GCC: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in GCC

In 2021, the GCC porous-tipped pen market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. The total consumption indicated a measured expansion from 2012 to 2021: its value increased at an average annual rate of +4.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Production in GCC

In value terms, porous-tipped pen production stood at $X in 2021 estimated in export price. The total production indicated measured growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -29.2% against 2018 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 37% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports in GCC

In 2021, overseas shipments of porous-tipped pens and markers decreased by -23.5% to X units, falling for the fifth consecutive year after two years of growth. Over the period under review, exports saw a pronounced contraction. The pace of growth was the most pronounced in 2015 when exports increased by 84%. The volume of export peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports soared to $X in 2021. Overall, exports, however, saw noticeable growth. The most prominent rate of growth was recorded in 2016 with an increase of 93%. Over the period under review, the exports hit record highs at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United Arab Emirates represented the key exporter of porous-tipped pens and markers in GCC, with the volume of exports recording X units, which was near 79% of total exports in 2021. Oman (X units) ranks second in terms of the total exports with a 16% share, followed by Saudi Arabia (5.2%).

From 2012 to 2021, average annual rates of growth with regard to porous-tipped pen exports from the United Arab Emirates stood at -4.5%. At the same time, Oman (+50.4%) and Saudi Arabia (+31.1%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing exporter exported in GCC, with a CAGR of +50.4% from 2012-2021. While the share of Oman (+15 p.p.) and Saudi Arabia (+4.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-19.7 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest porous-tipped pen supplier in GCC, comprising 87% of total exports. The second position in the ranking was held by Oman ($X), with an 8.3% share of total exports.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +3.5%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+45.4% per year) and Saudi Arabia (+26.8% per year).

Export Prices by Country

The export price in GCC stood at $X per unit in 2021, rising by 65% against the previous year. Overall, the export price enjoyed buoyant growth. The most prominent rate of growth was recorded in 2017 when the export price increased by 68%. Over the period under review, the export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+8.3%), while the other leaders experienced a decline in the export price figures.

Porous-Tipped Pen Imports

Imports in GCC

In 2021, approx. X units of porous-tipped pens and markers were imported in GCC; picking up by 81% compared with the previous year. Total imports indicated buoyant growth from 2012 to 2021: its volume increased at an average annual rate of +7.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen imports soared to $X in 2021. Over the period under review, imports, however, recorded a mild contraction. The pace of growth was the most pronounced in 2019 when imports increased by 25% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the key importer of porous-tipped pens and markers in GCC, with the volume of imports recording X units, which was near 79% of total imports in 2021. It was distantly followed by Kuwait (X units), constituting a 12% share of total imports. Qatar (X units), Oman (X units) and Bahrain (X units) followed a long way behind the leaders.

The United Arab Emirates was also the fastest-growing in terms of the porous-tipped pens and markers imports, with a CAGR of +9.8% from 2012 to 2021. At the same time, Qatar (+6.3%), Oman (+3.9%) and Kuwait (+2.1%) displayed positive paces of growth. Bahrain experienced a relatively flat trend pattern. The United Arab Emirates (+12 p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and Kuwait saw its share reduced by -2.2% and -7.7% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported porous-tipped pens and markers in GCC, comprising 60% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 9.8% share of total imports. It was followed by Qatar, with a 3.9% share.

In the United Arab Emirates, porous-tipped pen imports expanded at an average annual rate of +2.9% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+0.3% per year) and Qatar (+5.7% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2021, shrinking by -32.6% against the previous year. Over the period under review, the import price saw a abrupt slump. The most prominent rate of growth was recorded in 2015 when the import price increased by 26% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Qatar ($X per unit) and Bahrain ($X per unit), while the United Arab Emirates ($X per unit) and Oman ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+2.0%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform