Western Africa: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Western Africa

The West African drawing ink pen market rose to $X in 2022, surging by X% against the previous year. Overall, consumption, however, showed a pronounced curtailment. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Drawing Ink Pen Production in Western Africa

In value terms, drawing ink pen production stood at $X in 2022 estimated in export price. Over the period under review, production, however, saw a perceptible curtailment. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

Drawing Ink Pen Exports

Exports in Western Africa

Drawing ink pen exports surged to X units in 2022, growing by X% on the year before. Over the period under review, exports saw a prominent expansion. 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 maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, drawing ink pen exports declined significantly to $X in 2022. In general, exports, however, saw a noticeable contraction. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Ghana (X units) represented the major exporter of indian ink drawing pens, fountain pens and stylograph pens, achieving X% of total exports. It was distantly followed by Sierra Leone (X units), Cote d'Ivoire (X units) and Senegal (X units), together achieving a X% share of total exports.

Ghana was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens exports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Senegal experienced a relatively flat trend pattern. While the share of Ghana (X p.p.), Sierra Leone (X p.p.) and Cote d'Ivoire (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Senegal (X p.p.) displayed negative dynamics.

In value terms, Sierra Leone ($X), Senegal ($X) and Ghana ($X) appeared to be the countries with the highest levels of exports in 2022, together comprising X% of total exports.

Ghana, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

The export price in Western Africa stood at $X per unit in 2022, dropping by X% against the previous year. Overall, the export price recorded a deep slump. The growth pace was the most rapid in 2013 when the 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 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Senegal ($X per unit), while Cote d'Ivoire ($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.

Drawing Ink Pen Imports

Imports in Western Africa

In 2022, supplies from abroad of indian ink drawing pens, fountain pens and stylograph pens increased by X% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports saw a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, drawing ink pen imports expanded notably to $X in 2022. In general, imports, however, recorded a mild decrease. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Senegal dominates imports structure, finishing at X units, which was near X% of total imports in 2022. Ghana (X units), Mali (X units) and Guinea (X units) took a minor share of total imports.

Senegal was also the fastest-growing in terms of the indian ink drawing pens, fountain pens and stylograph pens imports, with a CAGR of X% from 2012 to 2022. At the same time, Guinea (X%) and Mali (X%) displayed positive paces of growth. By contrast, Ghana (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Senegal and Guinea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Senegal ($X) constitutes the largest market for imported indian ink drawing pens, fountain pens and stylograph pens in Western Africa, comprising X% of total imports. The second position in the ranking was held by Ghana ($X), with a X% share of total imports. It was followed by Mali, with a X% share.

In Senegal, drawing ink pen imports increased at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Mali (X% per year).

Import Prices by Country

In 2022, the import price in Western Africa amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price faced a deep reduction. The growth pace was the most rapid in 2014 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, 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 Ghana (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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