ECOWAS: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in ECOWAS

The ECOWAS drawing ink pen market expanded sharply to $X in 2022, increasing by X% against the previous year. Overall, consumption saw a prominent increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Drawing Ink Pen Production in ECOWAS

In value terms, drawing ink pen production expanded remarkably to $X in 2022 estimated in export price. In general, production enjoyed a strong expansion. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Drawing Ink Pen Exports

Exports in ECOWAS

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were exported in ECOWAS; with a decrease of X% against 2021. In general, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The volume of export peaked at X units in 2021, and then reduced rapidly in the following year.

In value terms, drawing ink pen exports shrank rapidly to $X in 2022. Overall, exports, however, saw a modest expansion. The pace of growth was the most pronounced in 2014 when exports increased by X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Sierra Leone (X units) represented the major exporter of indian ink drawing pens, fountain pens and stylograph pens, achieving X% of total exports. It was distantly followed by Senegal (X units), constituting a X% share of total exports. Benin (X units) followed a long way behind the leaders.

Sierra Leone was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens exports, with a CAGR of X% from 2012 to 2022. Benin experienced a relatively flat trend pattern. Senegal (X%) illustrated a downward trend over the same period. Sierra Leone (X p.p.) and Benin (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Sierra Leone ($X), Senegal ($X) and Benin ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, increasing by X% against the previous year. In general, the export price saw measured growth. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2015 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 Senegal ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Drawing Ink Pen Imports

Imports in ECOWAS

In 2022, the amount of indian ink drawing pens, fountain pens and stylograph pens imported in ECOWAS reduced sharply to X units, which is down by X% compared with 2021 figures. Overall, imports continue to indicate a abrupt decrease. The growth pace was the most rapid in 2018 with an increase of X%. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing ink pen imports fell modestly to $X in 2022. Over the period under review, imports continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

Ghana (X units) and Cabo Verde (X units) represented the major importers of indian ink drawing pens, fountain pens and stylograph pens in 2022, accounting for near X% and X% of total imports, respectively. It was distantly followed by Senegal (X units), Guinea (X units), Nigeria (X units), Cote d'Ivoire (X units) and Mali (X units), together generating a X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Cabo Verde (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X), Ghana ($X) and Cote d'Ivoire ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Cabo Verde, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among 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

In 2022, the import price in ECOWAS amounted to $X per unit, growing by X% against the previous year. Import price indicated modest growth from 2012 to 2022: its price 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, drawing ink pen import price decreased by X% against 2018 indices. Over the period under review, import prices reached the maximum at $X per unit in 2017; however, from 2018 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 Cote d'Ivoire ($X per unit), while Senegal ($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 import price figures.

Source: IndexBox Platform