Lithuania: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Lithuania

The Lithuanian drawing ink pen market shrank to $X in 2022, with a decrease of 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). Overall, consumption continues to indicate a mild downturn. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Drawing Ink Pen Exports

Exports from Lithuania

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were exported from Lithuania; rising by X% compared with 2021 figures. Overall, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum at X units in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

In value terms, drawing ink pen exports declined slightly to $X in 2022. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2014 with an increase of X%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Russia (X units) was the main destination for drawing ink pen exports from Lithuania, with a X% share of total exports. Moreover, drawing ink pen exports to Russia exceeded the volume sent to the second major destination, the United States (X units), fourfold. Belarus (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Russia amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Belarus (X% per year).

In value terms, the largest markets for drawing ink pen exported from Lithuania were the United States ($X), Russia ($X) and Belarus ($X), with a combined X% share of total exports.

The United States, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, dropping by X% against the previous year. In general, the export price, however, showed a moderate expansion. The pace of growth appeared the most rapid in 2021 when the average export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit, and then reduced in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Latvia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Drawing Ink Pen Imports

Imports into Lithuania

In 2022, purchases abroad of indian ink drawing pens, fountain pens and stylograph pens decreased by X% to X units, falling for the fourth consecutive year after five years of growth. Overall, imports saw a abrupt shrinkage. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing ink pen imports contracted to $X in 2022. In general, total imports indicated a resilient expansion 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. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at $X in 2021, and then declined in the following year.

Imports by Country

Poland (X units), Germany (X units) and Estonia (X units) were the main suppliers of drawing ink pen imports to Lithuania, with a combined X% share of total imports. China, Denmark, Latvia and Italy lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest drawing ink pen suppliers to Lithuania were Germany ($X), Poland ($X) and Estonia ($X), with a combined X% share of total imports. China, Latvia, Italy and Denmark lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Italy, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average drawing ink pen import price amounted to $X per unit, falling by X% against the previous year. Overall, the import price, however, recorded strong growth. The pace of growth was the most pronounced in 2020 an increase of X%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Latvia ($X per unit), while the price for Denmark ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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