MENA: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in MENA

The MENA's pen or pencil sets market expanded remarkably to $X in 2022, with an increase of 7.1% against the previous year. Overall, consumption, however, recorded a abrupt descent. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in MENA

In value terms, pen or pencil sets production dropped to $X in 2022 estimated in export price. Over the period under review, production saw a abrupt contraction. The growth pace was the most rapid in 2021 when the production volume increased by 21% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports in MENA

In 2022, overseas shipments of pen or pencil sets decreased by -51.7% to X units, falling for the third consecutive year after two years of growth. Overall, exports continue to indicate a slight contraction. The pace of growth was the most pronounced in 2015 when exports increased by 95%. Over the period under review, the exports hit record highs at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pen or pencil sets exports declined remarkably to $X in 2022. In general, exports saw a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when exports increased by 71%. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Jordan dominates exports structure, accounting for X units, which was near 94% of total exports in 2022. The United Arab Emirates (X units) took a little share of total exports.

From 2012 to 2022, average annual rates of growth with regard to pen or pencil sets exports from Jordan stood at -1.6%. At the same time, the United Arab Emirates (+1.1%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of +1.1% from 2012-2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Jordan ($X) remains the largest pen or pencil sets supplier in MENA, comprising 95% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Jordan totaled -8.2%.

Export Prices by Country

The export price in MENA stood at $X per unit in 2022, picking up by 32% against the previous year. Over the period under review, the export price, however, recorded a abrupt descent. The growth pace was the most rapid in 2014 when the export price increased by 48% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+7.1%).

Imports of Pen Or Pencil Sets

Imports in MENA

In 2022, purchases abroad of pen or pencil sets was finally on the rise to reach X units after two years of decline. In general, imports, however, saw a drastic downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 95% against the previous year. As a result, imports reached the peak of X units. From 2020 to 2022, the growth of imports remained at a lower figure.

In value terms, pen or pencil sets imports expanded sharply to $X in 2022. Overall, imports, however, recorded a abrupt decline. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United Arab Emirates (X units) represented the major importer of pen or pencil sets, making up 59% of total imports. Qatar (X units) ranks second in terms of the total imports with a 13% share, followed by Jordan (4.5%). Israel (X units), Iran (X units), Kuwait (X units), Oman (X units), Libya (X units) and Algeria (X units) took a relatively small share of total imports.

Imports into the United Arab Emirates decreased at an average annual rate of -1.5% from 2012 to 2022. At the same time, Israel (+10.3%) and Libya (+2.4%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in MENA, with a CAGR of +10.3% from 2012-2022. By contrast, Oman (-3.5%), Jordan (-6.1%), Iran (-8.5%), Algeria (-9.2%), Qatar (-11.3%) and Kuwait (-17.9%) illustrated a downward trend over the same period. The United Arab Emirates (+25 p.p.) and Israel (+3.2 p.p.) significantly strengthened its position in terms of the total imports, while Qatar and Kuwait saw its share reduced by -7.8% and -9.2% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pen or pencil sets in MENA, comprising 70% of total imports. The second position in the ranking was taken by Jordan ($X), with a 4.9% share of total imports. It was followed by Israel, with a 4.3% share.

In the United Arab Emirates, pen or pencil sets imports plunged by an average annual rate of -11.4% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Jordan (-4.2% per year) and Israel (+7.7% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, waning by -27.4% against the previous year. In general, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2020 when the import price increased by 161%. Over the period under review, import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Qatar ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Algeria (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform