Egypt: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Egypt

In 2021, the Egyptian porous-tipped pen market decreased by -11.4% to $X for the first time since 2018, thus ending a two-year rising trend. Over the period under review, consumption showed a noticeable decrease. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Production in Egypt

In value terms, porous-tipped pen production dropped to $X in 2021 estimated in export price. Overall, production recorded a perceptible contraction. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. Porous-tipped pen production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Egypt

Porous-tipped pen exports from Egypt contracted remarkably to X units in 2021, which is down by -41.6% on the previous year. In general, exports, however, recorded a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of 2,088%. Over the period under review, the exports attained the maximum at X units in 2020, and then shrank significantly in the following year.

In value terms, porous-tipped pen exports dropped sharply to $X in 2021. Over the period under review, exports, however, recorded a resilient expansion. The pace of growth appeared the most rapid in 2018 when exports increased by 502% against the previous year. Over the period under review, the exports hit record highs at $X in 2020, and then reduced rapidly in the following year.

Exports by Country

Turkey (X units), Italy (X units) and Oman (X units) were the main destinations of porous-tipped pen exports from Egypt, together comprising 51% of total exports. These countries were followed by Malta, Madagascar, the United Arab Emirates, the Netherlands, China, Morocco, Cote d'Ivoire, Brazil and Saudi Arabia, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by China (with a CAGR of +129.1%), while the other leaders experienced more modest paces of growth.

In value terms, Oman ($X), Turkey ($X) and Malta ($X) appeared to be the largest markets for porous-tipped pen exported from Egypt worldwide, with a combined 53% share of total exports. Italy, the United Arab Emirates, the Netherlands, Madagascar, Brazil, China, Morocco, Saudi Arabia and Cote d'Ivoire lagged somewhat behind, together accounting for a further 36%.

Among the main countries of destination, China, with a CAGR of +104.6%, recorded the highest growth rate of 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 average porous-tipped pen export price stood at $X per unit in 2021, falling by -10.3% against the previous year. Overall, the export price recorded a deep downturn. The growth pace was the most rapid in 2019 an increase of 58%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Cote d'Ivoire (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+66.9%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Egypt

In 2021, purchases abroad of porous-tipped pens and markers decreased by -34.5% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep setback. The pace of growth appeared the most rapid in 2015 with an increase of 47%. 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, porous-tipped pen imports fell dramatically to $X in 2021. Overall, imports saw a drastic downturn. The growth pace was the most rapid in 2015 with an increase of 39% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Malaysia (X units) constituted the largest supplier of porous-tipped pen to Egypt, with a 29% share of total imports. Moreover, porous-tipped pen imports from Malaysia exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. The third position in this ranking was held by China (X units), with a 13% share.

From 2012 to 2021, the average annual growth rate of volume from Malaysia totaled -13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and China (-5.9% per year).

In value terms, Malaysia ($X) constituted the largest supplier of porous-tipped pens and markers to Egypt, comprising 30% of total imports. The second position in the ranking was taken by Germany ($X), with a 14% share of total imports. It was followed by China, with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Malaysia stood at -11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.9% per year) and China (-3.3% per year).

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, increasing by 5.5% against the previous year. Over the last nine-year period, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2020 an increase of 30% against the previous year. Over the period under review, average import prices reached the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for the Czech Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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