Serbia: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Serbia

The Serbian drawing ink pen market expanded rapidly to $X in 2022, rising by X% against the previous year. Over the period under review, consumption, however, continues to indicate a slight shrinkage. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Drawing Ink Pen Production in Serbia

In value terms, drawing ink pen production expanded significantly to $X in 2022 estimated in export price. In general, production, however, recorded a mild setback. The most prominent rate of growth was recorded in 2020 when the production volume increased by X% against the previous year. Drawing ink pen production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Drawing Ink Pen Exports

Exports from Serbia

In 2022, exports of indian ink drawing pens, fountain pens and stylograph pens from Serbia skyrocketed to X units, picking up by X% compared with 2021 figures. In general, exports showed a prominent increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, drawing ink pen exports soared to $X in 2022. Over the period under review, exports, however, showed a perceptible descent. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Romania (X units) was the main destination for drawing ink pen exports from Serbia, with a X% share of total exports. Moreover, drawing ink pen exports to Romania exceeded the volume sent to the second major destination, the UK (X units), threefold. China (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Romania stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and China (X% per year).

In value terms, the largest markets for drawing ink pen exported from Serbia were China ($X), the UK ($X) and Romania ($X), together comprising X% of total exports.

The UK, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average drawing ink pen export price amounted to $X per unit, growing by X% against the previous year. Over the period under review, the export price, however, saw a abrupt curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per unit), while the average price for exports to the United Arab Emirates ($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 China (X%), while the prices for the other major destinations experienced a decline.

Drawing Ink Pen Imports

Imports into Serbia

In 2022, overseas purchases of indian ink drawing pens, fountain pens and stylograph pens increased by X% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2019 to 2022, the growth of imports failed to regain momentum.

In value terms, drawing ink pen imports surged to $X in 2022. Over the period under review, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

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

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

In value terms, China ($X), Germany ($X) and France ($X) constituted the largest drawing ink pen suppliers to Serbia, with a combined X% share of total imports.

France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average drawing ink pen import price amounted to $X per unit, shrinking by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per unit in 2017; however, from 2018 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform