Nigeria: Ball Pen Market 2022

Ball Pen Market Size in Nigeria

The Nigerien ball pen market surged to $X in 2021, increasing by X% against the previous year. Over the period under review, consumption saw measured growth. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ball Pen Production in Nigeria

In value terms, ball pen production surged to $X in 2021 estimated in export price. Over the period under review, production recorded a perceptible increase. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Ball Pen Exports

Exports from Nigeria

In 2021, shipments abroad of ball-point pens was finally on the rise to reach X units after two years of decline. Over the period under review, exports enjoyed a buoyant increase. Over the period under review, the exports attained the peak figure at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ball pen exports skyrocketed to $X in 2021. Overall, exports, however, showed a relatively flat trend pattern. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Ghana (X units), Senegal (X units) and Cote d'Ivoire (X units) were the main destinations of ball pen exports from Nigeria, together comprising X% of total exports.

From 2012 to 2021, the biggest increases were in Ghana (with a CAGR of +X%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Ghana ($X) remains the key foreign market for ball pen exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Senegal ($X), with a X% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Ghana totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Senegal (+X% per year) and Cote d'Ivoire (-X% per year).

Export Prices by Country

The average ball pen export price stood at $X per unit in 2021, picking up by X% against the previous year. In general, the export price, however, recorded a deep downturn. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

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 ($X per unit), while the average price for exports to Senegal ($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 Nigeria

In 2021, overseas purchases of ball-point pens decreased by -X% to X units for the first time since 2015, thus ending a five-year rising trend. In general, imports showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X units, and then dropped notably in the following year.

In value terms, ball pen imports fell dramatically to $X in 2021. Over the period under review, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of $X, and then reduced notably in the following year.

Imports by Country

In 2021, South Africa (X units) constituted the largest ball pen supplier to Nigeria, accounting for a X% share of total imports. Moreover, ball pen imports from South Africa exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The Netherlands (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 South Africa stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-X% per year) and the Netherlands (+X% per year).

In value terms, the UK ($X), the United States ($X) and South Africa ($X) were the largest ball pen suppliers to Nigeria, together accounting for X% of total imports.

Among the main suppliers, the UK, with a CAGR of +X%, saw the highest rates of growth with regard to 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 2021, the average ball pen import price amounted to $X per unit, shrinking by -X% against the previous year. Overall, the import price showed a perceptible decline. The most prominent rate of growth was recorded in 2013 when the average import price increased by X% against the previous year. As a result, import price attained the peak level of $X per unit. From 2014 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 the UK ($X per unit), while the price for Israel ($X per unit) was amongst the lowest.

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

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :