ECOWAS: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in ECOWAS

The ECOWAS drawing ink pen market reached $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a perceptible setback. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Drawing Ink Pen Production in ECOWAS

In value terms, drawing ink pen production rose slightly to $X in 2022 estimated in export price. Over the period under review, production, however, saw a pronounced slump. The most prominent rate of growth was recorded in 2017 when the production volume increased by X%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Drawing Ink Pen Exports

Exports in ECOWAS

In 2022, the amount of indian ink drawing pens, fountain pens and stylograph pens exported in ECOWAS skyrocketed to X units, with an increase of X% against the previous year's figure. Overall, exports posted a resilient expansion. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to see gradual growth in years to come.

In value terms, drawing ink pen exports shrank notably to $X in 2022. In general, exports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

In 2022, Ghana (X units) was the major exporter of indian ink drawing pens, fountain pens and stylograph pens, making up X% of total exports. Sierra Leone (X units) held the second position in the ranking, distantly followed by Cote d'Ivoire (X units) and Senegal (X units). All these countries together held near X% share of total exports.

Ghana 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. At the same time, Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. From 2012 to 2022, the share of Ghana, Sierra Leone and Cote d'Ivoire increased by X, X and X percentage points, respectively.

In value terms, Sierra Leone ($X), Senegal ($X) and Ghana ($X) constituted the countries with the highest levels of exports in 2022, with a combined X% share of total exports.

Among the main exporting countries, Ghana, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2022, the export price in ECOWAS amounted to $X per unit, dropping by X% against the previous year. In general, the export price recorded a abrupt decline. The growth pace was the most rapid in 2013 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2014 to 2022, the export prices remained at a 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 ($X per unit), while Cote d'Ivoire ($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%), while the other leaders experienced a decline in the export price figures.

Drawing Ink Pen Imports

Imports in ECOWAS

In 2022, purchases abroad of indian ink drawing pens, fountain pens and stylograph pens increased by X% to X units, rising for the second year in a row after two years of decline. Overall, imports showed buoyant growth. The pace of growth appeared the most rapid in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, drawing ink pen imports expanded markedly to $X in 2022. In general, imports, however, continue to indicate a mild decline. 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 somewhat lower figure.

Imports by Country

Senegal dominates imports structure, finishing at X units, which was approx. X% of total imports in 2022. Ghana (X units), Mali (X units) and Guinea (X units) followed a long way behind the leaders.

Senegal was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens imports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) and Mali (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. While the share of Senegal (X p.p.) and Guinea (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Ghana (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported indian ink drawing pens, fountain pens and stylograph pens in ECOWAS, comprising X% of total imports. The second position in the ranking was taken by Ghana ($X), with a X% share of total imports. It was followed by Mali, with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Senegal totaled X%. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in ECOWAS amounted to $X per unit, reducing by X% against the previous year. Overall, the import price faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mali ($X per unit), while Senegal (less than $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 a decline in the import price figures.

Source: IndexBox Platform

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