Middle East: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in the Middle East

In 2021, the Middle Eastern encased lead pencil market decreased by -4.6% to $X for the first time since 2016, thus ending a four-year rising trend. Overall, consumption, however, enjoyed buoyant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then fell slightly in the following year.

Encased Lead Pencil Production in the Middle East

In value terms, encased lead pencil production contracted modestly to $X in 2021 estimated in export price. In general, production, however, showed a resilient increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 202%. The level of production peaked at $X in 2020, and then dropped slightly in the following year.

Encased Lead Pencil Exports

Exports in the Middle East

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath was finally on the rise to reach X units after two years of decline. Total exports indicated modest growth from 2012 to 2021: its volume increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -39.2% against 2018 indices. The pace of growth appeared the most rapid in 2017 when exports increased by 57% against the previous year. The volume of export peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, encased lead pencil exports contracted to $X in 2021. Overall, exports, however, continue to indicate a perceptible curtailment. The growth pace was the most rapid in 2017 with an increase of 64%. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

The United Arab Emirates (X units) and Turkey (X units) prevails in exports structure, together making up 96% of total exports. Saudi Arabia (X units) took a minor share of total exports.

From 2012 to 2021, the biggest increases were in Saudi Arabia (with a CAGR of +26.5%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Turkey ($X) remains the largest encased lead pencil supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 27% share of total exports.

In Turkey, encased lead pencil exports contracted by an average annual rate of -4.8% over the period from 2012-2021. In the other countries, the average annual rates were as follows: the United Arab Emirates (+5.1% per year) and Saudi Arabia (+42.0% per year).

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, with a decrease of -17.6% against the previous year. Overall, the export price showed a noticeable decline. The growth pace was the most rapid in 2020 when the export price increased by 23%. The level of export peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Saudi Arabia ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+12.3%), while the other leaders experienced a decline in the export price figures.

Encased Lead Pencil Imports

Imports in the Middle East

In 2021, supplies from abroad of pencils and crayons with leads encased in a rigid sheath decreased by -8% to X units, falling for the fourth consecutive year after six years of growth. Over the period under review, imports, however, recorded modest growth. The most prominent rate of growth was recorded in 2014 with an increase of 57% against the previous year. The volume of import peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports reduced to $X in 2021. In general, imports showed a deep contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 40% against the previous year. The level of import peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates (X units) and Qatar (X units) represented roughly 61% of total imports in 2021. Iraq (X units) held the next position in the ranking, followed by Yemen (X units). All these countries together took approx. 16% share of total imports. The following importers - Israel (X units), Iran (X units), Jordan (X units), Turkey (X units), Kuwait (X units), Syrian Arab Republic (X units) and Lebanon (X units) - together made up 20% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Iraq (with a CAGR of +18.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pencils and crayons with leads encased in a rigid sheath in the Middle East, comprising 36% of total imports. The second position in the ranking was taken by Iraq ($X), with a 14% share of total imports. It was followed by Israel, with a 10% share.

In the United Arab Emirates, encased lead pencil imports decreased by an average annual rate of -2.1% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Iraq (+23.3% per year) and Israel (+5.4% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, declining by -5.8% against the previous year. Overall, the import price recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2020 an increase of 17% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was Turkey ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Jordan (+5.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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