Western Africa: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Western Africa

The West African drawing ink pen market rose markedly to $X in 2022, increasing by X% against the previous year. Overall, consumption showed a buoyant increase. Over the period under review, the market reached the peak level at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Drawing Ink Pen Production in Western Africa

In value terms, drawing ink pen production rose notably to $X in 2022 estimated in export price. In general, production recorded buoyant growth. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Drawing Ink Pen Exports

Exports in Western Africa

Drawing ink pen exports contracted rapidly to X units in 2022, with a decrease of X% against the previous year. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2021, and then reduced dramatically in the following year.

In value terms, drawing ink pen exports fell dramatically to $X in 2022. Over the period under review, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Sierra Leone represented the key exporting country with an export of around X units, which finished at X% of total exports. It was distantly followed by Senegal (X units), mixing up a X% share of total exports. Benin (X units) held a relatively small share of total exports.

Sierra Leone was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens exports, with a CAGR of X% from 2012 to 2022. Benin experienced a relatively flat trend pattern. Senegal (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Sierra Leone and Benin increased by X and X percentage points, respectively.

In value terms, the largest drawing ink pen supplying countries in Western Africa were Sierra Leone ($X), Senegal ($X) and Benin ($X), with a combined X% share of total exports.

Sierra Leone, with a CAGR of X%, saw 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 more modest paces of growth.

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, rising by X% against the previous year. Overall, the export price saw a notable increase. The most prominent rate of growth was recorded in 2014 an increase of X%. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Benin ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%).

Drawing Ink Pen Imports

Imports in Western Africa

Drawing ink pen imports contracted markedly to X units in 2022, declining by X% compared with 2021 figures. In general, imports recorded a abrupt slump. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, drawing ink pen imports rose significantly to $X in 2022. Over the period under review, imports saw a noticeable setback. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Ghana (X units) and Cabo Verde (X units) were the main importers of indian ink drawing pens, fountain pens and stylograph pens in 2022, reaching approx. X% and X% of total imports, respectively. Senegal (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Mauritania (X%), Guinea (X%) and Nigeria (X%). Cote d'Ivoire (X units) took a little share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Cabo Verde (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Cabo Verde ($X), Ghana ($X) and Cote d'Ivoire ($X) were the countries with the highest levels of imports in 2022, together accounting for X% of total imports.

Cabo Verde, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, jumping by X% against the previous year. In general, the import price enjoyed mild growth. The level of import peaked at $X per unit in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ghana (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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