ECOWAS: Ball Pen Market 2024

Ball Pen Market Size in ECOWAS

The ECOWAS ball pen market rose significantly to $X in 2022, surging by X% against the previous year. In general, consumption showed a slight downturn. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ball Pen Production in ECOWAS

In value terms, ball pen production totaled $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced reduction. The growth pace was the most rapid in 2017 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ball Pen Exports

Exports in ECOWAS

In 2022, shipments abroad of ball-point pens increased by X% to X units, rising for the fifth year in a row after three years of decline. Overall, exports enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see steady growth in years to come.

In value terms, ball pen exports reduced modestly to $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

Cote d'Ivoire prevails in exports structure, accounting for X units, which was approx. X% of total exports in 2022. It was distantly followed by Ghana (X units), mixing up a X% share of total exports. Nigeria (X units) held a minor share of total exports.

Cote d'Ivoire was also the fastest-growing in terms of the ball-point pens exports, with a CAGR of X% from 2012 to 2022. At the same time, Nigeria (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Nigeria (X p.p.) and Ghana (X p.p.) displayed negative dynamics.

In value terms, Cote d'Ivoire ($X) remains the largest ball pen supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

In Cote d'Ivoire, ball pen exports contracted by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Ghana (X% per year).

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, declining by X% against the previous year. Over the period under review, the export price recorded a abrupt slump. The pace of growth was the most pronounced in 2015 an increase of X% against the previous year. The level of export peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nigeria ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Ball Pen Imports

Imports in ECOWAS

In 2022, approx. X units of ball-point pens were imported in ECOWAS; with a decrease of X% on the previous year. Total imports indicated a notable increase from 2012 to 2022: its volume 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, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X units in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, ball pen imports reduced to $X in 2022. In general, imports continue to indicate a mild downturn. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of ball pen imports in 2022 were Guinea (X units), Cote d'Ivoire (X units), Ghana (X units), Mali (X units), Sierra Leone (X units) and Liberia (X units), together recording X% of total import.

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

In value terms, Cote d'Ivoire ($X), Guinea ($X) and Ghana ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of total imports. Mali, Sierra Leone and Liberia lagged somewhat behind, together comprising a further X%.

Mali, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, surging by X% against the previous year. Overall, the import price, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2016 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Liberia (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform