Updated Oct 18, 2022 18:41

Sliding Pencil Market in Middle East

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Middle Eastern sliding pencil market plummeted to $ in , reducing by -% 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). The total consumption indicated modest growth from 2007 to : its value increased at an average annual rate of +% over the last fourteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption increased by +% against 2019 indices. As a result, consumption reached the peak level of $. From 2011 to , the growth of the market failed to regain momentum.

In value terms, sliding pencil production declined rapidly to $ in estimated in export price. Overall, production, however, recorded strong growth. The most prominent rate of growth was recorded in 2009 when the production volume increased by %. Over the period under review, production attained the peak level at $ in , and then contracted significantly in the following year.

The country with the largest volume of sliding pencil production was Saudi Arabia ( units), comprising approx. % of total volume. Moreover, sliding pencil production in Saudi Arabia exceeded the figures recorded by the second-largest producer, Turkey ( units), fivefold.

From 2007 to , the average annual rate of growth in terms of volume in Saudi Arabia stood at +%. In the other countries, the average annual rates were as follows: Turkey (-% per year) and Oman (+% per year).


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , the amount of propelling or sliding pencils consumed in the Middle East dropped slightly to units, which is down by -% compared with . In general, consumption showed a noticeable reduction. As a result, consumption attained the peak volume of units. From 2011 to , the growth of the consumption remained at a lower figure.

The size of the sliding pencil market in the Middle East amounted to $ in , approximately equating 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). The total consumption indicated slight growth from 2007 to : its value increased at an average annual rate of +% over the last fifteen years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on figures, consumption decreased by -% against indices. As a result, consumption attained the peak level of $. From 2011 to , the growth of the market remained at a lower figure.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
The countries with the highest volumes of consumption in were Turkey ( units), Saudi Arabia ( units) and the United Arab Emirates ( units), together comprising % of total consumption. These countries were followed by Iraq, Oman, Iran and Israel, which together accounted for a further %.

From 2007 to , the most notable rate of growth in terms of consumption, amongst the key consuming countries, was attained by Iraq (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($) led the market, alone. The second position in the ranking was held by Turkey ($). It was followed by the United Arab Emirates.

In Saudi Arabia, the sliding pencil market increased at an average annual rate of +% over the period from 2007-. The remaining consuming countries recorded the following average annual rates of market growth: Turkey (-% per year) and the United Arab Emirates (-% per year).

In No countries sliding pencil per capita consumption remained relatively stable over the period from 2007-.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Depressed by shrinking demand for sliding pencil in the Middle East, the market is expected to continue its downward consumption trend over the next eight-year period. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .