MENA: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in MENA

In 2022, the MENA's drawing ink pen market was finally on the rise to reach $X after two years of decline. Over the period under review, consumption, however, continues to indicate a noticeable setback. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Drawing Ink Pen Production in MENA

In value terms, drawing ink pen production expanded modestly to $X in 2022 estimated in export price. Over the period under review, production showed a mild descent. The pace of growth was the most pronounced in 2014 with an increase of X%. The level of production peaked at $X in 2015; however, from 2016 to 2022, production failed to regain momentum.

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Drawing Ink Pen Exports

Exports in MENA

Drawing ink pen exports skyrocketed to X units in 2022, picking up by X% on 2021 figures. Overall, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

Exports by Country

Turkey represented the largest exporter of indian ink drawing pens, fountain pens and stylograph pens in MENA, with the volume of exports amounting to X units, which was near X% of total exports in 2022. It was distantly followed by the United Arab Emirates (X units), achieving a X% share of total exports.

Exports from Turkey increased at an average annual rate of X% from 2012 to 2022. At the same time, the United Arab Emirates (X%) displayed positive paces of growth. Moreover, the United Arab Emirates emerged as the fastest-growing exporter exported in MENA, with a CAGR of X% from 2012-2022. While the share of the United Arab Emirates (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Turkey (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) remains the largest drawing ink pen supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Turkey ($X), with a X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at X%.

Export Prices by Country

In 2022, the export price in MENA amounted to $X per unit, waning by X% against the previous year. In general, the export price recorded a mild reduction. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat 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 the United Arab Emirates ($X per unit), while Turkey totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Turkey (X%).

Drawing Ink Pen Imports

Imports in MENA

In 2022, purchases abroad of indian ink drawing pens, fountain pens and stylograph pens was finally on the rise to reach X units for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports saw buoyant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, drawing ink pen imports skyrocketed to $X in 2022. Overall, imports recorded a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Turkey prevails in imports structure, amounting to X units, which was near X% of total imports in 2022. It was distantly followed by the United Arab Emirates (X units), constituting a X% share of total imports. The following importers - Iraq (X units) and Algeria (X units) - each recorded a X% share of total imports.

Turkey 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, Algeria (X%) displayed positive paces of growth. By contrast, Iraq (X%) and the United Arab Emirates (X%) illustrated a downward trend over the same period. While the share of Turkey (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Algeria (X p.p.), Iraq (X p.p.) and the United Arab Emirates (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Turkey amounted to X%. In the other countries, the average annual rates were as follows: the United Arab Emirates (X% per year) and Iraq (X% per year).

Import Prices by Country

The import price in MENA stood at $X per unit in 2022, declining by X% against the previous year. In general, the import price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2017 an increase of X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a lower figure.

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 the United Arab Emirates ($X per unit), while Algeria ($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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