Bangladesh: Ball Pen Market 2022

Ball Pen Market Size in Bangladesh

In 2021, the Bangladeshi ball pen market was finally on the rise to reach $X after two years of decline. Overall, consumption saw a remarkable increase. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Ball Pen Exports

Exports from Bangladesh

In 2021, approx. X units of ball-point pens were exported from Bangladesh; growing by X% against the previous year's figure. Over the period under review, exports recorded significant growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, ball pen exports declined to $X in 2021. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by X%. Over the period under review, the exports reached the peak figure at $X in 2020, and then contracted in the following year.

Exports by Country

The UK (X units) was the main destination for ball pen exports from Bangladesh, with a X% share of total exports. Moreover, ball pen exports to the UK exceeded the volume sent to the second major destination, Poland (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK amounted to +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+X% per year) and Switzerland (+X% per year).

In value terms, the UK ($X), Poland ($X) and Switzerland ($X) constituted the largest markets for ball pen exported from Bangladesh worldwide, together comprising X% of total exports.

Poland, with a CAGR of +X%, saw 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

The average ball pen export price stood at $X per unit in 2021, which is down by -X% against the previous year. Over the period under review, the export price showed a dramatic decrease. The most prominent rate of growth was recorded in 2019 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Poland ($X per unit), while the average price for exports to Switzerland (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+X%), while the prices for the other major destinations experienced a decline.

Ball Pen Imports

Imports into Bangladesh

In 2021, purchases abroad of ball-point pens was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. In general, imports showed a buoyant increase. The pace of growth was the most pronounced in 2018 with an increase of X%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ball pen imports surged to $X in 2021. Overall, imports continue to indicate prominent growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

China (X units) and India (X units) were the main suppliers of ball pen imports to Bangladesh.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +X value terms, the largest ball pen suppliers to Bangladesh were China ($X) and India ($X, with a CAGR of +X%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

In 2021, the average ball pen import price amounted to $X per unit, approximately reflecting the previous year. Overall, the import price enjoyed a notable increase. The growth pace was the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per unit), while the price for India totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%).

Source: IndexBox Market Intelligence Platform

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