Hungary: Sliding Pencil Market 2024

Sliding Pencil Market Size in Hungary

The Hungarian sliding pencil market soared to $X in 2021, jumping by 56% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, the total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -6.7% against 2019 indices. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Sliding Pencil Exports

Exports from Hungary

Sliding pencil exports from Hungary dropped remarkably to X units in 2021, declining by -28.1% on 2020 figures. Overall, exports recorded a deep setback. The pace of growth was the most pronounced in 2018 when exports increased by 7.4% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, sliding pencil exports shrank markedly to $X in 2021. In general, exports recorded a noticeable decrease. The pace of growth appeared the most rapid in 2018 when exports increased by 30% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Croatia (X units), the Czech Republic (X units) and Romania (X units) were the main destinations of sliding pencil exports from Hungary, together accounting for 64% of total exports. These countries were followed by Russia, Slovenia, Slovakia, Italy, Poland and France, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovenia (with a CAGR of +38.7%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for sliding pencil exported from Hungary were Croatia ($X), the Czech Republic ($X) and Slovenia ($X), with a combined 72% share of total exports.

Slovenia, with a CAGR of +50.9%, saw the highest rates of growth with regard to 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 sliding pencil export price amounted to $X per unit, picking up by 16% against the previous year. Overall, the export price continues to indicate prominent growth. The most prominent rate of growth was recorded in 2020 an increase of 32%. The export price peaked in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Italy ($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 Slovakia (+18.1%), while the prices for the other major destinations experienced more modest paces of growth.

Sliding Pencil Imports

Imports into Hungary

Sliding pencil imports into Hungary surged to X units in 2021, jumping by 37% compared with 2020 figures. Overall, imports, however, showed a mild slump. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, sliding pencil imports soared to $X in 2021. The total import value increased at an average annual rate of +2.3% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of sliding pencil to Hungary, accounting for a 39% share of total imports. Moreover, sliding pencil imports from China exceeded the figures recorded by the second-largest supplier, France (X units), twofold. Slovakia (X units) ranked third in terms of total imports with a 9.9% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.1%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+42.1% per year) and Slovakia (+6.1% per year).

In value terms, France ($X) constituted the largest supplier of propelling or sliding pencils to Hungary, comprising 33% of total imports. The second position in the ranking was taken by Germany ($X), with a 16% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +54.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-9.7% per year) and China (+2.9% per year).

Import Prices by Country

The average sliding pencil import price stood at $X per unit in 2021, rising by 1.5% against the previous year. Overall, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil import price increased by +72.0% against 2015 indices. The growth pace was the most rapid in 2017 an increase of 22% against the previous year. The import price peaked in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for Spain ($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 (+15.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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