MENA: Sliding Pencil Market 2024

Sliding Pencil Market Size in MENA

In 2021, the MENA's sliding pencil market decreased by -23.9% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption recorded a mild reduction. As a result, consumption reached the peak level of $X, and then contracted rapidly in the following year.

Sliding Pencil Production in MENA

In value terms, sliding pencil production contracted markedly to $X in 2021 estimated in export price. Overall, production, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2020 when the production volume increased by 69%. As a result, production reached the peak level of $X, and then fell notably in the following year.

Sliding Pencil Exports

Exports in MENA

After five years of decline, shipments abroad of propelling or sliding pencils increased by 60% to X units in 2021. Overall, exports, however, recorded a abrupt downturn. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, sliding pencil exports skyrocketed to $X in 2021. In general, exports, however, continue to indicate a abrupt descent. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey represented the key exporting country with an export of around X units, which recorded 58% of total exports. It was distantly followed by Iran (X units) and the United Arab Emirates (X units), together making up a 41% share of total exports.

From 2012 to 2021, average annual rates of growth with regard to sliding pencil exports from Turkey stood at -6.0%. At the same time, Iran (+64.6%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing exporter exported in MENA, with a CAGR of +64.6% from 2012-2021. By contrast, the United Arab Emirates (-12.5%) illustrated a downward trend over the same period. Iran (+26 p.p.) and Turkey (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while the United Arab Emirates saw its share reduced by -12.2% from 2012 to 2021, respectively.

In value terms, Turkey ($X) remains the largest sliding pencil supplier in MENA, comprising 84% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 12% share of total exports.

In Turkey, sliding pencil exports expanded at an average annual rate of +2.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (-18.4% per year) and Iran (-0.4% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per unit, dropping by -13.1% against the previous year. Over the period under review, the export price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 when the export price increased by 30% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while Iran (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+9.4%), while the other leaders experienced a decline in the export price figures.

Sliding Pencil Imports

Imports in MENA

For the fourth consecutive year, MENA recorded decline in purchases abroad of propelling or sliding pencils, which decreased by -43.2% to X units in 2021. Overall, imports recorded a deep contraction. The most prominent rate of growth was recorded in 2013 with an increase of 5.9% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, sliding pencil imports dropped markedly to $X in 2021. Over the period under review, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 9.7% against the previous year. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Turkey (X units) represented the largest importer of propelling or sliding pencils, achieving 60% of total imports. The United Arab Emirates (X units) held a 23% share (based on physical terms) of total imports, which put it in second place, followed by Israel (5.9%) and Iraq (5.1%). Iran (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to sliding pencil imports into Turkey stood at -8.8%. Israel (-6.2%), the United Arab Emirates (-7.8%), Iraq (-12.2%) and Iran (-23.7%) illustrated a downward trend over the same period. While the share of Turkey (+11 p.p.), the United Arab Emirates (+6.1 p.p.) and Israel (+2.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Iran (-9.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported propelling or sliding pencils in MENA, comprising 56% of total imports. The second position in the ranking was taken by Israel ($X), with a 13% share of total imports. It was followed by the United Arab Emirates, with a 13% share.

In Turkey, sliding pencil imports contracted by an average annual rate of -11.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Israel (-4.0% per year) and the United Arab Emirates (-6.2% per year).

Import Prices by Country

In 2021, the import price in MENA amounted to $X per unit, picking up by 16% against the previous year. In general, the import price, however, recorded a mild reduction. Over the period under review, import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iraq (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform