Uruguay: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Uruguay

The Uruguayan encased lead pencil market expanded slightly to $X in 2021, rising by 3.4% against 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). Over the period under review, consumption saw a deep downturn. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Encased Lead Pencil Exports

Exports from Uruguay

In 2021, shipments abroad of pencils and crayons with leads encased in a rigid sheath decreased by -29.6% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports continue to indicate a precipitous curtailment. The growth pace was the most rapid in 2017 with an increase of 733% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, encased lead pencil exports reduced slightly to $X in 2021. In general, exports faced a abrupt downturn. The most prominent rate of growth was recorded in 2017 with an increase of 424% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Argentina (X units) was the main destination for encased lead pencil exports from Uruguay, with a 92% share of total exports. It was followed by Slovenia (X units), with a 2% share of total exports. Paraguay (X units) ranked third in terms of total exports with a 2% share.

From 2012 to 2021, the average annual growth rate of volume to Argentina totaled -20.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (-38.4% per year) and Paraguay (-41.5% per year).

In value terms, Argentina ($X) remains the key foreign market for encased lead pencil exports from Uruguay, comprising 81% of total exports. The second position in the ranking was held by Chile ($X), with a 12% share of total exports. It was followed by Paraguay, with a 5% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina stood at -16.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-3.5% per year) and Paraguay (-31.3% per year).

Export Prices by Country

The average encased lead pencil export price stood at $X per unit in 2021, picking up by 41% against the previous year. Over the period under review, the export price continues to indicate a remarkable increase. The pace of growth appeared the most rapid in 2016 an increase of 66%. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was Chile ($X per unit), while the average price for exports to Slovakia ($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 Paraguay (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Uruguay

In 2021, supplies from abroad of pencils and crayons with leads encased in a rigid sheath decreased by -5.2% to X units, falling for the third year in a row after three years of growth. Overall, imports recorded a perceptible setback. The most prominent rate of growth was recorded in 2014 when imports increased by 61% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports failed to regain momentum.

In value terms, encased lead pencil imports amounted to $X in 2021. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 79% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest encased lead pencil supplier to Uruguay, accounting for a 74% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Brazil (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled +1.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Brazil (-12.6% per year) and Peru (+40.0% per year).

In value terms, the largest encased lead pencil suppliers to Uruguay were China ($X), Brazil ($X) and Peru ($X), with a combined 89% share of total imports.

In terms of the main suppliers, Peru, with a CAGR of +34.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average encased lead pencil import price stood at $X per unit in 2021, surging by 11% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable descent. The pace of growth was the most pronounced in 2014 an increase of 11%. As a result, import price reached the peak level of $X per unit. From 2015 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (+2.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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