ECOWAS: Ball Pen Refill Market 2025

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