Morocco: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Morocco

In 2021, the Moroccan encased lead pencil market decreased by -41.4% to $X, falling for the third year in a row after four years of growth. In general, consumption showed a noticeable contraction. As a result, consumption attained the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Encased Lead Pencil Exports

Exports from Morocco

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath exported from Morocco fell dramatically to X units, which is down by -83.9% compared with the previous year's figure. Overall, exports saw a deep slump. The most prominent rate of growth was recorded in 2016 with an increase of 1,111%. The exports 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 fell rapidly to $X in 2021. In general, exports faced a sharp descent. The most prominent rate of growth was recorded in 2016 when exports increased by 1,820% against the previous year. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Lebanon (X units) was the main destination for encased lead pencil exports from Morocco, with a 71% share of total exports. Moreover, encased lead pencil exports to Lebanon exceeded the volume sent to the second major destination, France (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-30.0% per year) and Canada (-98.8% per year).

In value terms, Lebanon ($X) emerged as the key foreign market for encased lead pencil exports from Morocco, comprising 69% of total exports. The second position in the ranking was taken by France ($X), with a 24% share of total exports. It was followed by the United Arab Emirates, with a 0.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Lebanon was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-31.0% per year) and the United Arab Emirates (-84.0% per year).

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, with an increase of 43% against the previous year. In general, the export price, however, continues to indicate a mild contraction. The pace of growth was the most pronounced in 2016 an increase of 58%. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

Prices varied noticeably country of destination: the country with the highest price was France ($X per unit), while the average price for exports to Canada ($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 (-1.8%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Morocco

In 2021, purchases abroad of pencils and crayons with leads encased in a rigid sheath decreased by -45.7% to X units, falling for the third year in a row after four years of growth. Overall, imports showed a pronounced decrease. The pace of growth was the most pronounced in 2018 with an increase of 67%. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, encased lead pencil imports declined remarkably to $X in 2021. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2018 when imports increased by 47% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Morocco, accounting for a 86% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), more than tenfold. The third position in this ranking was taken by Indonesia (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -4.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+60.5% per year) and Indonesia (-4.1% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Morocco, comprising 74% of total imports. The second position in the ranking was held by Germany ($X), with a 12% share of total imports. It was followed by Indonesia, with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+37.7% per year) and Indonesia (-7.9% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, surging by 11% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average import price increased by 21%. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (-0.2%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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