Middle East: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in the Middle East

The Middle Eastern ball pen refill market amounted to $X in 2021, stabilizing at the previous year. Overall, consumption, however, recorded a significant increase. The level of consumption peaked in 2021 and is likely to see steady growth in years to come.

Ball Pen Refill Production in the Middle East

In value terms, ball pen refill production shrank to $X in 2021 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 76% against the previous year. The level of production peaked at $X in 2020, and then reduced modestly in the following year.

Ball Pen Refill Exports

Exports in the Middle East

Ball pen refill exports skyrocketed to X units in 2021, jumping by 25% on the previous year. Overall, exports showed a tangible increase. The growth pace was the most rapid in 2019 when exports increased by 114%. As a result, the exports attained the peak of X units. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, ball pen refill exports skyrocketed to $X in 2021. In general, exports, however, showed a slight downturn. The most prominent rate of growth was recorded in 2014 when exports increased by 99% against the previous year. The level of export peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Turkey was the main exporter of refills for ball-point pens in the Middle East, with the volume of exports reaching X units, which was approx. 75% of total exports in 2021. Israel (X units) ranks second in terms of the total exports with an 18% share, followed by the United Arab Emirates (6.5%).

From 2012 to 2021, average annual rates of growth with regard to ball pen refill exports from Turkey stood at +9.5%. At the same time, Israel (+14.2%) displayed positive paces of growth. Moreover, Israel emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +14.2% from 2012-2021. By contrast, the United Arab Emirates (-13.5%) illustrated a downward trend over the same period. While the share of Turkey (+29 p.p.) and Israel (+10 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of the United Arab Emirates (-26.2 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of exports in 2021, with a combined 100% share of total exports.

Turkey, with a CAGR of +9.8%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, increasing by 52% against the previous year. In general, the export price, however, continues to indicate a perceptible downturn. The level of export peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

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 the United Arab Emirates ($X per unit), while Turkey ($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 (+23.5%), while the other leaders experienced mixed trends in the export price figures.

Ball Pen Refill Imports

Imports in the Middle East

In 2021, ball pen refill imports in the Middle East skyrocketed to X units, picking up by 89% compared with the previous year. Total imports indicated a slight increase from 2012 to 2021: its volume increased at an average annual rate of +1.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.9% against 2019 indices. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 with an increase of 34% against the previous year. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of refills for ball-point pens in the Middle East, with the volume of imports resulting at X units, which was near 71% of total imports in 2021. Turkey (X units) took the second position in the ranking, distantly followed by Iran (X units). All these countries together held near 21% share of total imports. The following importers - Israel (X units) and Iraq (X units) - each resulted at a 5.7% share of total imports.

The United Arab Emirates was also the fastest-growing in terms of the refills for ball-point pens imports, with a CAGR of +21.0% from 2012 to 2021. At the same time, Iraq (+4.1%) and Israel (+3.2%) displayed positive paces of growth. By contrast, Turkey (-10.1%) and Iran (-15.6%) illustrated a downward trend over the same period. While the share of the United Arab Emirates (+57 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Turkey (-26.9 p.p.) and Iran (-28.9 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 ($X), Turkey ($X) and Israel ($X) constituted the countries with the highest levels of imports in 2021, together accounting for 87% of total imports.

Israel, with a CAGR of +11.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in the Middle East stood at $X per unit in 2021, shrinking by -29.3% against the previous year. In general, the import price showed a slight reduction. The most prominent rate of growth was recorded in 2020 when the import price increased by 37%. As a result, import price reached the peak level of $X per unit, and then contracted notably in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Israel ($X per unit), while Iran (less than $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 (+7.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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