Middle East: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in the Middle East

The Middle Eastern porous-tipped pen market was finally on the rise to reach $X in 2021, after three years of decline. The market value increased at an average annual rate of +3.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market reached the maximum level at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Production in the Middle East

In value terms, porous-tipped pen production totaled $X in 2021 estimated in export price. The total production indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +3.3% over the last nine-year period. 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 growth pace was the most rapid in 2016 with an increase of 37% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Porous-Tipped Pen Exports

Exports in the Middle East

After two years of decline, overseas shipments of porous-tipped pens and markers increased by 19% to X units in 2021. Over the period under review, exports showed a perceptible increase. The growth pace was the most rapid in 2016 when exports increased by 35% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, porous-tipped pen exports surged to $X in 2021. In general, exports showed strong growth. 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

Turkey was the largest exporter of porous-tipped pens and markers in the Middle East, with the volume of exports recording X units, which was approx. 56% of total exports in 2021. The United Arab Emirates (X units) ranks second in terms of the total exports with a 31% share, followed by Oman (6.2%). Israel (X units) and Saudi Arabia (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Israel (with a CAGR of +60.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X), the United Arab Emirates ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined 94% share of total exports.

Among the main exporting countries, Israel, with a CAGR of +60.6%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in the Middle East stood at $X per unit in 2021, with an increase of 42% against the previous year. Export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.2% 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 2017 when the export price increased by 42%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Israel ($X per unit), while Oman ($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 the Middle East

In 2021, after three years of decline, there was significant growth in purchases abroad of porous-tipped pens and markers, when their volume increased by 28% to X units. The total import volume increased at an average annual rate of +4.3% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen imports skyrocketed to $X in 2021. In general, imports, however, showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Turkey (X units), the United Arab Emirates (X units) and Iraq (X units) was the largest importer of porous-tipped pens and markers in the Middle East, mixing up 73% of total import. It was distantly followed by Israel (X units), creating a 9.1% share of total imports. Kuwait (X units), Jordan (X units) and Yemen (X units) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Iraq (with a CAGR of +21.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest porous-tipped pen importing markets in the Middle East were Turkey ($X), the United Arab Emirates ($X) and Israel ($X), together comprising 66% of total imports. These countries were followed by Iraq, Kuwait, Jordan and Yemen, which together accounted for a further 18%.

Jordan, with a CAGR of +12.3%, recorded the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, which is down by -6.5% against the previous year. In general, the import price recorded a noticeable curtailment. The pace of growth was the most pronounced in 2019 when the import price increased by 19% against the previous year. Over the period under review, import prices reached the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Iraq ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Israel (+3.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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