Panama: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Panama

The Panamanian drawing ink pen market rose sharply to $X in 2022, surging by X% against the previous year. Over the period under review, consumption, however, showed a slight contraction. Drawing ink pen consumption peaked at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Drawing Ink Pen Production in Panama

In value terms, drawing ink pen production dropped slightly to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable curtailment. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Drawing ink pen production peaked at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Drawing Ink Pen Exports

Exports from Panama

For the third consecutive year, Panama recorded growth in overseas shipments of indian ink drawing pens, fountain pens and stylograph pens, which increased by X% to X units in 2022. In general, exports continue to indicate a modest increase. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, drawing ink pen exports surged to $X in 2022. Overall, exports enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X units) was the main destination for drawing ink pen exports from Panama, with a X% share of total exports. Moreover, drawing ink pen exports to Hong Kong SAR exceeded the volume sent to the second major destination, the United States (X units), fivefold. Nicaragua (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nicaragua (X% per year).

In value terms, Hong Kong SAR ($X) emerged as the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Panama, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Nicaragua, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Hong Kong SAR amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Nicaragua (X% per year).

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, the export price continues to indicate a modest expansion. The pace of growth appeared the most rapid in 2015 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Guatemala ($X per unit), while the average price for exports to Guyana ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guatemala (X%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Ink Pen Imports

Imports into Panama

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported into Panama; rising by X% against the previous year's figure. In general, imports showed significant growth. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, drawing ink pen imports soared to $X in 2022. Over the period under review, imports posted a significant expansion. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the immediate term.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing ink pen to Panama, with a X% share of total imports. Moreover, drawing ink pen imports from China exceeded the figures recorded by the second-largest supplier, Spain (X units), more than tenfold. Germany (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and Germany (X% per year).

In value terms, China ($X) constituted the largest supplier of indian ink drawing pens, fountain pens and stylograph pens to Panama, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average drawing ink pen import price amounted to $X per unit, with a decrease of X% against the previous year. Overall, the import price saw a deep setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform