Morocco: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Morocco

The Moroccan ball pen refill market fell rapidly to $X in 2021, which is down by -22.3% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a sharp decrease. Ball pen refill consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Ball Pen Refill Exports

Exports from Morocco

In 2021, after three years of decline, there was significant growth in shipments abroad of refills for ball-point pens, when their volume increased by 1,915% to X units. Overall, exports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2016 when exports increased by 12,578% against the previous year. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, ball pen refill exports surged to $X in 2021. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2016 when exports increased by 12,283% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for ball pen refill exports from Morocco, with a 82% share of total exports. Moreover, ball pen refill exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Senegal (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cote d'Ivoire totaled +150.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+37.2% per year) and France (+20.1% per year).

In value terms, Cote d'Ivoire ($X) remains the key foreign market for refills for ball-point pens exports from Morocco, comprising 82% of total exports. The second position in the ranking was held by Senegal ($X), with an 11% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Cote d'Ivoire stood at +108.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+13.0% per year) and France (-1.1% per year).

Export Prices by Country

The average ball pen refill export price stood at $X per unit in 2021, which is down by -17.6% against the previous year. Over the period under review, the export price continues to indicate a abrupt slump. The pace of growth was the most pronounced in 2017 an increase of 2.3% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-14.9%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into Morocco

In 2021, approx. X units of refills for ball-point pens were imported into Morocco; falling by -18.7% against the previous year. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 194% against the previous year. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports shrank to $X in 2021. Overall, imports saw a precipitous slump. The growth pace was the most rapid in 2017 when imports increased by 23% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen refill to Morocco, accounting for a 80% share of total imports. Moreover, ball pen refill imports from China exceeded the figures recorded by the second-largest supplier, France (X units), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +70.6%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-35.6% per year) and Japan (+21.3% per year).

In value terms, the largest ball pen refill suppliers to Morocco were China ($X), Japan ($X) and France ($X), together accounting for 70% of total imports.

In terms of the main suppliers, China, with a CAGR of +65.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, with an increase of 12% against the previous year. Overall, the import price, however, showed a mild descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by 242%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for France ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+11.7%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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