United Arab Emirates: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in the United Arab Emirates

The encased lead pencil market in the United Arab Emirates dropped slightly to $X in 2021, approximately reflecting 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). In general, consumption showed a perceptible slump. Encased lead pencil consumption peaked at $X in 2014; however, from 2015 to 2021, consumption failed to regain momentum.

Encased Lead Pencil Exports

Exports from the United Arab Emirates

In 2021, after two years of decline, there was significant growth in shipments abroad of pencils and crayons with leads encased in a rigid sheath, when their volume increased by 8.2% to X units. Overall, exports recorded a strong increase. The most prominent rate of growth was recorded in 2017 with an increase of 102% 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 stood at a somewhat lower figure.

In value terms, encased lead pencil exports fell sharply to $X in 2021. In general, exports continue to indicate prominent growth. The growth pace was the most rapid in 2017 with an increase of 415%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Mozambique (X units) was the main destination for encased lead pencil exports from the United Arab Emirates, accounting for a 47% share of total exports. Moreover, encased lead pencil exports to Mozambique exceeded the volume sent to the second major destination, Oman (X units), threefold. The third position in this ranking was taken by the United States (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Mozambique totaled +50.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Oman (+5.6% per year) and the United States (+48.5% per year).

In value terms, the United States ($X), Oman ($X) and the Netherlands ($X) constituted the largest markets for encased lead pencil exported from the United Arab Emirates worldwide, together comprising 80% of total exports.

In terms of the main countries of destination, the Netherlands, with a CAGR of +452.8%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average encased lead pencil export price amounted to $X per unit, which is down by -46% against the previous year. In general, the export price saw a perceptible setback. The most prominent rate of growth was recorded in 2017 an increase of 156%. The export price peaked at $X per unit in 2020, and then shrank markedly in the following year.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Mozambique ($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 Libya (+22.8%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into the United Arab Emirates

In 2021, approx. X units of pencils and crayons with leads encased in a rigid sheath were imported into the United Arab Emirates; reducing by -2.2% compared with the year before. Overall, imports recorded a mild slump. The most prominent rate of growth was recorded in 2014 with an increase of 20%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports reached $X in 2021. In general, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2014 with an increase of 21%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of encased lead pencil to the United Arab Emirates, with a 77% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. Indonesia (X units) ranked third in terms of total imports with a 2.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (-0.8% per year) and Indonesia (-7.0% per year).

In value terms, China ($X) constituted the largest supplier of encased lead pencil to the United Arab Emirates, comprising 66% of total imports. The second position in the ranking was taken by India ($X), with a 14% share of total imports. It was followed by Germany, with a 9.1% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.6% per year) and Germany (-8.6% per year).

Import Prices by Country

In 2021, the average encased lead pencil import price amounted to $X per unit, surging by 2.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average import price increased by 11% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for Taiwan (Chinese) ($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 (+3.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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