Latin America and the Caribbean: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Latin America and the Caribbean

The Latin American coloured pencil lead market reduced remarkably to $X in 2021, falling by -19.5% against the previous year. Overall, consumption continues to indicate a perceptible shrinkage. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Coloured Pencil Lead Production in Latin America and the Caribbean

In value terms, coloured pencil lead production declined sharply to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a dramatic decline. The most prominent rate of growth was recorded in 2019 when the production volume increased by 16,319% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Coloured Pencil Lead Exports

Exports in Latin America and the Caribbean

In 2021, the amount of black or coloured pencil leads exported in Latin America and the Caribbean dropped dramatically to X units, reducing by -36.4% on 2020 figures. In general, exports faced a sharp shrinkage. The pace of growth was the most pronounced in 2020 when exports increased by 63%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, coloured pencil lead exports fell notably to $X in 2021. Overall, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 with an increase of 16%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Mexico represented the main exporting country with an export of about X units, which recorded 79% of total exports. It was distantly followed by Brazil (X units) and Panama (X units), together comprising a 19% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to coloured pencil lead exports from Mexico stood at -20.9%. Panama (-17.8%) and Brazil (-26.8%) illustrated a downward trend over the same period. Mexico (+7.8 p.p.) and Panama (+2.1 p.p.) significantly strengthened its position in terms of the total exports, while Brazil saw its share reduced by -10.8% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest coloured pencil lead supplier in Latin America and the Caribbean, comprising 84% of total exports. The second position in the ranking was held by Brazil ($X), with a 15% share of total exports.

In Mexico, coloured pencil lead exports decreased by an average annual rate of -13.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-20.4% per year) and Panama (-30.5% per year).

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, rising by 23% against the previous year. Overall, the export price recorded a strong expansion. The pace of growth was the most pronounced in 2014 an increase of 52%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Brazil ($X per unit), while Panama ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+9.0%), while the other leaders experienced mixed trends in the export price figures.

Coloured Pencil Lead Imports

Imports in Latin America and the Caribbean

In 2021, the amount of black or coloured pencil leads imported in Latin America and the Caribbean contracted remarkably to X units, waning by -26.2% compared with the previous year. In general, imports recorded a deep reduction. The pace of growth appeared the most rapid in 2016 when imports increased by 66% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, coloured pencil lead imports shrank significantly to $X in 2021. Overall, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 when imports increased by 46%. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports failed to regain momentum.

Imports by Country

Mexico dominates imports structure, resulting at X units, which was near 73% of total imports in 2021. Chile (X units), Brazil (X units), Trinidad and Tobago (X units), Argentina (X units), Colombia (X units) and Nicaragua (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to coloured pencil lead imports into Mexico stood at -1.7%. At the same time, Trinidad and Tobago (+35.9%) and Nicaragua (+1.3%) displayed positive paces of growth. Moreover, Trinidad and Tobago emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +35.9% from 2012-2021. By contrast, Chile (-4.2%), Argentina (-10.7%), Colombia (-15.7%) and Brazil (-22.8%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico and Trinidad and Tobago increased by +35 and +2.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported black or coloured pencil leads in Latin America and the Caribbean, comprising 77% of total imports. The second position in the ranking was held by Brazil ($X), with a 4.3% share of total imports. It was followed by Chile, with a 3.8% share.

In Mexico, coloured pencil lead imports decreased by an average annual rate of -6.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Brazil (-17.1% per year) and Chile (-9.8% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, reducing by -12.6% against the previous year. In general, the import price recorded a pronounced setback. The pace of growth was the most pronounced in 2018 an increase of 17%. The level of import peaked at $X per unit in 2015; however, from 2016 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Brazil ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+7.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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