Ecuador: Ball Pen Market 2024

Ball Pen Market Size in Ecuador

In 2022, the Ecuadorian ball pen market decreased by X% to $X for the first time since 2019, thus ending a two-year rising trend. In general, the total consumption indicated noticeable growth from 2012 to 2022: its value 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, consumption increased by X% against 2019 indices. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Ball Pen Production in Ecuador

In value terms, ball pen production shrank to $X in 2022 estimated in export price. Over the period under review, production saw a perceptible decline. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Ball pen production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

Ball Pen Exports

Exports from Ecuador

In 2022, overseas shipments of ball-point pens were finally on the rise to reach X units for the first time since 2017, thus ending a four-year declining trend. Overall, exports, however, showed a sharp decline. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, ball pen exports soared to $X in 2022. In general, exports, however, showed a dramatic downturn. Over the period under review, the exports attained the peak figure at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Chile (X units), Colombia (X units) and Venezuela (X units) were the main destinations of ball pen exports from Ecuador, with a combined X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Venezuela (with a CAGR of X%), while the other leaders experienced a decline.

In value terms, Chile ($X) remains the key foreign market for ball-point pens exports from Ecuador, comprising X% of total exports. The second position in the ranking was taken by Colombia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Chile amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (X% per year) and Venezuela (X% per year).

Export Prices by Country

In 2022, the average ball pen export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, export price indicated a modest expansion 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, ball pen export price decreased by X% against 2020 indices. The growth pace was the most rapid in 2020 when the average export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2021 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Venezuela (less than $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 Colombia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Ball Pen Imports

Imports into Ecuador

In 2022, the amount of ball-point pens imported into Ecuador fell sharply to X units, waning by X% compared with 2021 figures. Overall, imports recorded a pronounced slump. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, ball pen imports fell to $X in 2022. Over the period under review, imports showed a abrupt decline. The pace of growth appeared the most rapid in 2017 when imports increased by X%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Brazil (X units) and India (X units) were the main suppliers of ball pen imports to Ecuador, together accounting for X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, China ($X), Brazil ($X) and Peru ($X) were the largest ball pen suppliers to Ecuador, with a combined X% share of total imports.

In terms of the main suppliers, Brazil, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2022, the average ball pen import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price, however, showed a pronounced contraction. Over the period under review, average import prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for India (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 the United States (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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