Portugal: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Portugal

The Portuguese encased lead pencil market skyrocketed to $X in 2021, surging by 17% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +3.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Encased lead pencil consumption peaked in 2021 and is expected to retain growth in the near future.

Encased Lead Pencil Exports

Exports from Portugal

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath decreased by -6.4% to X units, falling for the third year in a row after three years of growth. In general, exports, however, saw a notable expansion. The growth pace was the most rapid in 2013 with an increase of 106% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports contracted to $X in 2021. Overall, exports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2013 when exports increased by 71% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X units), the UK (X units) and Italy (X units) were the main destinations of encased lead pencil exports from Portugal, with a combined 53% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the UK (with a CAGR of +113.7%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Italy ($X) and the UK ($X) appeared to be the largest markets for encased lead pencil exported from Portugal worldwide, together accounting for 46% of total exports.

In terms of the main countries of destination, the UK, with a CAGR of +112.7%, recorded the highest rates of growth with regard to 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, rising by 6.7% against the previous year. In general, the export price, however, saw a noticeable slump. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. Over the period under review, the average export prices attained the maximum 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 for the major external markets. In 2021, the country with the highest price was Poland ($X per unit), while the average price for exports to Sao Tome and Principe ($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 Cabo Verde (+2.4%), while the prices for the other major destinations experienced mixed trend patterns.

Encased Lead Pencil Imports

Imports into Portugal

After two years of decline, purchases abroad of pencils and crayons with leads encased in a rigid sheath increased by 7.7% to X units in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its volume increased at an average annual rate of +3.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -25.2% against 2016 indices. The growth pace was the most rapid in 2015 with an increase of 36% against the previous year. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports rose sharply to $X in 2021. The total import value increased at an average annual rate of +3.9% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 16%. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Spain (X units), China (X units) and Germany (X units) were the main suppliers of encased lead pencil imports to Portugal, together comprising 81% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Spain (with a CAGR of +12.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X) constituted the largest supplier of encased lead pencil to Portugal, comprising 55% of total imports. The second position in the ranking was taken by Germany ($X), with a 17% share of total imports. It was followed by China, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Spain totaled +21.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-5.5% per year) and China (+9.9% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, rising by 6.3% against the previous year. Overall, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 when the average import price increased by 15% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of origin: the country with the highest price was Spain ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+8.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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