Angola: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Angola

The Angolan drawing ink pen market dropped modestly to $X in 2022, remaining relatively unchanged against the previous year. In general, the total consumption indicated a measured expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption decreased by X% against 2019 indices. As a result, consumption reached the peak level of $X. From 2020 to 2022, the growth of the market failed to regain momentum.

Drawing Ink Pen Production in Angola

In value terms, drawing ink pen production reduced modestly to $X in 2022 estimated in export price. Over the period under review, production posted a pronounced expansion. The growth pace was the most rapid in 2019 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Drawing Ink Pen Exports

Exports from Angola

In 2022, shipments abroad of indian ink drawing pens, fountain pens and stylograph pens increased by X% to X units, rising for the second consecutive year after three years of decline. In general, exports showed a significant expansion. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. The exports peaked at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing ink pen exports stood at $X in 2022. Overall, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Portugal (X units) was the main destination for drawing ink pen exports from Angola, accounting for a approx. X% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to Portugal amounted to X%.

In value terms, Portugal ($X) emerged as the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Angola.

From 2013 to 2022, the average annual growth rate of value to Portugal stood at X%.

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for Portugal.

From 2013 to 2022, the rate of growth in terms of prices for Sao Tome and Principe amounted to X% per year.

Drawing Ink Pen Imports

Imports into Angola

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported into Angola; increasing by X% compared with 2021 figures. In general, imports recorded a resilient increase. The pace of growth was the most pronounced in 2017 when imports increased by X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2020; however, from 2021 to 2022, imports failed to regain momentum.

In value terms, drawing ink pen imports rose rapidly to $X in 2022. Overall, imports, however, showed a deep setback. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing ink pen to Angola, with a X% share of total imports. Moreover, drawing ink pen imports from China exceeded the figures recorded by the second-largest supplier, Portugal (X units), fivefold. Belgium (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and Belgium (X% per year).

In value terms, China ($X), South Africa ($X) and Germany ($X) constituted the largest drawing ink pen suppliers to Angola, with a combined X% share of total imports.

In terms of the main suppliers, Germany, with a CAGR of X%, recorded the highest rates of growth with regard to 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 drawing ink pen import price amounted to $X per unit, waning by X% against the previous year. Overall, the import price continues to indicate a significant decline. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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