Western Africa: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Western Africa

In 2021, the West African ball pen refill market decreased by -0.6% to $X for the first time since 2016, thus ending a four-year rising trend. In general, consumption recorded significant growth. Over the period under review, the market reached the maximum level at $X in 2020, and then shrank slightly in the following year.

Ball Pen Refill Production in Western Africa

In value terms, ball pen refill production reduced modestly to $X in 2021 estimated in export price. In general, production posted significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 80%. Over the period under review, production attained the peak level at $X in 2020, and then dropped in the following year.

Ball Pen Refill Exports

Exports in Western Africa

For the tenth year in a row, Western Africa recorded growth in shipments abroad of refills for ball-point pens, which increased by 39% to X units in 2021. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 379% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

In value terms, ball pen refill exports skyrocketed to $X in 2021. In general, exports saw significant growth. The pace of growth was the most pronounced in 2018 with an increase of 338% against the previous year. Over the period under review, the exports attained the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The shipments of the one major exporters of refills for ball-point pens, namely Nigeria, represented more than two-thirds of total export.

Nigeria was also the fastest-growing in terms of the refills for ball-point pens exports, with a CAGR of +64.4% from 2012 to 2021. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Nigeria ($X) also remains the largest ball pen refill supplier in Western Africa.

In Nigeria, ball pen refill exports increased at an average annual rate of +33.3% over the period from 2012-2021.

Export Prices by Country

The export price in Western Africa stood at $X per thousand units in 2021, growing by 12% against the previous year. Over the period under review, the export price, however, recorded a sharp decline. The most prominent rate of growth was recorded in 2018 when the export price increased by 121% against the previous year. The level of export peaked at $X per thousand units in 2014; however, from 2015 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 Nigeria.

From 2012 to 2021, the rate of growth in terms of prices for Nigeria amounted to -18.9% per year.

Ball Pen Refill Imports

Imports in Western Africa

Ball pen refill imports totaled X units in 2021, surging by 1.8% on the year before. Over the period under review, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2015 when imports increased by 121,919%. As a result, imports attained the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ball pen refill imports skyrocketed to $X in 2021. In general, imports recorded a noticeable expansion. The growth pace was the most rapid in 2014 when imports increased by 115% against the previous year. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Ghana was the main importing country with an import of about X units, which reached 60% of total imports. Cote d'Ivoire (X units) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (5.3%). The following importers - Mauritania (X units), Senegal (X units), Sierra Leone (X units) and Benin (X units) - together made up 11% of total imports.

Ghana was also the fastest-growing in terms of the refills for ball-point pens imports, with a CAGR of +14.7% from 2012 to 2021. Mauritania (-1.7%), Sierra Leone (-1.7%), Senegal (-11.2%), Guinea (-13.4%), Cote d'Ivoire (-16.9%) and Benin (-19.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Ghana increased by +51 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported refills for ball-point pens in Western Africa, comprising 80% of total imports. The second position in the ranking was held by Sierra Leone ($X), with an 8.3% share of total imports. It was followed by Cote d'Ivoire, with a 2.9% share.

In Ghana, ball pen refill imports increased at an average annual rate of +25.4% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Sierra Leone (+25.5% per year) and Cote d'Ivoire (-17.9% per year).

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2021, growing by 91% against the previous year. Over the period under review, the import price recorded a remarkable increase. The most prominent rate of growth was recorded in 2016 an increase of 176,008% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Sierra Leone ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sierra Leone (+27.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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