U.S.: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in the U.S.

The U.S. encased lead pencil market was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption, however, continues to indicate a abrupt slump. Encased lead pencil consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Encased Lead Pencil Production in the U.S.

In value terms, encased lead pencil production amounted to $X in 2021. Overall, production showed a deep downturn. The pace of growth was the most pronounced in 2018 with an increase of 33%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Encased Lead Pencil Exports

Exports from the U.S.

In 2021, overseas shipments of pencils and crayons with leads encased in a rigid sheath increased by 326% to X units, rising for the third year in a row after three years of decline. In general, exports enjoyed significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 749%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, encased lead pencil exports expanded modestly to $X in 2021. Overall, exports, however, saw a pronounced shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by 15% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire (X units), Nigeria (X units) and Bulgaria (X units) were the main destinations of encased lead pencil exports from the United States, together accounting for 83% 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 Cote d'Ivoire (with a CAGR of 0.0%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for encased lead pencil exports from the United States, comprising 52% of total exports. The second position in the ranking was taken by Mexico ($X), with a 17% share of total exports. It was followed by Cote d'Ivoire, with a 0.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada totaled +1.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (-10.6% per year) and Cote d'Ivoire (0.0% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, with a decrease of -76.1% against the previous year. Over the period under review, the export price saw a dramatic contraction. The pace of growth was the most pronounced in 2018 an increase of 31%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Mexico ($X per unit), while the average price for exports to Bulgaria (less than $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 Mexico (+3.7%).

Encased Lead Pencil Imports

Imports into the U.S.

After two years of growth, purchases abroad of pencils and crayons with leads encased in a rigid sheath decreased by -0.2% to X units in 2021. Overall, imports, however, enjoyed buoyant growth. The pace of growth was the most pronounced in 2020 when imports increased by 124%. As a result, imports attained the peak of X units, leveling off in the following year.

In value terms, encased lead pencil imports declined to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 57%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Myanmar (X units) constituted the largest encased lead pencil supplier to the United States, with a 49% share of total imports. Moreover, encased lead pencil imports from Myanmar exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold. The third position in this ranking was taken by China (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from Myanmar amounted to +13,571.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (+5.4% per year) and China (-9.8% per year).

In value terms, the largest encased lead pencil suppliers to the United States were Brazil ($X), China ($X) and Mexico ($X), with a combined 59% share of total imports. India, Vietnam, the Philippines, Indonesia, the United Arab Emirates, Myanmar, El Salvador, Tunisia and Turkey lagged somewhat behind, together comprising a further 26%.

Myanmar, with a CAGR of +787.6%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, reducing by -12.2% against the previous year. In general, the import price recorded a abrupt descent. The growth pace was the most rapid in 2014 when the average import price increased by 8.5% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+7.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :