Kuwait: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Kuwait

The Kuwaiti encased lead pencil market declined markedly to $X in 2021, which is down by -30% 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). Over the period under review, consumption saw a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Encased Lead Pencil Exports

Exports from Kuwait

In 2021, approx. X units of pencils and crayons with leads encased in a rigid sheath were exported from Kuwait; which is down by -48.7% on 2020 figures. Over the period under review, exports, however, saw prominent growth. The pace of growth appeared the most rapid in 2020 with an increase of 11,498%. As a result, the exports attained the peak of X units, and then shrank sharply in the following year.

In value terms, encased lead pencil exports shrank rapidly to $X in 2021. Overall, exports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 7,377%. As a result, the exports attained the peak of $X, and then dropped sharply in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for encased lead pencil exports from Kuwait, accounting for a 99.9% share of total exports. It was followed by Germany (X units), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates stood at +17.0%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for encased lead pencil exports from Kuwait, comprising 100% of total exports. The second position in the ranking was taken by Germany ($X), with less than 0.1% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at +17.1%.

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, picking up by 30% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 34%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In 2021, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Germany amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+0.1%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Kuwait

Encased lead pencil imports into Kuwait plummeted to X units in 2021, falling by -23.8% on the previous year. Over the period under review, imports saw a noticeable downturn. The most prominent rate of growth was recorded in 2013 when imports increased by 53% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports declined markedly to $X in 2021. Overall, imports saw a abrupt setback. The pace of growth was the most pronounced in 2013 with an increase of 46%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of encased lead pencil to Kuwait, with a 39% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Indonesia (X units), twofold. India (X units) ranked third in terms of total imports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.4% per year) and India (+7.7% per year).

In value terms, the largest encased lead pencil suppliers to Kuwait were China ($X), Indonesia ($X) and Germany ($X), with a combined 62% share of total imports. These countries were followed by Thailand, India, the United Arab Emirates and Taiwan (Chinese), which together accounted for a further 18%.

The United Arab Emirates, with a CAGR of +10.4%, recorded the highest growth rate of the value of imports, in terms of 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, reducing by -12% against the previous year. Over the period under review, the import price recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when the average import price increased by 27% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :