Colombia: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Colombia

The Colombian drawing ink pen market contracted significantly to $X in 2022, which is down by X% 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, however, continues to indicate tangible growth. Drawing ink pen consumption peaked at $X in 2021, and then dropped significantly in the following year.

Drawing Ink Pen Exports

Exports from Colombia

In 2022, shipments abroad of indian ink drawing pens, fountain pens and stylograph pens was finally on the rise to reach X units after three years of decline. Over the period under review, exports, however, faced a precipitous slump. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, drawing ink pen exports skyrocketed to $X in 2022. Overall, exports, however, continue to indicate a deep reduction. The exports peaked at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for drawing ink pen exports from Colombia, with a X% share of total exports. Moreover, drawing ink pen exports to the United States exceeded the volume sent to the second major destination, Germany (X units), fourfold. The third position in this ranking was held by Spain (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (X% per year) and Spain (X% per year).

In value terms, Germany ($X) remains the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Colombia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Germany amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Spain (X% per year).

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, surging by X% against the previous year. Over the period under review, the export price saw a buoyant increase. The most prominent rate of growth was recorded in 2020 when the average export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (X%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Ink Pen Imports

Imports into Colombia

Drawing ink pen imports into Colombia reduced notably to X units in 2022, which is down by X% compared with 2021. In general, imports, however, continue to indicate a noticeable increase. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X units in 2021, and then shrank notably in the following year.

In value terms, drawing ink pen imports reached $X in 2022. Overall, imports, however, showed moderate growth. The pace of growth appeared the most rapid in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing ink pen to Colombia, accounting for a X% share of total imports. Moreover, drawing ink pen imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. Japan (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 stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Japan (X% per year).

In value terms, Germany ($X) constituted the largest supplier of indian ink drawing pens, fountain pens and stylograph pens to Colombia, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Germany amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Hong Kong SAR (X% per year).

Import Prices by Country

The average drawing ink pen import price stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. Over the period under review, average import prices attained the peak figure at $X per unit in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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