South Africa: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in South Africa

The South African encased lead pencil market rose markedly to $X in 2021, growing by 6.1% 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). Overall, consumption, however, recorded a abrupt shrinkage. Encased lead pencil consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Exports

Exports from South Africa

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath decreased by -3.1% to X units, falling for the third consecutive year after two years of growth. Overall, exports showed a mild reduction. The most prominent rate of growth was recorded in 2017 with an increase of 19% against the previous year. Over the period under review, the exports reached the maximum at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports surged to $X in 2021. Over the period under review, exports saw a pronounced slump. The most prominent rate of growth was recorded in 2017 with an increase of 25%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

Namibia (X units) was the main destination for encased lead pencil exports from South Africa, with a 39% share of total exports. Moreover, encased lead pencil exports to Namibia exceeded the volume sent to the second major destination, Botswana (X units), twofold. Zambia (X units) ranked third in terms of total exports with an 8.6% share.

From 2012 to 2021, the average annual growth rate of volume to Namibia totaled +2.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-7.7% per year) and Zambia (+8.6% per year).

In value terms, Namibia ($X) remains the key foreign market for encased lead pencil exports from South Africa, comprising 44% of total exports. The second position in the ranking was taken by Botswana ($X), with a 20% share of total exports. It was followed by Zimbabwe, with a 6.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Namibia totaled +2.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Botswana (-5.7% per year) and Zimbabwe (-0.7% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, picking up by 19% against the previous year. Overall, the export price, however, showed a slight descent. Over the period under review, the average export prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Zimbabwe ($X per unit), while the average price for exports to Ghana ($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 Mozambique (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into South Africa

In 2021, the amount of pencils and crayons with leads encased in a rigid sheath imported into South Africa amounted to X units, with an increase of 2.2% compared with 2020 figures. Overall, imports, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2019 when imports increased by 21%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports expanded notably to $X in 2021. Over the period under review, imports, however, showed a abrupt contraction. The most prominent rate of growth was recorded in 2013 with an increase of 13%. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of encased lead pencil to South Africa, with a 69% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sevenfold. The third position in this ranking was held by Germany (X units), with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at -4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (+15.5% per year) and Germany (-7.6% per year).

In value terms, China ($X), Germany ($X) and South Korea ($X) appeared to be the largest encased lead pencil suppliers to South Africa, with a combined 81% share of total imports. These countries were followed by France and the United States, which together accounted for a further 7.3%.

The United States, with a CAGR of +8.1%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, growing by 3.9% against the previous year. In general, the import price, however, continues to indicate a slight reduction. The growth pace was the most rapid in 2013 when the average import price increased by 28% against the previous year. As a result, import price reached the peak level of $X per unit. From 2014 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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