Oman: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Oman

In 2021, the Omani encased lead pencil market decreased by -36.6% to $X, falling for the third year in a row after seven years of growth. Overall, consumption, however, enjoyed a slight increase. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Encased Lead Pencil Exports

Exports from Oman

After four years of growth, overseas shipments of pencils and crayons with leads encased in a rigid sheath decreased by -46.7% to X units in 2021. Overall, exports, however, recorded buoyant growth. The growth pace was the most rapid in 2014 when exports increased by 1,172%. The exports peaked at X units in 2020, and then shrank rapidly in the following year.

In value terms, encased lead pencil exports dropped dramatically to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when exports increased by 722% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2020, and then contracted sharply in the following year.

Exports by Country

Somalia (X units) was the main destination for encased lead pencil exports from Oman, accounting for a 65% share of total exports. Moreover, encased lead pencil exports to Somalia exceeded the volume sent to the second major destination, Yemen (X units), threefold.

From 2012 to 2021, the average annual growth rate of volume to Somalia totaled +42.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-59.2% per year) and Qatar (-19.2% per year).

In value terms, Somalia ($X) remains the key foreign market for encased lead pencil exports from Oman, comprising 55% of total exports. The second position in the ranking was held by Yemen ($X), with a 25% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Somalia amounted to +34.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Yemen (-39.9% per year) and Qatar (-16.2% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, surging by 10% against the previous year. Overall, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2013 when the average export price increased by 22% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Qatar ($X per unit), while the average price for exports to Somalia ($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 Yemen (+47.3%), while the prices for the other major destinations experienced mixed trend patterns.

Encased Lead Pencil Imports

Imports into Oman

In 2021, supplies from abroad of pencils and crayons with leads encased in a rigid sheath decreased by -33.4% to X units, falling for the fourth year in a row after six years of growth. Over the period under review, imports, however, showed a slight increase. The growth pace was the most rapid in 2016 with an increase of 34%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports dropped dramatically to $X in 2021. In general, imports, however, continue to indicate a noticeable expansion. The most prominent rate of growth was recorded in 2013 with an increase of 52% against the previous year. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

Indonesia (X units), the United Arab Emirates (X units) and India (X units) were the main suppliers of encased lead pencil imports to Oman, with a combined 85% share of total imports. These countries were followed by China, Singapore, Saudi Arabia and Pakistan, which together accounted for a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Singapore (with a CAGR of +69.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X) constituted the largest supplier of encased lead pencil to Oman, comprising 55% of total imports. The second position in the ranking was held by the United Arab Emirates ($X), with a 23% share of total imports. It was followed by India, with a 9.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Indonesia stood at +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+3.7% per year) and India (+2.5% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, dropping by -7.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.1%. The most prominent rate of growth was recorded in 2013 when the average import price increased by 37% against the previous year. Over the period under review, average import prices reached the peak figure at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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