Hungary: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Hungary

The Hungarian coloured pencil lead market soared to $X in 2021, growing by 112% against the previous year. Overall, consumption saw a prominent expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Coloured Pencil Lead Production in Hungary

In value terms, coloured pencil lead production totaled $X in 2021 estimated in export price. Over the period under review, production saw a noticeable slump. The most prominent rate of growth was recorded in 2016 when the production volume increased by 33%. As a result, production reached the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Coloured Pencil Lead Exports

Exports from Hungary

In 2021, after two years of growth, there was significant decline in overseas shipments of black or coloured pencil leads, when their volume decreased by -79.6% to X units. Overall, exports, however, enjoyed a resilient expansion. The pace of growth was the most pronounced in 2020 with an increase of 369%. As a result, the exports attained the peak of X units, and then reduced sharply in the following year.

In value terms, coloured pencil lead exports dropped notably to $X in 2021. In general, exports continue to indicate a noticeable curtailment. The growth pace was the most rapid in 2020 when exports increased by 319% against the previous year. As a result, the exports attained the peak of $X, and then shrank significantly in the following year.

Exports by Country

Croatia (X units) was the main destination for coloured pencil lead exports from Hungary, accounting for a 55% share of total exports. Moreover, coloured pencil lead exports to Croatia exceeded the volume sent to the second major destination, Slovakia (X units), twofold. Slovenia (X units) ranked third in terms of total exports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Croatia totaled +49.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+41.8% per year) and Slovenia (+111.4% per year).

In value terms, Croatia ($X), Slovakia ($X) and Slovenia ($X) constituted the largest markets for coloured pencil lead exported from Hungary worldwide, with a combined 82% share of total exports.

Slovenia, with a CAGR of +93.7%, 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

The average coloured pencil lead export price stood at $X per unit in 2021, shrinking by -1.6% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2013 when the average export price increased by 4.5%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Russia ($X per unit), while the average price for exports to Serbia ($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 (+3.9%), while the prices for the other major destinations experienced a decline.

Coloured Pencil Lead Imports

Imports into Hungary

Coloured pencil lead imports into Hungary soared to X units in 2021, with an increase of 24% on the previous year. The total import volume increased at an average annual rate of +3.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 with an increase of 35%. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2021, imports remained at a lower figure.

In value terms, coloured pencil lead imports surged to $X in 2021. Overall, total imports indicated mild growth from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Croatia (X units) and Germany (X units) were the main suppliers of coloured pencil lead imports to Hungary, together comprising 81% of total imports. These countries were followed by Romania, France, Slovenia, Latvia and Japan, which together accounted for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by France (with a CAGR of +49.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest coloured pencil lead suppliers to Hungary were France ($X), China ($X) and Germany ($X), together accounting for 75% of total imports.

Among the main suppliers, France, with a CAGR of +68.3%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coloured pencil lead import price stood at $X per unit in 2021, growing by 5.2% against the previous year. In general, the import price, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2016 when the average import price increased by 24% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Croatia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovenia (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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