Report Update Nov 1, 2024

Nigeria - Refills for Ball-Point Pens - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Nigeria

The Nigerien ball pen refill market reached $X in 2021, growing by 6.7% against the previous year. Overall, consumption saw a significant increase. Ball pen refill consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ball Pen Refill Production in Nigeria

In value terms, ball pen refill production expanded remarkably to $X in 2021 estimated in export price. In general, production recorded a significant expansion. The growth pace was the most rapid in 2018 when the production volume increased by 92% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ball Pen Refill Exports

Exports from Nigeria

In 2021, approx. X units of refills for ball-point pens were exported from Nigeria; with an increase of 39% compared with the year before. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 381% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, ball pen refill exports surged to $X in 2021. Over the period under review, exports showed significant growth. The most prominent rate of growth was recorded in 2018 when exports increased by 67%. The exports peaked in 2021 and are likely to see steady growth in the near future.

Exports by Country

Ghana (X units) was the main destination for ball pen refill exports from Nigeria, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Ghana amounted to +64.4%.

In value terms, Ghana ($X) also remains the key foreign market for refills for ball-point pens exports from Nigeria.

From 2012 to 2021, the average annual growth rate of value to Ghana totaled +33.5%.

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per thousand units, rising by 20% against the previous year. In general, the export price, however, faced a deep downturn. Over the period under review, the average export prices reached the peak figure at $X per thousand units in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Ghana.

From 2012 to 2021, the rate of growth in terms of prices for Ghana amounted to -18.8% per year.

Ball Pen Refill Imports

Imports into Nigeria

In 2021, ball pen refill imports into Nigeria fell significantly to X units, dropping by -98% compared with 2020. Over the period under review, imports showed a abrupt descent. The most prominent rate of growth was recorded in 2020 with an increase of 598%. As a result, imports reached the peak of X units, and then plummeted in the following year.

In value terms, ball pen refill imports fell markedly to $X in 2021. In general, imports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 505% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the United Arab Emirates (X units) constituted the largest ball pen refill supplier to Nigeria, accounting for a 79% share of total imports. Moreover, ball pen refill imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, Switzerland (X units), tenfold. The third position in this ranking was held by China (X units), with a 6.2% share.

From 2012 to 2021, the average annual growth rate of volume from the United Arab Emirates stood at +116.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (+67.4% per year) and China (-30.6% per year).

In value terms, the United Arab Emirates ($X) constituted the largest supplier of refills for ball-point pens to Nigeria, comprising 71% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with an 11% share of total imports. It was followed by Switzerland, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from the United Arab Emirates amounted to +110.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+31.5% per year) and Switzerland (+36.4% per year).

Import Prices by Country

The average ball pen refill import price stood at $X per unit in 2021, picking up by 315% against the previous year. Over the period under review, the import price recorded resilient growth. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China ($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 (-3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for refills for ball-point pens in the world?

Italy constituted the country with the largest volume of ball pen refill consumption, comprising approx. 38% of total volume. Moreover, ball pen refill consumption in Italy exceeded the figures recorded by the second-largest consumer, China, twofold. The third position in this ranking was occupied by the United States, with a 7.1% share.

What are the largest producers of refills for ball-point pens in the world?

The countries with the highest volumes of ball pen refill production in 2020 were Italy, China and India, with a combined 72% share of global production.

What are the leading suppliers of refills for ball-point pens to Nigeria?

In value terms, India constituted the largest supplier of ball pen refill to Nigeria, comprising 79% of total imports. The second position in the ranking was occupied by the UK, with an 8.4% share of total imports. It was followed by Kenya, with a 7.1% share.

What are the leading importers of refills for ball-point pens from Nigeria?

In value terms, Ghana remains the key foreign market for ball pen refill exports from Nigeria.

What is the average export price for refills for ball-point pens in Nigeria?

In 2020, the average ball pen refill export price amounted to $0.1 per unit, waning by -25.4% against the previous year.

What is the average import price for refills for ball-point pens in Nigeria?

In 2020, the average ball pen refill import price amounted to $1.6 per unit, with an increase of 62% against the previous year.

This report provides an in-depth analysis of the ball pen refill market in Nigeria. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 32991430 - Refills for ball-point pens, comprising the ball-point and inkreservoir

Country coverage:

Nigeria

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Nigeria
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023