Sri Lanka: Ball Pen Market 2022

Ball Pen Market Size in Sri Lanka

In 2021, the Sri Lankan ball pen market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a somewhat lower figure.

Ball Pen Production in Sri Lanka

In value terms, ball pen production soared to $X in 2021 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +X% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -X% against 2018 indices. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Ball Pen Exports

Exports from Sri Lanka

In 2021, shipments abroad of ball-point pens increased by X% to X units, rising for the third year in a row after three years of decline. Over the period under review, exports showed strong growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball pen exports surged to $X in 2021. In general, exports saw a strong expansion. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Pakistan (X units) was the main destination for ball pen exports from Sri Lanka, with a X% share of total exports. Moreover, ball pen exports to Pakistan exceeded the volume sent to the second major destination, the United States (X units), threefold. Iraq (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Pakistan 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 Iraq (+X% per year).

In value terms, Pakistan ($X) emerged as the key foreign market for ball pen exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Iraq, with a X% share.

From 2012 to 2021, the average annual growth rate of value to Pakistan totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+X% per year) and Iraq (+X% per year).

Export Prices by Country

In 2021, the average ball pen export price amounted to less than $X per unit, reducing by -X% against the previous year. Over the period under review, the export price recorded a perceptible setback. The pace of growth appeared the most rapid in 2018 an increase of X%. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was the United States (less than $X per unit), while the average price for exports to Iran (less than $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 the United States (-X%), while the prices for the other major destinations experienced a decline.

Ball Pen Imports

Imports into Sri Lanka

After two years of decline, overseas purchases of ball-point pens increased by X% to X units in 2021. In general, imports saw a buoyant increase. Imports peaked at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball pen imports surged to $X in 2021. Overall, imports enjoyed tangible growth. Imports peaked at $X in 2018; however, from 2019 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest ball pen supplier to Sri Lanka, 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), tenfold. India (X units) ranked third in terms of total imports with a X% share.

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

In value terms, China ($X) constituted the largest supplier of ball pen to Sri Lanka, comprising X% of total imports. The second position in the ranking was taken by India ($X), with a X% share of total imports. It was followed by the United States, with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-X% per year) and the United States (+X% per year).

Import Prices by Country

In 2021, the average ball pen import price amounted to $X per unit, falling by -X% against the previous year. Overall, the import price showed a abrupt shrinkage. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2021, import prices remained at a 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 United States ($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 India (+X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

Frequently Asked Questions (FAQ) :