Luxembourg: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Luxembourg

The Luxembourg coloured pencil lead market soared to $X in 2021, jumping by 16% 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). In general, consumption posted strong growth. Over the period under review, the market reached the maximum level in 2021 and is likely to continue growth in the near future.

Coloured Pencil Lead Exports

Exports from Luxembourg

In 2021, shipments abroad of black or coloured pencil leads decreased by -2.4% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, exports showed a deep setback. The growth pace was the most rapid in 2019 when exports increased by 82%. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, coloured pencil lead exports skyrocketed to $X in 2021. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2016 with an increase of 59%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Belgium (X units) was the main destination for coloured pencil lead exports from Luxembourg, accounting for a 56% share of total exports. Moreover, coloured pencil lead exports to Belgium exceeded the volume sent to the second major destination, France (X units), threefold. Germany (X units) ranked third in terms of total exports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Belgium totaled -9.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-19.4% per year) and Germany (+22.0% per year).

In value terms, France ($X) remains the key foreign market for black or coloured pencil leads exports from Luxembourg, comprising 68% of total exports. The second position in the ranking was taken by Belgium ($X), with a 28% share of total exports. It was followed by Italy, with a 1.6% share.

From 2012 to 2021, the average annual growth rate of value to France amounted to -5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (-6.1% per year) and Italy (0.0% per year).

Export Prices by Country

In 2021, the average coloured pencil lead export price amounted to $X per unit, with an increase of 26% against the previous year. In general, the export price enjoyed a prominent increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 53%. The export price peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Germany ($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 France (+17.8%), while the prices for the other major destinations experienced more modest paces of growth.

Coloured Pencil Lead Imports

Imports into Luxembourg

In 2021, coloured pencil lead imports into Luxembourg surged to X units, with an increase of 20% compared with the year before. In general, imports posted resilient growth. The pace of growth appeared the most rapid in 2016 when imports increased by 81% against the previous year. As a result, imports reached the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, coloured pencil lead imports expanded significantly to $X in 2021. Overall, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 43% against the previous year. Imports peaked in 2021 and are expected to retain growth in the near future.

Imports by Country

In 2021, Belgium (X units) constituted the largest coloured pencil lead supplier to Luxembourg, accounting for a 71% share of total imports. Moreover, coloured pencil lead imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), fourfold. The third position in this ranking was held by Italy (X units), with a 3.2% share.

From 2012 to 2021, the average annual growth rate of volume from Belgium stood at +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+8.8% per year) and Italy (+55.6% per year).

In value terms, Belgium ($X), Germany ($X) and France ($X) appeared to be the largest coloured pencil lead suppliers to Luxembourg, together accounting for 87% of total imports. These countries were followed by Spain, Italy and China, which together accounted for a further 3.8%.

Among the main suppliers, Spain, with a CAGR of +71.7%, saw the highest rates of growth with regard to the value of imports, 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 coloured pencil lead import price amounted to $X per unit, waning by -6.8% against the previous year. Over the period under review, the import price recorded a pronounced descent. The pace of growth appeared the most rapid in 2019 an increase of 82% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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