Report Update Nov 1, 2024

ECOWAS - Refills for Ball-Point Pens - Market Analysis, Forecast, Size, Trends and Insights

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ECOWAS: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in ECOWAS

After four years of growth, the ECOWAS ball pen refill market decreased by -0.6% to $X in 2021. Over the period under review, consumption saw significant growth. Over the period under review, the market attained the peak level at $X in 2020, and then fell in the following year.

Ball Pen Refill Production in ECOWAS

In value terms, ball pen refill production reduced to $X in 2021 estimated in export price. Overall, production continues to indicate a significant increase. The pace of growth appeared the most rapid in 2018 with an increase of 80% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then reduced modestly in the following year.

Ball Pen Refill Exports

Exports in ECOWAS

In 2021, approx. X units of refills for ball-point pens were exported in ECOWAS; picking up by 39% on the previous year's figure. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2015 when exports increased by 379%. The volume of export peaked in 2021 and is likely to see steady growth in years to come.

In value terms, ball pen refill exports surged to $X in 2021. Overall, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of 338%. Over the period under review, the exports reached the maximum in 2021 and are likely to continue growth in years to come.

Exports by Country

The shipments of the one major exporters of refills for ball-point pens, namely Nigeria, represented more than two-thirds of total export.

Nigeria was also the fastest-growing in terms of the refills for ball-point pens exports, with a CAGR of +64.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest ball pen refill supplier in ECOWAS.

From 2012 to 2021, the average annual growth rate of value in Nigeria totaled +33.3%.

Export Prices by Country

The export price in ECOWAS stood at $X per thousand units in 2021, picking up by 12% against the previous year. In general, the export price, however, saw a dramatic slump. The pace of growth was the most pronounced in 2018 an increase of 121%. The level of export peaked at $X per thousand units in 2014; however, from 2015 to 2021, 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 Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -18.9% per year.

Ball Pen Refill Imports

Imports in ECOWAS

In 2021, the amount of refills for ball-point pens imported in ECOWAS reached X units, with an increase of 1.8% on the previous year's figure. Overall, imports, however, continue to indicate a deep contraction. The pace of growth was the most pronounced in 2015 when imports increased by 122,196% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a lower figure.

In value terms, ball pen refill imports skyrocketed to $X in 2021. Over the period under review, imports saw a strong expansion. The growth pace was the most rapid in 2014 with an increase of 147% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Ghana was the main importer of refills for ball-point pens in ECOWAS, with the volume of imports amounting to X units, which was near 62% of total imports in 2021. Cote d'Ivoire (X units) took the second position in the ranking, distantly followed by Guinea (X units). All these countries together held near 26% share of total imports. Senegal (X units), Sierra Leone (X units), Benin (X units) and Niger (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the refills for ball-point pens imports, with a CAGR of +14.7% from 2012 to 2021. Sierra Leone (-1.7%), Senegal (-11.2%), Guinea (-13.4%), Niger (-16.1%), Cote d'Ivoire (-16.9%) and Benin (-19.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana increased by +53 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported refills for ball-point pens in ECOWAS, comprising 81% of total imports. The second position in the ranking was taken by Sierra Leone ($X), with an 8.4% share of total imports. It was followed by Cote d'Ivoire, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Ghana amounted to +25.4%. The remaining importing countries recorded the following average annual rates of imports growth: Sierra Leone (+25.5% per year) and Cote d'Ivoire (-17.9% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2021, increasing by 94% against the previous year. Overall, the import price posted a prominent increase. The pace of growth was the most pronounced in 2016 an increase of 169,439%. Over the period under review, import prices reached the peak figure in 2021 and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Sierra Leone ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+27.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

This report provides an in-depth analysis of the ball pen refill market in ECOWAS. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32991430 - Refills for ball-point pens, comprising the ball-point and inkreservoir

Country coverage:

Benin
Burkina Faso
Cabo Verde
Gambia
Ghana
Guinea
Guinea-Bissau
Liberia
Mali
Niger
Nigeria
Senegal
Sierra Leone
Togo
Cote d'Ivoire

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in ECOWAS, split by region and country
Trade (exports and imports) in ECOWAS
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. CONSUMPTION BY COUNTRY
3. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Niger
- Nigeria
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023