Peru: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Peru

In 2021, after three years of decline, there was significant growth in the Peruvian encased lead pencil market, when its value increased by 5.8% to $X. Overall, consumption, however, recorded a abrupt setback. As a result, consumption attained the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Encased Lead Pencil Exports

Exports from Peru

In 2021, overseas shipments of pencils and crayons with leads encased in a rigid sheath decreased by -47.7% to X units, falling for the second year in a row after two years of growth. Overall, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2015 with an increase of 118% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, encased lead pencil exports fell sharply to $X in 2021. Over the period under review, exports showed a deep slump. The pace of growth appeared the most rapid in 2018 with an increase of 112%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X units), Bolivia (X units) and Colombia (X units) were the main destinations of encased lead pencil exports from Peru, together comprising 53% of total exports. These countries were followed by El Salvador, Nicaragua, Argentina, Guatemala, Ecuador and Panama, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Guatemala (with a CAGR of +180.1%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for encased lead pencil exported from Peru were Venezuela ($X), Bolivia ($X) and Colombia ($X), with a combined 52% share of total exports. These countries were followed by El Salvador, Argentina, Guatemala, Nicaragua, Ecuador and Panama, which together accounted for a further 39%.

In terms of the main countries of destination, Guatemala, with a CAGR of +175.8%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, declining by -6.4% against the previous year. Over the period under review, the export price showed a perceptible setback. The pace of growth appeared the most rapid in 2013 an increase of 7.8%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2021, the countries with the highest prices were Argentina ($X per unit) and Panama ($X per unit), while the average price for exports to Nicaragua ($X per unit) and Venezuela ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (-2.1%), while the prices for the other major destinations experienced a decline.

Encased Lead Pencil Imports

Imports into Peru

After two years of decline, supplies from abroad of pencils and crayons with leads encased in a rigid sheath increased by 7.7% to X units in 2021. Overall, imports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2017 with an increase of 28% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports stood at $X in 2021. Over the period under review, imports, however, continue to indicate a deep contraction. The most prominent rate of growth was recorded in 2017 with an increase of 28%. As a result, imports reached the peak of $X. From 2018 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 Peru, with a 81% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), sixfold. Canada (X units) ranked third in terms of total imports with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -2.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-15.3% per year) and Canada (+210.2% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Peru, comprising 73% of total imports. The second position in the ranking was taken by Brazil ($X), with a 20% share of total imports. It was followed by Germany, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-16.6% per year) and Germany (+7.8% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, falling by -6.7% against the previous year. Over the period under review, the import price showed a perceptible slump. The growth pace was the most rapid in 2014 an increase of 4.6% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices remained 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 Germany ($X per unit), while the price for Canada ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-1.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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