Sri Lanka: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Sri Lanka

In 2021, the Sri Lankan encased lead pencil market increased by 1.1% to $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, the total consumption indicated a perceptible increase from 2012 to 2021: its value increased at an average annual rate of +2.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -30.0% against 2017 indices. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption stood at a somewhat lower figure.

Encased Lead Pencil Exports

Exports from Sri Lanka

In 2021, after two years of growth, there was significant decline in shipments abroad of pencils and crayons with leads encased in a rigid sheath, when their volume decreased by -74.5% to X units. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2019 with an increase of 59% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, encased lead pencil exports dropped remarkably to $X in 2021. Overall, exports showed a abrupt setback. The most prominent rate of growth was recorded in 2016 when exports increased by 69% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Seychelles (X units), Maldives (X units) and Samoa (X units) were the main destinations of encased lead pencil exports from Sri Lanka, together comprising 82% of total exports. The UK, Belgium and Costa Rica lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the biggest increases were in Belgium (with a CAGR of +184.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Samoa ($X) emerged as the key foreign market for encased lead pencil exports from Sri Lanka, comprising 42% of total exports. The second position in the ranking was taken by Maldives ($X), with a 20% share of total exports. It was followed by Seychelles, with a 19% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Samoa was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (-2.7% per year) and Seychelles (+117.3% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, jumping by 41% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Samoa ($X per unit), while the average price for exports to Costa Rica ($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 the Netherlands (+35.0%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Sri Lanka

In 2021, encased lead pencil imports into Sri Lanka fell slightly to X units, waning by -2.5% compared with 2020 figures. Overall, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -30.7% against 2017 indices. The pace of growth was the most pronounced in 2017 when imports increased by 45%. As a result, imports attained the peak of X units. From 2018 to 2021, the growth of imports remained at a lower figure.

In value terms, encased lead pencil imports reached $X in 2021. In general, total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +2.3% 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 -30.6% against 2016 indices. The most prominent rate of growth was recorded in 2013 with an increase of 48%. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Sri Lanka, accounting for a 88% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, India (X units), tenfold. The third position in this ranking was held by Thailand (X units), with a 1.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled +4.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-7.6% per year) and Thailand (+28.7% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to Sri Lanka, comprising 88% of total imports. The second position in the ranking was held by India ($X), with an 8.6% share of total imports. It was followed by Thailand, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-6.3% per year) and Thailand (+30.8% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, with an increase of 4.6% against the previous year. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 an increase of 54%. As a result, import price attained the peak level of $X per unit. From 2017 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 China ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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