India: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in India

In 2021, after six years of growth, there was decline in the Indian encased lead pencil market, when its value decreased by -1.4% to $X. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +5.8% 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 increased by +70.0% against 2014 indices. Over the period under review, the market attained the maximum level at $X in 2020, and then dropped in the following year.

Encased Lead Pencil Production in India

In value terms, encased lead pencil production contracted to $X in 2021 estimated in export price. Overall, the total production indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.9% against 2014 indices. The most prominent rate of growth was recorded in 2017 when the production volume increased by 33% against the previous year. Encased lead pencil production peaked at $X in 2020, and then dropped in the following year.

Encased Lead Pencil Exports

Exports from India

In 2021, approx. X units of pencils and crayons with leads encased in a rigid sheath were exported from India; jumping by 17% on 2020 figures. Overall, total exports indicated prominent growth from 2012 to 2021: its volume increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.0% against 2016 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 50% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, encased lead pencil exports surged to $X in 2021. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 25%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for encased lead pencil exports from India, accounting for a 47% share of total exports. Moreover, encased lead pencil exports to the United States exceeded the volume sent to the second major destination, Nepal (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total exports with an 8.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States amounted to +44.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+63.5% per year) and the United Arab Emirates (+14.2% per year).

In value terms, the United States ($X) remains the key foreign market for encased lead pencil exports from India, comprising 56% of total exports. The second position in the ranking was taken by Nepal ($X), with a 7% share of total exports. It was followed by the United Arab Emirates, with a 6.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +44.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nepal (+46.0% per year) and the United Arab Emirates (+12.7% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, picking up by 5.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2017 an increase of 29%. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Brazil ($X per unit), while the average price for exports to Nepal ($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 Iraq (+11.4%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into India

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath imported into India shrank to X units, which is down by -7.9% compared with the year before. Overall, imports saw a slight curtailment. The pace of growth was the most pronounced in 2017 when imports increased by 59% against the previous year. As a result, imports reached the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, encased lead pencil imports amounted to $X in 2021. Over the period under review, imports recorded a pronounced setback. The most prominent rate of growth was recorded in 2015 with an increase of 30% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to India, accounting for a 59% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X units), twofold. The third position in this ranking was taken by the UK (X units), with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -6.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+48.7% per year) and the UK (+35.7% per year).

In value terms, Vietnam ($X), China ($X) and South Korea ($X) were the largest encased lead pencil suppliers to India, with a combined 86% share of total imports.

Vietnam, with a CAGR of +49.4%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, increasing by 21% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 25%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+2.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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