United Arab Emirates: Market for Pen Or Pencil Sets 2023

Exports of Pen Or Pencil Sets

Exports from the United Arab Emirates

In 2022, approx. X units of pen or pencil sets were exported from the United Arab Emirates; with a decrease of -24.6% on 2021. In general, exports, however, recorded a slight increase. The pace of growth appeared the most rapid in 2013 when exports increased by 227% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

In value terms, pen or pencil sets exports contracted rapidly to $X in 2022. Over the period under review, exports, however, posted strong growth. The pace of growth was the most pronounced in 2013 with an increase of 124%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

Exports by Country

Jordan (X units), India (X units) and Rwanda (X units) were the main destinations of pen or pencil sets exports from the United Arab Emirates, with a combined 90% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Rwanda (with a CAGR of +92.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pen or pencil sets exported from the United Arab Emirates were Jordan ($X), India ($X) and Greece ($X), together comprising 93% of total exports. Rwanda and Tanzania lagged somewhat behind, together accounting for a further 1.7%.

In terms of the main countries of destination, Rwanda, with a CAGR of +63.9%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average pen or pencil sets export price stood at $X per unit in 2022, increasing by 8.5% against the previous year. In general, the export price saw a buoyant increase. The growth pace was the most rapid in 2016 an increase of 144% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Jordan ($X per unit), while the average price for exports to Rwanda ($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 Tanzania (+24.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into the United Arab Emirates

In 2022, purchases abroad of pen or pencil sets increased by 54% to X units for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, showed a mild decrease. The most prominent rate of growth was recorded in 2015 with an increase of 90% against the previous year. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, pen or pencil sets imports surged to $X in 2022. Overall, imports, however, faced a abrupt descent. The pace of growth was the most pronounced in 2013 when imports increased by 20%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest pen or pencil sets supplier to the United Arab Emirates, with a 60% share of total imports. Moreover, pen or pencil sets imports from China exceeded the figures recorded by the second-largest supplier, Jordan (X units), twofold. The third position in this ranking was held by Canada (X units), with an 8.1% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled +15.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Jordan (-10.9% per year) and Canada (0.0% per year).

In value terms, the largest pen or pencil sets suppliers to the United Arab Emirates were China ($X), Jordan ($X) and Canada ($X), with a combined 90% share of total imports.

Among the main suppliers, Canada, with a CAGR of +276.5%, 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 pen or pencil sets import price amounted to $X per unit, with a decrease of -23.2% against the previous year. Overall, the import price recorded a abrupt descent. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43%. As a result, import price attained the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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