Luxembourg: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Luxembourg

The Luxembourg encased lead pencil market soared to $X in 2021, jumping by 32% 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). Overall, consumption continues to indicate a buoyant increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Encased Lead Pencil Exports

Exports from Luxembourg

In 2021, after two years of growth, there was significant decline in shipments abroad of pencils and crayons with leads encased in a rigid sheath, when their volume decreased by -31.6% to X units. Overall, exports showed a pronounced shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 936%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, encased lead pencil exports plummeted to $X in 2021. Over the period under review, exports saw a pronounced shrinkage. The growth pace was the most rapid in 2017 with an increase of 992%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Belgium (X units) was the main destination for encased lead pencil exports from Luxembourg, with a 92% share of total exports. Moreover, encased lead pencil exports to Belgium exceeded the volume sent to the second major destination, Germany (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Belgium stood at -2.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+34.3% per year) and France (-1.5% per year).

In value terms, Belgium ($X) remains the key foreign market for encased lead pencil exports from Luxembourg, comprising 71% of total exports. The second position in the ranking was taken by France ($X), with a 17% share of total exports.

From 2012 to 2021, the average annual growth rate of value to Belgium amounted to -3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+9.3% per year) and Germany (+17.2% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, surging by 2.3% against the previous year. Overall, the export price, however, continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 an increase of 41%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, 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 (+10.7%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Luxembourg

In 2021, imports of pencils and crayons with leads encased in a rigid sheath into Luxembourg skyrocketed to X units, growing by 35% against the year before. Over the period under review, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, encased lead pencil imports soared to $X in 2021. In general, total imports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +108.1% against 2012 indices. The growth pace was the most rapid in 2018 when imports increased by 26% against the previous year. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

Germany (X units), the Netherlands (X units) and Belgium (X units) were the main suppliers of encased lead pencil imports to Luxembourg, with a combined 88% share of total imports.

From 2012 to 2021, the biggest increases were in the Netherlands (with a CAGR of +35.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest encased lead pencil suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), with a combined 82% share of total imports. The Netherlands and China lagged somewhat behind, together accounting for a further 10%.

The Netherlands, with a CAGR of +20.3%, saw 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

The average encased lead pencil import price stood at $X per unit in 2021, waning by -7.4% against the previous year. Overall, the import price recorded a noticeable contraction. The most prominent rate of growth was recorded in 2018 when the average import price increased by 25% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per unit), while the price for the Netherlands ($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 (+1.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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