ECOWAS: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in ECOWAS

The ECOWAS porous-tipped pen market surged to $X in 2022, jumping by X% against the previous year. Over the period under review, consumption enjoyed a strong increase. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Porous-Tipped Pen Production in ECOWAS

In value terms, porous-tipped pen production fell slightly to $X in 2022 estimated in export price. The total production indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports in ECOWAS

In 2022, exports of porous-tipped pens and markers in ECOWAS declined to X units, with a decrease of X% against 2021. Over the period under review, exports saw a abrupt descent. The most prominent rate of growth was recorded in 2013 when exports increased by X%. Over the period under review, the exports reached the maximum at X units in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, porous-tipped pen exports reduced sharply to $X in 2022. In general, exports recorded a noticeable downturn. The growth pace was the most rapid in 2017 when exports increased by X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Mali dominates exports structure, finishing at X units, which was approx. X% of total exports in 2022. It was distantly followed by Sierra Leone (X units), committing a X% share of total exports. Ghana (X units) took a little share of total exports.

Exports from Mali decreased at an average annual rate of X% from 2012 to 2022. At the same time, Sierra Leone (X%) and Ghana (X%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in ECOWAS, with a CAGR of X% from 2012-2022. While the share of Mali (X p.p.) and Sierra Leone (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mali ($X) remains the largest porous-tipped pen supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Sierra Leone ($X), with a X% share of total exports.

In Mali, porous-tipped pen exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Sierra Leone (X% per year) and Ghana (X% per year).

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, dropping by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mali (X%), while the other leaders experienced a decline in the export price figures.

Porous-Tipped Pen Imports

Imports in ECOWAS

In 2022, supplies from abroad of porous-tipped pens and markers increased by X% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, imports posted a remarkable increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen imports surged to $X in 2022. In general, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Nigeria (X units) was the largest importer of porous-tipped pens and markers, comprising X% of total imports. Ghana (X units) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Guinea (X%). The following importers - Cote d'Ivoire (X units) and Liberia (X units) - each resulted at a X% share of total imports.

Nigeria was also the fastest-growing in terms of the porous-tipped pens and markers imports, with a CAGR of X% from 2012 to 2022. At the same time, Ghana (X%), Guinea (X%) and Liberia (X%) displayed positive paces of growth. By contrast, Cote d'Ivoire (X%) illustrated a downward trend over the same period. While the share of Nigeria (X p.p.) and Ghana (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Liberia (X p.p.), Guinea (X p.p.) and Cote d'Ivoire (X p.p.) displayed negative dynamics.

In value terms, Nigeria ($X) constitutes the largest market for imported porous-tipped pens and markers in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Cote d'Ivoire, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Nigeria totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Ghana (X% per year) and Cote d'Ivoire (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, growing by X% against the previous year. Import price indicated temperate growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :