Report Update Nov 1, 2024

Nigeria - Black or Coloured Pencil Leads - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Coloured Pencil Lead Market 2024

Coloured Pencil Lead Market Size in Nigeria

The Nigerien coloured pencil lead market skyrocketed to $X in 2021, increasing by 713% against the previous year. In general, consumption showed prominent growth. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Coloured Pencil Lead Production in Nigeria

In value terms, coloured pencil lead production stood at $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.9% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2016 with an increase of 5%. Over the period under review, production attained the maximum level in 2021 and is expected to retain growth in years to come.

Coloured Pencil Lead Exports

Exports from Nigeria

In 2021, overseas shipments of black or coloured pencil leads increased by 29% to X units, rising for the third consecutive year after two years of decline. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2020 with an increase of 250%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, coloured pencil lead exports amounted to $X in 2021. Over the period under review, exports, however, faced a abrupt downturn. The growth pace was the most rapid in 2014 when exports increased by 167%. The exports peaked at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Botswana (X units) was the main destination for coloured pencil lead exports from Nigeria, with a 78% share of total exports. Moreover, coloured pencil lead exports to Botswana exceeded the volume sent to the second major destination, Ghana (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Botswana stood at +24.1%.

In value terms, Ghana ($X) remains the key foreign market for black or coloured pencil leads exports from Nigeria, comprising 78% of total exports. The second position in the ranking was held by Botswana ($X), with a 22% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana totaled +3.8%.

Export Prices by Country

In 2021, the average coloured pencil lead export price amounted to $X per unit, dropping by -18.6% against the previous year. Overall, the export price showed a perceptible decline. The growth pace was the most rapid in 2017 an increase of 61%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

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 Ghana ($X per unit), while the average price for exports to Botswana stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+9.2%).

Coloured Pencil Lead Imports

Imports into Nigeria

Coloured pencil lead imports into Nigeria surged to X units in 2021, jumping by 727% against 2020 figures. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 1,747% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, coloured pencil lead imports surged to $X in 2021. Over the period under review, imports recorded a remarkable increase. The most prominent rate of growth was recorded in 2019 with an increase of 996% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the near future.

Imports by Country

In 2021, China (X units) was the main supplier of coloured pencil lead to Nigeria, with a 91% share of total imports. Moreover, coloured pencil lead imports from China exceeded the figures recorded by the second-largest supplier, India (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -1.6%.

In value terms, China ($X) constituted the largest supplier of black or coloured pencil leads to Nigeria, comprising 70% of total imports. The second position in the ranking was held by India ($X), with a 26% share of total imports.

From 2012 to 2021, the average annual growth rate of value from China stood at +2.0%.

Import Prices by Country

The average coloured pencil lead import price stood at $X per unit in 2021, falling by -1.7% against the previous year. Over the period under review, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in 2014 when the average import price increased by 193%. Over the period under review, average import prices reached the peak figure at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+19.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for black or coloured pencil leads in the world?

The country with the largest volume of coloured pencil lead consumption was China, comprising approx. 33% of total volume. Moreover, coloured pencil lead consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 14% share.

What are the largest producers of black or coloured pencil leads in the world?

China remains the largest coloured pencil lead producing country worldwide, accounting for 33% of total volume. Moreover, coloured pencil lead production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. The third position in this ranking was occupied by India, with a 14% share.

What are the leading suppliers of black or coloured pencil leads to Nigeria?

In value terms, China constituted the largest supplier of coloured pencil lead to Nigeria, comprising 75% of total imports. The second position in the ranking was occupied by Germany, with a 9.2% share of total imports.

What are the leading importers of black or coloured pencil leads from Nigeria?

In value terms, Botswana $2) remains the key foreign market for coloured pencil lead exports from Nigeria.

What is the average export price for black or coloured pencil leads in Nigeria?

In 2021, the average coloured pencil lead export price amounted to $9 per unit, waning by -18.2% against the previous year.

What is the average import price for black or coloured pencil leads in Nigeria?

In 2021, the average coloured pencil lead import price amounted to $3.2 per unit, waning by -9.6% against the previous year.

This report provides an in-depth analysis of the coloured pencil lead market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32991530 - Black or coloured pencil leads

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023