pencils and crayons with leads encased in a rigid sheath in GCC, comprising 70% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 6.3% share of total imports. It was followed by Qatar, with a 4.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled -2.1%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (-5.0% per year) and Qatar (-2.3% per year).

Import Prices by Country

In 2021, the import price in GCC amounted to $X per unit, dropping by -14.7% against the previous year. Overall, the import price faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 an increase of 15% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Kuwait ($X per unit), while Qatar ($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 (+1.1%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform