Kuwait: Sliding Pencil Market 2022

Sliding Pencil Market Size in Kuwait

The Kuwaiti sliding pencil market surged to $X in 2021, with an increase of X% 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). Overall, consumption, however, continues to indicate a pronounced decline. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Sliding Pencil Exports

Exports from Kuwait

After three years of decline, overseas shipments of propelling or sliding pencils decreased by -X% to X units in 2017. Over the period under review, exports recorded a pronounced curtailment. As a result, the exports attained the peak of X units, and then declined rapidly in the following year.

In value terms, sliding pencil exports contracted markedly to $X in 2017. Overall, exports, however, continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. The exports peaked at $X in 2016, and then contracted significantly in the following year.

Exports by Country

Qatar (X units) was the main destination for sliding pencil exports from Kuwait, with a approx. X% share of total exports.

From 2013 to 2017, the average annual rate of growth in terms of volume to Qatar was relatively modest.

From 2013 to 2017, the average annual rate of growth in terms of value to Qatar was relatively modest.

Export Prices by Country

The average sliding pencil export price stood at $X per unit in 2017, with an increase of X% against the previous year. In general, the export price continues to indicate a buoyant increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Qatar.

From 2013 to 2017, the rate of growth in terms of prices for Qatar amounted to X% per year.

Sliding Pencil Imports

Imports into Kuwait

Sliding pencil imports into Kuwait surged to X units in 2021, increasing by X% on the previous year's figure. In general, imports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, sliding pencil imports surged to $X in 2021. Over the period under review, imports, however, showed a abrupt curtailment. Imports peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest sliding pencil supplier to Kuwait, with a X% share of total imports. Moreover, sliding pencil imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The United Arab Emirates (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual growth rate of volume from Japan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

In value terms, Japan ($X) constituted the largest supplier of sliding pencil to Kuwait, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+X% per year) and the United Arab Emirates (+X% per year).

Import Prices by Country

In 2021, the average sliding pencil import price amounted to $X per unit, growing by X% against the previous year. In general, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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