Middle East: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in the Middle East

The Middle Eastern coloured pencil lead market reduced remarkably to $X in 2021, waning by -39.6% against the previous year. Over the period under review, consumption continues to indicate a deep setback. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Coloured Pencil Lead Production in the Middle East

In value terms, coloured pencil lead production declined to $X in 2021 estimated in export price. Overall, production, however, showed notable growth. The most prominent rate of growth was recorded in 2014 with an increase of 4,801% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Coloured Pencil Lead Exports

Exports in the Middle East

After three years of decline, shipments abroad of black or coloured pencil leads increased by 63% to X units in 2021. Overall, exports, however, saw a slight contraction. The pace of growth appeared the most rapid in 2017 when exports increased by 225% against the previous year. As a result, the exports attained the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, coloured pencil lead exports surged to $X in 2021. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 148%. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United Arab Emirates represented the major exporting country with an export of about X units, which resulted at 70% of total exports. It was distantly followed by Turkey (X units), mixing up a 25% share of total exports. Lebanon (X units) held a little share of total exports.

Exports from the United Arab Emirates decreased at an average annual rate of -1.2% from 2012 to 2021. At the same time, Lebanon (+30.2%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +30.2% from 2012-2021. By contrast, Turkey (-4.7%) illustrated a downward trend over the same period. The United Arab Emirates (+3.5 p.p.) and Lebanon (+1.8 p.p.) significantly strengthened its position in terms of the total exports, while Turkey saw its share reduced by -7.6% from 2012 to 2021, respectively.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Lebanon ($X) were the countries with the highest levels of exports in 2021, with a combined 89% share of total exports.

In terms of the main exporting countries, Lebanon, with a CAGR of +28.6%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, dropping by -12.4% against the previous year. Over the period under review, the export price saw a abrupt descent. The pace of growth was the most pronounced in 2016 an increase of 29%. The level of export peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Lebanon (-1.2%), while the other leaders experienced a decline in the export price figures.

Coloured Pencil Lead Imports

Imports in the Middle East

After four years of growth, purchases abroad of black or coloured pencil leads decreased by -45.7% to X units in 2021. Over the period under review, imports continue to indicate a deep contraction. The pace of growth was the most pronounced in 2017 with an increase of 64%. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, coloured pencil lead imports contracted sharply to $X in 2021. In general, imports recorded a deep downturn. The pace of growth was the most pronounced in 2014 with an increase of 20%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units) represented the major importer of black or coloured pencil leads, mixing up 62% of total imports. It was distantly followed by Iran (X units) and the United Arab Emirates (X units), together achieving a 29% share of total imports. The following importers - Israel (X units) and Iraq (X units) - each finished at a 5.5% share of total imports.

Imports into Turkey decreased at an average annual rate of -5.7% from 2012 to 2021. At the same time, the United Arab Emirates (+4.0%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +4.0% from 2012-2021. By contrast, Iran (-1.2%), Iraq (-12.0%) and Israel (-27.0%) illustrated a downward trend over the same period. Iran (+11 p.p.), Turkey (+11 p.p.) and the United Arab Emirates (+3.6 p.p.) significantly strengthened its position in terms of the total imports, while Israel saw its share reduced by -21.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Turkey ($X) constitutes the largest market for imported black or coloured pencil leads in the Middle East, comprising 64% of total imports. The second position in the ranking was taken by Iran ($X), with a 12% share of total imports. It was followed by Israel, with a 9.6% share.

In Turkey, coloured pencil lead imports decreased by an average annual rate of -7.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Iran (-10.9% per year) and Israel (-5.0% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, with an increase of 23% against the previous year. Over the period under review, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2016 an increase of 45%. As a result, import price reached the peak level of $X per unit. From 2017 to 2021, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Iran ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+30.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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