Hungary: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Hungary

The Hungarian encased lead pencil market dropped sharply to $X in 2023, declining by X% against the previous year. Over the period under review, consumption, however, recorded a prominent increase. Over the period under review, the market attained the maximum level at $X in 2022, and then fell significantly in the following year.

Encased Lead Pencil Production in Hungary

In value terms, encased lead pencil production dropped dramatically to $X in 2023 estimated in export price. Over the period under review, production, however, showed prominent growth. The growth pace was the most rapid in 2015 when the production volume increased by X%. Encased lead pencil production peaked at $X in 2020; however, from 2021 to 2023, production remained at a lower figure.

Encased Lead Pencil Exports

Exports from Hungary

For the third consecutive year, Hungary recorded growth in shipments abroad of pencils and crayons with leads encased in a rigid sheath, which increased by X% to X units in 2023. Over the period under review, exports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked in 2023 and are likely to continue growth in the immediate term.

In value terms, encased lead pencil exports skyrocketed to $X in 2023. In general, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2019 when exports increased by X%. The exports peaked in 2023 and are likely to see steady growth in the near future.

Exports by Country

Slovakia (X units), Croatia (X units) and Romania (X units) were the main destinations of encased lead pencil exports from Hungary, with a combined X% share of total exports. Germany, Italy, the Czech Republic, Serbia, Spain, Slovenia, Austria, France, Poland and Bulgaria lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Spain (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Slovakia ($X), Germany ($X) and Romania ($X) were the largest markets for encased lead pencil exported from Hungary worldwide, with a combined X% share of total exports. Italy, the Czech Republic, Croatia, Austria, France, Serbia, Spain, Poland, Slovenia and Bulgaria lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Spain, with a CAGR of X%, recorded 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

The average encased lead pencil export price stood at $X per thousand units in 2023, increasing by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per thousand units), while the average price for exports to Croatia ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Encased Lead Pencil Imports

Imports into Hungary

After five years of growth, overseas purchases of pencils and crayons with leads encased in a rigid sheath decreased by X% to X units in 2023. Over the period under review, imports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X units in 2022, and then contracted notably in the following year.

In value terms, encased lead pencil imports reduced sharply to $X in 2023. Overall, imports, however, showed a buoyant expansion. The pace of growth was the most pronounced in 2021 with an increase of X%. Imports peaked at $X in 2022, and then shrank notably in the following year.

Imports by Country

In 2023, China (X units) constituted the largest encased lead pencil supplier to Hungary, accounting for a X% share of total imports. Moreover, encased lead pencil imports from China exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. The third position in this ranking was taken by Germany (X units), with an X% share.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (X% per year) and Germany (X% per year).

In value terms, the largest encased lead pencil suppliers to Hungary were China ($X), Poland ($X) and Germany ($X), together comprising X% of total imports.

Poland, with a CAGR of X%, 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

The average encased lead pencil import price stood at $X per thousand units in 2023, shrinking by X% against the previous year. Overall, the import price recorded a noticeable decrease. The pace of growth was the most pronounced in 2021 when the average import price increased by X%. The import price peaked at $X per thousand units in 2013; however, from 2014 to 2023, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per thousand units), while the price for Slovenia ($X per thousand units) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Slovakia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform