Updated Mar 24, 2023 20:12

Sliding Pencil Market in CIS

Market Overview
The CIS sliding pencil market totaled $ in , surging 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). In general, consumption continues to indicate a measured expansion. Over the period under review, the market hit record highs at $ in ; however, from to , consumption remained at a lower figure.

In value terms, sliding pencil production expanded markedly to $ in estimated in export price. Overall, production posted a prominent expansion. The pace of growth appeared the most rapid in 2012 when the production volume increased by %. The level of production peaked at $ in ; however, from to , production remained at a lower figure.

The country with the largest volume of sliding pencil production was Russia ( units), accounting for % of total volume. Moreover, sliding pencil production in Russia exceeded the figures recorded by the second-largest producer, Uzbekistan ( units), more than tenfold. The third position in this ranking was taken by Azerbaijan ( units), with a % share.

From 2007 to , the average annual rate of growth in terms of volume in Russia totaled +%. The remaining producing countries recorded the following average annual rates of production growth: Uzbekistan (+% per year) and Azerbaijan (+% per year).


Consumption
In , after two years of decline, there was growth in consumption of propelling or sliding pencils, when its volume increased by % to units. The total consumption indicated a modest expansion from 2007 to : its volume 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. Over the period under review, consumption attained the peak volume at units in 2017; however, from 2018 to , consumption stood at a somewhat lower figure.

The value of the sliding pencil market in the CIS expanded notably to $ in , with an increase of % 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 showed a tangible increase. Over the period under review, the market reached the peak level at $ in ; however, from to , consumption failed to regain momentum.


Consumption by Country
Russia ( units) constituted the country with the largest volume of sliding pencil consumption, accounting for % of total volume. Moreover, sliding pencil consumption in Russia exceeded the figures recorded by the second-largest consumer, Uzbekistan ( units), more than tenfold. Azerbaijan ( units) ranked third in terms of total consumption with a % share.

In Russia, sliding pencil consumption expanded at an average annual rate of +% over the period from 2007-. In the other countries, the average annual rates were as follows: Uzbekistan (+% per year) and Azerbaijan (+% per year).

In value terms, Russia ($) led the market, alone. The second position in the ranking was held by Uzbekistan ($). It was followed by Azerbaijan.

From 2007 to , the average annual rate of growth in terms of value in Russia stood at +%. In the other countries, the average annual rates were as follows: Uzbekistan (+% per year) and Azerbaijan (+% per year).

The countries with the highest levels of sliding pencil per capita consumption in were Azerbaijan ( units per person), Russia ( units per person) and Kyrgyzstan ( units per person).

From 2007 to , the biggest increases were recorded for Uzbekistan (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for propelling or sliding pencils in the CIS, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase 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 .