Africa: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Africa

The African pen or pencil sets market dropped to $X in 2022, declining by -7.2% against the previous year. In general, consumption continues to indicate a abrupt decrease. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in Africa

In value terms, pen or pencil sets production reduced to $X in 2022 estimated in export price. Over the period under review, production saw a drastic downturn. The growth pace was the most rapid in 2021 when the production volume increased by 25%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports in Africa

In 2022, overseas shipments of pen or pencil sets increased by 24% to X units, rising for the third year in a row after five years of decline. Overall, exports, however, saw a drastic downturn. The pace of growth was the most pronounced in 2013 with an increase of 158% against the previous year. The volume of export peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, pen or pencil sets exports reduced slightly to $X in 2022. Over the period under review, exports, however, continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. Over the period under review, the exports attained the maximum at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

South Africa was the largest exporter of pen or pencil sets in Africa, with the volume of exports amounting to X units, which was near 56% of total exports in 2022. Cameroon (X units) ranks second in terms of the total exports with a 28% share, followed by Uganda (8.9%). Namibia (X units) took a minor share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Cameroon (with a CAGR of +93.3%), while the other leaders experienced more modest paces of growth.

In value terms, South Africa ($X) remains the largest pen or pencil sets supplier in Africa, comprising 72% of total exports. The second position in the ranking was taken by Cameroon ($X), with a 20% share of total exports. It was followed by Uganda, with a 3.1% share.

In South Africa, pen or pencil sets exports declined by an average annual rate of -19.9% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Cameroon (+74.5% per year) and Uganda (+26.0% per year).

Export Prices by Country

The export price in Africa stood at $X per unit in 2022, declining by -21.9% against the previous year. In general, the export price faced a abrupt shrinkage. The growth pace was the most rapid in 2015 when the export price increased by 133%. Over the period under review, the export prices attained the peak figure at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Africa ($X per unit), while Uganda ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (+3.2%), while the other leaders experienced a decline in the export price figures.

Imports of Pen Or Pencil Sets

Imports in Africa

In 2022, overseas purchases of pen or pencil sets increased by 6.8% to X units, rising for the second year in a row after five years of decline. Overall, imports, however, recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 29% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, pen or pencil sets imports contracted slightly to $X in 2022. In general, imports, however, recorded a pronounced setback. The pace of growth appeared the most rapid in 2021 when imports increased by 24% against the previous year. The level of import peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

South Africa (X units) and Ghana (X units) represented roughly 34% of total imports in 2022. Senegal (X units) held the next position in the ranking, followed by Cote d'Ivoire (X units) and Cameroon (X units). All these countries together held near 22% share of total imports. Togo (X units), Kenya (X units), Libya (X units), Algeria (X units), Nigeria (X units), Namibia (X units), Burkina Faso (X units) and Mauritius (X units) held a relatively small share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Senegal (with a CAGR of +37.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest pen or pencil sets importing markets in Africa were South Africa ($X), Senegal ($X) and Ghana ($X), with a combined 47% share of total imports.

In terms of the main importing countries, Ghana, with a CAGR of +37.6%, saw 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 import price in Africa amounted to $X per unit, falling by -10.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 36% against the previous year. The level of import peaked at $X per unit in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Burkina Faso ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Cameroon (+9.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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