Sri Lanka: Ball Pen Market 2024

Ball Pen Market Size in Sri Lanka

In 2022, the Sri Lankan ball pen market increased by X% to $X, rising for the second year in a row after two years of decline. Overall, consumption continues to indicate resilient growth. Over the period under review, the market attained the peak level at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Ball Pen Production in Sri Lanka

In value terms, ball pen production amounted to $X in 2022 estimated in export price. Overall, production continues to indicate a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is likely to continue growth in the near future.

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Ball Pen Exports

Exports from Sri Lanka

In 2022, exports of ball-point pens from Sri Lanka surged to X units, growing by X% compared with 2021. Over the period under review, exports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, ball pen exports reduced remarkably to $X in 2022. In general, exports continue to indicate a buoyant increase. The pace of growth appeared the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Kiribati (X units), Vanuatu (X units) and Pakistan (X units) were the main destinations of ball pen exports from Sri Lanka, with a combined X% share of total exports. The United States, American Samoa, Fiji, India and Turkey lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the biggest increases were recorded for American Samoa (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X) remains the key foreign market for ball-point pens exports from Sri Lanka, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Vanuatu, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Pakistan stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Vanuatu (X% per year).

Export Prices by Country

In 2022, the average ball pen export price amounted to $X per unit, declining by X% against the previous year. In general, the export price continues to indicate a abrupt setback. The most prominent rate of growth was recorded in 2016 when the average export price increased by X%. The export price peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the average price for exports to Fiji ($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 Turkey (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Imports

Imports into Sri Lanka

In 2022, approx. X units of ball-point pens were imported into Sri Lanka; declining by X% on 2021. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, ball pen imports reduced remarkably to $X in 2022. Over the period under review, imports faced a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest supplier of ball pen 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, India (X units), threefold. The third position in this ranking was held by Pakistan (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Pakistan (X% per year).

In value terms, China ($X), Canada ($X) and India ($X) constituted the largest ball pen suppliers to Sri Lanka, with a combined X% share of total imports.

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

Import Prices by Country

The average ball pen import price stood at $X per unit in 2022, rising by X% against the previous year. In general, the import price continues to indicate prominent growth. The pace of growth was the most pronounced in 2017 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per unit), while the price for Pakistan ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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