In 2023, India imported approximately 552.2 thousand kilograms of pencil leads. The forecast for 2024 shows a 3.0% increase to 568.7 thousand kilograms. This positive trend continues with year-on-year growths of 3.1% in 2025, 2.9% in 2026, 2.8% in 2027, and 2.7% in 2028, reaching 636.75 thousand kilograms. Over five years, the compound annual growth rate (CAGR) is projected at 2.9%.

Future trends to watch for:

Potential changes in consumer preferences towards digital tools could affect demand.
Economic conditions and educational policies might influence import volumes.
Price variations in raw materials could impact the pencil lead market.