Middle East: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in the Middle East

The Middle Eastern pen or pencil sets market totaled $X in 2022, picking up by 7.9% against the previous year. Overall, consumption, however, saw a abrupt setback. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Production of Pen Or Pencil Sets in the Middle East

In value terms, pen or pencil sets production declined to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of 22%. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Exports of Pen Or Pencil Sets

Exports in the Middle East

In 2022, shipments abroad of pen or pencil sets decreased by -51.7% to X units, falling for the third consecutive year after two years of growth. Over the period under review, exports saw a mild downturn. The pace of growth was the most pronounced in 2015 with an increase of 94%. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pen or pencil sets exports dropped markedly to $X in 2022. Overall, exports continue to indicate a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 71% against the previous year. 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, finishing at X units, which was near 94% of total exports in 2022. The United Arab Emirates (X units) followed a long way behind the leaders.

Exports from Jordan decreased at an average annual rate of -1.6% from 2012 to 2022. 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 the Middle East, 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 ($X) remains the largest pen or pencil sets supplier in the Middle East, comprising 96% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 3.3% share of total exports.

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

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2022, with an increase of 32% against the previous year. In general, the export price, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 an increase of 48%. As a result, the export price attained the peak level of $X per unit. From 2015 to 2022, the export prices failed to regain momentum.

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 stood at $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 the Middle East

In 2022, overseas purchases of pen or pencil sets were finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2019 with an increase of 97% against the previous year. As a result, imports attained 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 rose rapidly to $X in 2022. In general, imports, however, saw a deep slump. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the key importing country with an import of around X units, which finished at 62% of total imports. Qatar (X units) ranks second in terms of the total imports with a 13% share, followed by Jordan (4.7%). Israel (X units), Iran (X units), Kuwait (X units) and Oman (X units) followed a long way behind the leaders.

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%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +10.3% from 2012-2022. By contrast, Oman (-3.5%), Jordan (-6.1%), Iran (-8.5%), Qatar (-11.3%) and Kuwait (-17.9%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+27 p.p.) and Israel (+3.4 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Qatar (-8.3 p.p.) and Kuwait (-9.7 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported pen or pencil sets in the Middle East, comprising 73% of total imports. The second position in the ranking was held by Jordan ($X), with a 5.2% share of total imports. It was followed by Israel, with a 4.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to -11.4%. In the other countries, the average annual rates were as follows: Jordan (-4.2% per year) and Israel (+7.7% per year).

Import Prices by Country

In 2022, the import price in the Middle East amounted to $X per unit, shrinking by -27.8% against the previous year. Overall, the import price showed a abrupt slump. The growth pace was the most rapid in 2020 an increase of 169% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a 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 Jordan (+2.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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