GCC: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in GCC

In 2022, the GCC drawing ink pen market decreased by X% to $X, falling for the third consecutive year after two years of growth. Overall, consumption, however, showed a noticeable contraction. Over the period under review, the market attained the peak level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Drawing Ink Pen Production in GCC

In value terms, drawing ink pen production expanded modestly to $X in 2022 estimated in export price. In general, production, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 with an increase of X%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production stood at a somewhat lower figure.

Drawing Ink Pen Exports

Exports in GCC

In 2022, overseas shipments 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. In general, exports continue to indicate a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, drawing ink pen exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The biggest shipments were from the United Arab Emirates (X units), together reaching X% of total export.

The United Arab Emirates 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. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest drawing ink pen supplier in GCC.

In the United Arab Emirates, drawing ink pen exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, shrinking by X% against the previous year. Over the period under review, the export price showed a perceptible curtailment. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Drawing Ink Pen Imports

Imports in GCC

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported in GCC; increasing by X% on the previous year's figure. Over the period under review, imports, however, recorded a pronounced decline. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, drawing ink pen imports soared to $X in 2022. Overall, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2014 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates prevails in imports structure, amounting to X units, which was approx. X% of total imports in 2022. Oman (X units) held the second position in the ranking, followed by Kuwait (X units). All these countries together took approx. X% share of total imports. Bahrain (X units) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to drawing ink pen imports into the United Arab Emirates stood at X%. At the same time, Oman (X%) displayed positive paces of growth. Moreover, Oman emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Kuwait (X%) and Bahrain (X%) illustrated a downward trend over the same period. Oman (X p.p.) and Kuwait (X p.p.) significantly strengthened its position in terms of the total imports, while Bahrain and the United Arab Emirates saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported indian ink drawing pens, fountain pens and stylograph pens in GCC, comprising X% of total imports. The second position in the ranking was held by Kuwait ($X), with a X% share of total imports. It was followed by Oman, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (X% per year) and Oman (X% per year).

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, falling by X% against the previous year. In general, the import price, however, posted a prominent expansion. The growth pace was the most rapid in 2020 an increase of X%. As a result, import price attained the peak level of $X per unit. From 2021 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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