Southern Asia: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Southern Asia

After six years of growth, the South Asian encased lead pencil market decreased by -1.3% to $X in 2021. The total consumption indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +69.7% against 2014 indices. Over the period under review, the market attained the peak level at $X in 2020, and then fell modestly in the following year.

Encased Lead Pencil Production in Southern Asia

In value terms, encased lead pencil production reduced to $X in 2021 estimated in export price. The total production indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +5.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +69.9% against 2014 indices. The pace of growth was the most pronounced in 2017 when the production volume increased by 33%. Over the period under review, production reached the peak level at $X in 2020, and then declined slightly in the following year.

Encased Lead Pencil Exports

Exports in Southern Asia

Encased lead pencil exports skyrocketed to X units in 2021, picking up by 17% on 2020 figures. Total exports indicated a buoyant expansion from 2012 to 2021: its volume increased at an average annual rate of +6.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -5.2% against 2016 indices. The most prominent rate of growth was recorded in 2016 with an increase of 47%. As a result, the exports reached the peak of X units. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, encased lead pencil exports soared to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +8.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +31.3% against 2018 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from India (X units), together resulting at 100% of total export.

India was also the fastest-growing in terms of the pencils and crayons with leads encased in a rigid sheath exports, with a CAGR of +6.8% from 2012 to 2021. India (+3.7 p.p.) significantly strengthened its position in terms of the total exports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) also remains the largest encased lead pencil supplier in Southern Asia.

From 2012 to 2021, the average annual growth rate of value in India stood at +9.8%.

Export Prices by Country

The export price in Southern Asia stood at $X per unit in 2021, picking up by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2017 an increase of 29%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for India.

From 2012 to 2021, the rate of growth in terms of prices for India amounted to +2.8% per year.

Encased Lead Pencil Imports

Imports in Southern Asia

In 2021, imports of pencils and crayons with leads encased in a rigid sheath in Southern Asia surged to X units, rising by 30% against the previous year. Over the period under review, imports saw a moderate increase. Over the period under review, imports reached the peak figure at X units in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

In value terms, encased lead pencil imports surged to $X in 2021. Overall, imports enjoyed a remarkable increase. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Pakistan (X units), distantly followed by Bangladesh (X units), Sri Lanka (X units), India (X units), Afghanistan (X units) and Nepal (X units) represented the major importers of pencils and crayons with leads encased in a rigid sheath, together creating 98% of total imports.

From 2012 to 2021, the biggest increases were in Afghanistan (with a CAGR of +84.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) constitutes the largest market for imported pencils and crayons with leads encased in a rigid sheath in Southern Asia, comprising 50% of total imports. The second position in the ranking was taken by Bangladesh ($X), with a 13% share of total imports. It was followed by Sri Lanka, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Pakistan stood at +11.1%. The remaining importing countries recorded the following average annual rates of imports growth: Bangladesh (+0.0% per year) and Sri Lanka (+2.3% per year).

Import Prices by Country

In 2021, the import price in Southern Asia amounted to $X per unit, surging by 18% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.9%. The pace of growth appeared the most rapid in 2020 an increase of 22%. Over the period under review, import prices reached the maximum in 2021 and is likely to see steady growth in the near future.

Prices varied noticeably country of destination: the country with the highest price was Pakistan ($X per unit), while Afghanistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Nepal (+15.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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