Ghana: Ball Pen Market 2022

Ball Pen Market Size in Ghana

The Ghanian ball pen market reduced remarkably to $X in 2021, declining by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, saw a pronounced expansion. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Ball Pen Exports

Exports from Ghana

In 2021, the amount of ball-point pens exported from Ghana dropped to X units, stabilizing at 2020. In general, exports faced a precipitous curtailment. The growth pace was the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, ball pen exports amounted to $X in 2021. Over the period under review, exports faced a dramatic decrease. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Burkina Faso (X units) was the main destination for ball pen exports from Ghana, with a X% share of total exports. Moreover, ball pen exports to Burkina Faso exceeded the volume sent to the second major destination, Liberia (X units), tenfold. The third position in this ranking was held by Sierra Leone (X units), with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Burkina Faso totaled -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Liberia (-X% per year) and Sierra Leone (-X% per year).

In value terms, Burkina Faso ($X) remains the key foreign market for ball pen exports from Ghana, comprising X% of total exports. The second position in the ranking was taken by Cote d'Ivoire ($X), with a X% share of total exports. It was followed by Liberia, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Burkina Faso amounted to -X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cote d'Ivoire (+X% per year) and Liberia (-X% per year).

Export Prices by Country

The average ball pen export price stood at $X per unit in 2021, with an increase of X% against the previous year. In general, the export price, however, saw a abrupt curtailment. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Burkina Faso ($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 Cote d'Ivoire (+X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Imports

Imports into Ghana

In 2021, the amount of ball-point pens imported into Ghana dropped sharply to X units, with a decrease of -X% on 2020 figures. In general, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X units, and then dropped notably in the following year.

In value terms, ball pen imports declined significantly to $X in 2021. Over the period under review, imports showed a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen to Ghana, with a X% share of total imports. Moreover, ball pen imports from China exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), twofold. Nigeria (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+X% per year) and Nigeria (+X% per year).

In value terms, the largest ball pen suppliers to Ghana were Nigeria ($X), China ($X) and Cote d'Ivoire ($X), with a combined X% share of total imports.

In terms of the main suppliers, Nigeria, with a CAGR of +X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average ball pen import price stood at $X per unit in 2021, rising by X% against the previous year. In general, the import price, however, saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Cote d'Ivoire ($X per unit), while the price for the United Arab Emirates (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Cote d'Ivoire (-X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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