Kuwait: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Kuwait

The Kuwaiti porous-tipped pen market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Kuwait

Porous-tipped pen exports from Kuwait shrank dramatically to X units in 2021, reducing by -95.7% compared with the year before. Over the period under review, exports, however, posted a prominent increase. The pace of growth appeared the most rapid in 2017 with an increase of 3,093% against the previous year. The exports peaked at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, porous-tipped pen exports contracted rapidly to $X in 2021. Overall, exports, however, posted a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 3,882%. As a result, the exports reached the peak of $X, and then dropped rapidly in the following year.

Exports by Country

The United Arab Emirates (X units) was the main destination for porous-tipped pen exports from Kuwait, accounting for a 99% share of total exports. It was followed by Switzerland (X units), with a 1% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +38.7%.

In value terms, the United Arab Emirates ($X) remains the key foreign market for porous-tipped pens and markers exports from Kuwait, comprising 95% of total exports. The second position in the ranking was held by Switzerland ($X), with a 4.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +19.8%.

Export Prices by Country

In 2021, the average porous-tipped pen export price amounted to $X per unit, with an increase of 12% against the previous year. Over the period under review, the export price showed a tangible increase. The growth pace was the most rapid in 2019 an increase of 96%. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+19.6%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Kuwait

In 2021, purchases abroad of porous-tipped pens and markers was finally on the rise to reach X units after two years of decline. Over the period under review, total imports indicated a pronounced increase from 2012 to 2021: its volume increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 64% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, porous-tipped pen imports soared to $X in 2021. Overall, imports recorded a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), the United Arab Emirates (X units) and Germany (X units) were the main suppliers of porous-tipped pen imports to Kuwait, with a combined 62% share of total imports. These countries were followed by Japan, Indonesia, Taiwan (Chinese), Italy, Malaysia, South Korea, Vietnam and India, which together accounted for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +86.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest porous-tipped pen suppliers to Kuwait were the United Arab Emirates ($X), China ($X) and Germany ($X), with a combined 55% share of total imports. Japan, Indonesia, Vietnam, South Korea, Italy, Malaysia, Taiwan (Chinese) and India lagged somewhat behind, together accounting for a further 20%.

Vietnam, with a CAGR of +74.4%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, with an increase of 7.7% against the previous year. Overall, the import price, however, continues to indicate a mild curtailment. The pace of growth was the most pronounced in 2016 when the average import price increased by 15% against the previous year. As a result, import price attained the peak level of $X per unit. From 2017 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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