Latin America and the Caribbean: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Latin America and the Caribbean

The Latin American pen or pencil sets market dropped modestly to $X in 2022, approximately reflecting the previous year. In general, consumption showed a abrupt contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in Latin America and the Caribbean

In value terms, pen or pencil sets production fell slightly to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt slump. The growth pace was the most rapid in 2015 with an increase of 16%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pen Or Pencil Sets

Exports in Latin America and the Caribbean

In 2022, the amount of pen or pencil sets exported in Latin America and the Caribbean surged to X units, rising by 17% compared with the year before. Overall, exports, however, continue to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2017 with an increase of 151%. As a result, the exports reached the peak of X units. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pen or pencil sets exports rose markedly to $X in 2022. In general, exports, however, showed a perceptible curtailment. The pace of growth was the most pronounced in 2017 with an increase of 249% against the previous year. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico represented the major exporter of pen or pencil sets in Latin America and the Caribbean, with the volume of exports amounting to X units, which was approx. 70% of total exports in 2022. It was distantly followed by Brazil (X units), mixing up a 21% share of total exports. Argentina (X units) took a minor share of total exports.

Exports from Mexico decreased at an average annual rate of -2.8% from 2012 to 2022. At the same time, Argentina (+50.3%) and Brazil (+20.9%) displayed positive paces of growth. Moreover, Argentina emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +50.3% from 2012-2022. While the share of Brazil (+19 p.p.), Mexico (+14 p.p.) and Argentina (+4.2 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) remains the largest pen or pencil sets supplier in Latin America and the Caribbean, comprising 86% of total exports. The second position in the ranking was held by Brazil ($X), with a 9.8% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Mexico totaled -1.5%. In the other countries, the average annual rates were as follows: Brazil (+15.8% per year) and Argentina (+36.6% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, declining by -10.3% against the previous year. Export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pen or pencil sets export price decreased by -43.6% against 2017 indices. The most prominent rate of growth was recorded in 2017 an increase of 39% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2018 to 2022, 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 Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+1.3%), while the other leaders experienced a decline in the export price figures.

Imports of Pen Or Pencil Sets

Imports in Latin America and the Caribbean

In 2022, the amount of pen or pencil sets imported in Latin America and the Caribbean contracted to X units, declining by -9% compared with the year before. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 74%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, pen or pencil sets imports rose sharply to $X in 2022. Over the period under review, imports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 47%. The level of import peaked at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Argentina (X units) and Chile (X units) represented roughly 53% of total imports in 2022. Colombia (X units) held a 9.7% share (based on physical terms) of total imports, which put it in second place, followed by Mexico (8.5%) and Paraguay (5.8%). Honduras (X units), Nicaragua (X units), Bolivia (X units), Uruguay (X units) and Guatemala (X units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Bolivia (with a CAGR of +15.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) constitutes the largest market for imported pen or pencil sets in Latin America and the Caribbean, comprising 43% of total imports. The second position in the ranking was taken by Mexico ($X), with a 15% share of total imports. It was followed by Colombia, with a 9.3% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile stood at -5.9%. In the other countries, the average annual rates were as follows: Mexico (-5.6% per year) and Colombia (-5.3% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of 21% against the previous year. Import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 an increase of 58% against the previous year. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Paraguay (+9.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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