Latin America and the Caribbean: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Latin America and the Caribbean

The Latin American encased lead pencil market amounted to $X in 2021, stabilizing at the previous year. In general, consumption showed strong growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Production in Latin America and the Caribbean

In value terms, encased lead pencil production reached $X in 2021 estimated in export price. Over the period under review, production enjoyed a strong expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 70%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Encased Lead Pencil Exports

Exports in Latin America and the Caribbean

In 2021, overseas shipments of pencils and crayons with leads encased in a rigid sheath increased by 16% to X units, rising for the third year in a row after two years of decline. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when exports increased by 29%. As a result, the exports reached 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 declined modestly to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 36%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Brazil was the main exporting country with an export of around X units, which accounted for 65% of total exports. It was distantly followed by Mexico (X units), comprising a 32% share of total exports.

Exports from Brazil increased at an average annual rate of +1.5% from 2012 to 2021. At the same time, Mexico (+3.2%) displayed positive paces of growth. Moreover, Mexico emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +3.2% from 2012-2021. From 2012 to 2021, the share of Mexico and Brazil increased by +5.9 and +3.6 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X) remains the largest encased lead pencil supplier in Latin America and the Caribbean, comprising 69% of total exports. The second position in the ranking was taken by Mexico ($X), with a 28% share of total exports.

In Brazil, encased lead pencil exports increased at an average annual rate of +1.2% over the period from 2012-2021.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, shrinking by -16.9% against the previous year. Over the period under review, the export price saw a mild curtailment. The most prominent rate of growth was recorded in 2017 an increase of 7.2% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably amongst the major exporting countries. In 2021, the country with the highest price was Brazil ($X per unit), while Mexico totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-0.3%).

Encased Lead Pencil Imports

Imports in Latin America and the Caribbean

In 2021, purchases abroad of pencils and crayons with leads encased in a rigid sheath decreased by -24% to X units, falling for the fourth consecutive year after two years of growth. In general, imports saw a abrupt slump. The growth pace was the most rapid in 2017 when imports increased by 19%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports failed to regain momentum.

In value terms, encased lead pencil imports fell notably to $X in 2021. Over the period under review, imports recorded a deep slump. The pace of growth was the most pronounced in 2014 with an increase of 12% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The purchases of the eight major importers of pencils and crayons with leads encased in a rigid sheath, namely Brazil, Chile, Argentina, Colombia, Bolivia, Peru, Mexico and Guatemala, represented more than two-thirds of total import. Panama (X units), Nicaragua (X units), Ecuador (X units), Honduras (X units) and El Salvador (X units) took a relatively small share of total imports.

From 2012 to 2021, the biggest increases were in Bolivia (with a CAGR of +7.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Colombia ($X), Brazil ($X) and Chile ($X) constituted the countries with the highest levels of imports in 2021, with a combined 36% share of total imports. These countries were followed by Mexico, Argentina, Peru, Guatemala, Ecuador, Bolivia, Nicaragua, Panama, Honduras and El Salvador, which together accounted for a further 53%.

Nicaragua, with a CAGR of +5.0%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, rising by 3.3% against the previous year. Overall, the import price, however, recorded a mild downturn. The pace of growth was the most pronounced in 2013 when the import price increased by 5.3% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Mexico ($X per unit), while Bolivia ($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 (+2.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :