Luxembourg: Sliding Pencil Market 2024

Sliding Pencil Market Size in Luxembourg

In 2021, the Luxembourg sliding pencil market decreased by -10.3% to $X, falling for the second year in a row after four years of growth. In general, the total consumption indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -38.7% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2021, the growth of the market failed to regain momentum.

Sliding Pencil Exports

Exports from Luxembourg

In 2021, approx. X units of propelling or sliding pencils were exported from Luxembourg; increasing by 9.6% compared with 2020 figures. Overall, exports posted resilient growth. The pace of growth appeared the most rapid in 2015 with an increase of 90%. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, sliding pencil exports rose rapidly to $X in 2021. Over the period under review, exports posted strong growth. The pace of growth was the most pronounced in 2015 with an increase of 111%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

France (X units) was the main destination for sliding pencil exports from Luxembourg, with a 73% share of total exports. Moreover, sliding pencil exports to France exceeded the volume sent to the second major destination, Belgium (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to France totaled +10.6%.

In value terms, the largest markets for sliding pencil exported from Luxembourg were France ($X) and Belgium ($X).

Belgium, with a CAGR of +34.2%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review.

Export Prices by Country

The average sliding pencil export price stood at $X per unit in 2021, rising by 4.6% against the previous year. In general, export price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil export price decreased by -28.0% against 2018 indices. The pace of growth appeared the most rapid in 2018 an increase of 74% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Belgium ($X per unit), while the average price for exports to France totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+3.7%).

Sliding Pencil Imports

Imports into Luxembourg

In 2021, the amount of propelling or sliding pencils imported into Luxembourg reduced to X units, waning by -13% against 2020 figures. Overall, imports, however, recorded a moderate expansion. The pace of growth was the most pronounced in 2019 with an increase of 75%. As a result, imports attained the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, sliding pencil imports declined to $X in 2021. In general, imports, however, continue to indicate a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of 58% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of sliding pencil to Luxembourg, with a 60% share of total imports. Moreover, sliding pencil imports from Belgium exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was taken by Germany (X units), with a 9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium totaled +6.9%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-1.6% per year) and Germany (+6.6% per year).

In value terms, the largest sliding pencil suppliers to Luxembourg were Belgium ($X), Germany ($X) and France ($X), together comprising 85% of total imports. The Netherlands lagged somewhat behind, comprising a further 4.9%.

Among the main suppliers, the Netherlands, with a CAGR of +21.1%, 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

The average sliding pencil import price stood at $X per unit in 2021, increasing by 9.1% against the previous year. Over the period under review, import price indicated a measured expansion from 2012 to 2021: its price increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, sliding pencil import price increased by +31.6% against 2019 indices. The most prominent rate of growth was recorded in 2013 an increase of 39% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :