Western Africa: Ball Pen Market 2024

Ball Pen Market Size in Western Africa

The West African ball pen market rose notably to $X in 2022, picking up by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Ball Pen Production in Western Africa

In value terms, ball pen production dropped modestly to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Ball Pen Exports

Exports in Western Africa

In 2022, the amount of ball-point pens exported in Western Africa declined markedly to X units, waning by X% on the previous year. Over the period under review, exports saw a abrupt decrease. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, ball pen exports dropped rapidly to $X in 2022. In general, exports showed a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Cote d'Ivoire was the main exporter of ball-point pens in Western Africa, with the volume of exports reaching X units, which was near X% of total exports in 2022. It was distantly followed by Nigeria (X units), comprising a X% share of total exports. Senegal (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to ball pen exports from Cote d'Ivoire stood at X%. At the same time, Nigeria (X%) displayed positive paces of growth. Moreover, Nigeria emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%) illustrated a downward trend over the same period. Nigeria (X p.p.) significantly strengthened its position in terms of the total exports, while Senegal and Cote d'Ivoire saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Cote d'Ivoire ($X) remains the largest ball pen supplier in Western Africa, comprising X% of total exports. The second position in the ranking was held by Nigeria ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Cote d'Ivoire stood at X%. In the other countries, the average annual rates were as follows: Nigeria (X% per year) and Senegal (X% per year).

Export Prices by Country

In 2022, the export price in Western Africa amounted to $X per unit, reducing by X% against the previous year. Over the period under review, the export price saw a mild slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices attained the peak figure at $X per unit in 2021, and then declined notably in the following year.

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 Cote d'Ivoire ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Senegal (X%), while the other leaders experienced a decline in the export price figures.

Ball Pen Imports

Imports in Western Africa

In 2022, imports of ball-point pens in Western Africa totaled X units, picking up by X% on the previous year's figure. Total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, ball pen imports fell notably to $X in 2022. Total imports indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X, and then declined notably in the following year.

Imports by Country

In 2022, Senegal (X units), distantly followed by Guinea (X units), Ghana (X units), Cote d'Ivoire (X units), Sierra Leone (X units), Mali (X units), Liberia (X units) and Benin (X units) represented the major importers of ball-point pens, together committing X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mali (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest ball pen importing markets in Western Africa were Mali ($X), Guinea ($X) and Ghana ($X), with a combined X% share of total imports.

Mali, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Western Africa stood at $X per unit in 2022, reducing by X% against the previous year. Overall, the import price recorded a perceptible setback. The pace of growth was the most pronounced in 2020 an increase of X%. The level of import peaked at $X per unit in 2021, and then contracted rapidly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mali ($X per unit), while Senegal (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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