U.S.: Sliding Pencil Market 2024

Sliding Pencil Market Size in the U.S.

In 2021, the U.S. sliding pencil market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a abrupt descent. Over the period under review, the market hit record highs at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Sliding Pencil Exports

Exports from the U.S.

In 2021, the amount of propelling or sliding pencils exported from the United States expanded sharply to X units, surging by 14% compared with the year before. Over the period under review, total exports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +8.5% 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 +78.0% against 2018 indices. The pace of growth appeared the most rapid in 2019 with an increase of 58%. Over the period under review, the exports reached the peak figure in 2021 and are likely to continue growth in the near future.

In value terms, sliding pencil exports rose modestly to $X in 2021. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2019 when exports increased by 53% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mexico (X units) was the main destination for sliding pencil exports from the United States, with a 78% share of total exports. Moreover, sliding pencil exports to Mexico exceeded the volume sent to the second major destination, Canada (X units), fivefold. South Korea (X units) ranked third in terms of total exports with a 1.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mexico totaled +13.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-2.0% per year) and South Korea (+61.4% per year).

In value terms, Mexico ($X) remains the key foreign market for propelling or sliding pencils exports from the United States, comprising 81% of total exports. The second position in the ranking was taken by Canada ($X), with a 12% share of total exports. It was followed by South Korea, with a 1.1% share.

From 2012 to 2021, the average annual growth rate of value to Mexico stood at +14.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (-3.6% per year) and South Korea (+54.3% per year).

Export Prices by Country

The average sliding pencil export price stood at $X per unit in 2021, falling by -9.1% against the previous year. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 33%. As a result, the export price reached the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Mexico ($X per unit), while the average price for exports to South Korea ($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 (+1.1%), while the prices for the other major destinations experienced a decline.

Sliding Pencil Imports

Imports into the U.S.

Sliding pencil imports into the United States rose slightly to X units in 2021, with an increase of 4.1% against the year before. Overall, imports, however, recorded a mild curtailment. The pace of growth appeared the most rapid in 2019 when imports increased by 9.7%. Over the period under review, imports hit record highs at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, sliding pencil imports amounted to $X in 2021. In general, imports, however, recorded a perceptible reduction. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Mexico (X units), China (X units) and France (X units) were the main suppliers of sliding pencil imports to the United States, with a combined 83% share of total imports. India, Japan and South Korea lagged somewhat behind, together comprising a further 15%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +24.7%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest sliding pencil suppliers to the United States were China ($X), Mexico ($X) and Japan ($X), together accounting for 68% of total imports. These countries were followed by France, India and South Korea, which together accounted for a further 27%.

South Korea, with a CAGR of +14.5%, 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 more modest paces of growth.

Import Prices by Country

In 2021, the average sliding pencil import price amounted to $X per unit, surging by 9.2% against the previous year. Overall, the import price, however, showed a noticeable slump. Over the period under review, average import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+0.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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