MENA: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in MENA

The MENA's drawing ink pen market expanded markedly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, continues to indicate a pronounced shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Drawing Ink Pen Production in MENA

In value terms, drawing ink pen production expanded to $X in 2022 estimated in export price. Overall, production, however, saw a pronounced descent. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Drawing Ink Pen Exports

Exports in MENA

In 2022, the amount of indian ink drawing pens, fountain pens and stylograph pens exported in MENA surged to X units, rising by X% on 2021. In general, exports posted a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

In value terms, drawing ink pen exports soared to $X in 2022. Overall, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Turkey (X units) and the United Arab Emirates (X units) represented roughly X% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the United Arab Emirates (with a CAGR of X%).

In value terms, the United Arab Emirates ($X) remains the largest drawing ink pen supplier in MENA, comprising X% of total exports. The second position in the ranking was held by Turkey ($X), with an X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Turkey amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Drawing Ink Pen Imports

Imports in MENA

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported in MENA; picking up by X% on the previous year's figure. Overall, imports recorded a notable expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, drawing ink pen imports skyrocketed to $X in 2022. Total imports indicated a prominent expansion 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. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Turkey (X units) represented the largest importer of indian ink drawing pens, fountain pens and stylograph pens, constituting X% of total imports. Egypt (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the United Arab Emirates (X%). The following importers - Israel (X units), Iraq (X units), Algeria (X units) and Libya (X units) - each amounted to a X% share of total imports.

Turkey was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens imports, with a CAGR of X% from 2012 to 2022. At the same time, Algeria (X%), Israel (X%), Egypt (X%) and Libya (X%) displayed positive paces of growth. By contrast, Iraq (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) and Egypt (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Iraq (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest drawing ink pen importing markets in MENA were Turkey ($X), the United Arab Emirates ($X) and Egypt ($X), with a combined X% share of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per unit, falling by X% against the previous year. In general, the import price, however, continues to indicate measured growth. The growth pace was the most rapid in 2016 when the import price increased by X%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Libya ($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 Arab Emirates (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform