SADC: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in SADC

The SADC pen or pencil sets market shrank to $X in 2022, with a decrease of -7.1% against the previous year. In general, consumption continues to indicate a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in SADC

In value terms, pen or pencil sets production fell to $X in 2022 estimated in export price. In general, production saw a deep reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by 26% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports in SADC

In 2022, shipments abroad of pen or pencil sets increased by 91% to X units, rising for the second consecutive year after six years of decline. Over the period under review, exports, however, recorded a deep slump. The most prominent rate of growth was recorded in 2013 when exports increased by 169% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pen or pencil sets exports soared to $X in 2022. Overall, exports, however, faced a abrupt decrease. The pace of growth was the most pronounced in 2021 when exports increased by 56%. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa dominates exports structure, reaching X units, which was approx. 96% of total exports in 2022. Namibia (X units) held a minor share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pen or pencil sets exports from South Africa stood at -11.2%. At the same time, Namibia (+5.2%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of +5.2% from 2012-2022. From 2012 to 2022, the share of Namibia increased by +2.9 percentage points.

In value terms, South Africa ($X) remains the largest pen or pencil sets supplier in SADC, comprising 99% of total exports. The second position in the ranking was taken by Namibia ($X), with a 1.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa stood at -19.9%.

Export Prices by Country

The export price in SADC stood at $X per unit in 2022, waning by -38.9% against the previous year. In general, the export price saw a drastic downturn. The pace of growth appeared the most rapid in 2015 an increase of 146% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Namibia totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.2%).

Imports of Pen Or Pencil Sets

Imports in SADC

In 2022, supplies from abroad of pen or pencil sets increased by 1.2% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, saw a deep contraction. The growth pace was the most rapid in 2015 when imports increased by 61%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pen or pencil sets imports expanded to $X in 2022. Over the period under review, imports, however, recorded a abrupt curtailment. The growth pace was the most rapid in 2015 when imports increased by 51%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

South Africa dominates imports structure, accounting for X units, which was near 65% of total imports in 2022. It was distantly followed by Namibia (X units) and Mauritius (X units), together constituting a 15% share of total imports. Zimbabwe (X units), Zambia (X units), Angola (X units), Botswana (X units) and Tanzania (X units) followed a long way behind the leaders.

Imports into South Africa decreased at an average annual rate of -5.7% from 2012 to 2022. At the same time, Mauritius (+10.8%) displayed positive paces of growth. Moreover, Mauritius emerged as the fastest-growing importer imported in SADC, with a CAGR of +10.8% from 2012-2022. Zimbabwe experienced a relatively flat trend pattern. By contrast, Tanzania (-19.5%), Zambia (-19.9%), Namibia (-20.0%), Angola (-20.3%) and Botswana (-22.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Africa, Mauritius and Zimbabwe increased by +29, +5.9 and +3 percentage points, respectively.

In value terms, South Africa ($X) constitutes the largest market for imported pen or pencil sets in SADC, comprising 73% of total imports. The second position in the ranking was taken by Namibia ($X), with an 8.8% share of total imports. It was followed by Angola, with a 4.8% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Africa amounted to -7.1%. In the other countries, the average annual rates were as follows: Namibia (-21.0% per year) and Angola (-12.7% per year).

Import Prices by Country

The import price in SADC stood at $X per unit in 2022, increasing by 3% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 45%. Over the period under review, import prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Angola ($X per unit), while Tanzania ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Angola (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform