United Kingdom: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in the UK

In 2021, the UK encased lead pencil market was finally on the rise to reach $X for the first time since 2017, thus ending a three-year declining trend. Over the period under review, consumption recorded significant growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a somewhat lower figure.

Encased Lead Pencil Production in the UK

In value terms, encased lead pencil production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a abrupt contraction. The growth pace was the most rapid in 2017 when the production volume increased by 33%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Encased Lead Pencil Exports

Exports from the UK

In 2021, after four years of decline, there was significant growth in overseas shipments of pencils and crayons with leads encased in a rigid sheath, when their volume increased by 18% to X units. In general, exports saw mild growth. The most prominent rate of growth was recorded in 2013 with an increase of 37%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports reduced to $X in 2021. The total export value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 47%. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Lithuania (X units) was the main destination for encased lead pencil exports from the UK, accounting for a 27% share of total exports. Moreover, encased lead pencil exports to Lithuania exceeded the volume sent to the second major destination, Ireland (X units), twofold. The Netherlands (X units) ranked third in terms of total exports with an 8.5% share.

From 2012 to 2021, the average annual growth rate of volume to Lithuania totaled +97.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Ireland (-9.1% per year) and the Netherlands (-5.8% per year).

In value terms, Ireland ($X), the United States ($X) and Lithuania ($X) constituted the largest markets for encased lead pencil exported from the UK worldwide, with a combined 37% share of total exports.

Lithuania, with a CAGR of +68.0%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, with a decrease of -20.2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.6%. The pace of growth was the most pronounced in 2014 when the average export price increased by 23% against the previous year. The export price peaked at $X per unit in 2020, and then shrank remarkably in the following year.

Prices varied noticeably country of destination: the country with the highest price was the United States ($X per unit), while the average price for exports to Lithuania ($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 United States (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into the UK

In 2021, overseas purchases of pencils and crayons with leads encased in a rigid sheath decreased by -15.7% to X units, falling for the sixth year in a row after four years of growth. In general, imports showed a pronounced contraction. The pace of growth appeared the most rapid in 2014 when imports increased by 14% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, encased lead pencil imports dropped to $X in 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 with an increase of 11% against the previous year. 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 the UK, accounting for a 64% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. France (X units) ranked third in terms of total imports with a 2.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -4.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+7.5% per year) and France (+11.5% per year).

In value terms, the largest encased lead pencil suppliers to the UK were China ($X), Germany ($X) and France ($X), with a combined 86% share of total imports.

Among the main suppliers, France, with a CAGR of +22.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, rising by 6.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2018 an increase of 13% against the previous year. The import price peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+9.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :