U.S.: Market for Pen Or Pencil Sets 2023

Market Size for Pen Or Pencil Sets in the U.S.

The U.S. pen or pencil sets market fell significantly to $X in 2022, with a decrease of -21.3% against the previous year. Over the period under review, consumption saw a perceptible curtailment. Pen or pencil sets consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in the U.S.

In value terms, pen or pencil sets production shrank to $X in 2022. In general, production saw a pronounced slump. The pace of growth was the most pronounced in 2021 with an increase of 25%. Over the period under review, production reached the maximum level at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports from the U.S.

In 2022, shipments abroad of pen or pencil sets increased by 40% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2018 with an increase of 72% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, pen or pencil sets exports fell to $X in 2022. Overall, exports, however, showed a pronounced decline. The most prominent rate of growth was recorded in 2018 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Guyana (X units), Canada (X units) and Mexico (X units) were the main destinations of pen or pencil sets exports from the United States, with a combined 89% share of total exports. China and Japan lagged somewhat behind, together comprising a further 9%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +41.2%), while the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) remains the key foreign market for pen or pencil sets exports from the United States, comprising 46% of total exports. The second position in the ranking was held by Mexico ($X), with a 20% share of total exports. It was followed by China, with a 14% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Canada was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (+10.4% per year) and China (+56.9% per year).

Export Prices by Country

In 2022, the average pen or pencil sets export price amounted to $X per unit, dropping by -34% against the previous year. In general, export price indicated a tangible expansion from 2012 to 2022: its price increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the average export price increased by 19%. The export price peaked at $X per unit in 2021, and then declined dramatically in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Zambia (+11.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into the U.S.

In 2022, after two years of growth, there was significant decline in overseas purchases of pen or pencil sets, when their volume decreased by -91.3% to X units. Overall, imports, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 1,417%. As a result, imports reached the peak of X units, and then fell dramatically in the following year.

In value terms, pen or pencil sets imports declined markedly to $X in 2022. In general, imports faced a abrupt slump. The most prominent rate of growth was recorded in 2021 when imports increased by 39% against the previous year. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X units) constituted the largest supplier of pen or pencil sets to the United States, with a 64% share of total imports. Moreover, pen or pencil sets imports from Mexico exceeded the figures recorded by the second-largest supplier, Turkey (X units), threefold. France (X units) ranked third in terms of total imports with an 8.6% share.

From 2012 to 2022, the average annual growth rate of volume from Mexico amounted to +81.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Turkey (0.0% per year) and France (+12.2% per year).

In value terms, Mexico ($X), Germany ($X) and France ($X) appeared to be the largest pen or pencil sets suppliers to the United States, together accounting for 83% of total imports.

Among the main suppliers, Mexico, with a CAGR of +49.8%, recorded 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

In 2022, the average pen or pencil sets import price amounted to $X per unit, growing by 643% against the previous year. Overall, the import price, however, faced a abrupt downturn. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+29.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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