Price for Pens; Nibs and Nib Points in India - 2023
Contents:
- Price for Pens; Nibs and Nib Points in India (FOB) - 2022
- Price for Pens; Nibs and Nib Points in India (CIF) - 2022
- Exports of Pens; Nibs and Nib Points in India
- Imports of Pens; Nibs and Nib Points in India
Price for Pens; Nibs and Nib Points in India (FOB) - 2022
The average export price for pens; nibs and nib pointses stood at $5.6 per thousand units in 2022, surging by 2.2% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2017 an increase of 24%. The export price peaked at $9.7 per thousand units in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.
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 the United Arab Emirates ($14 per thousand units), while the average price for exports to Kenya ($3.8 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+0.5%), while the prices for the other major destinations experienced a decline.
Price for Pens; Nibs and Nib Points in India (CIF) - 2022
The average import price for pens; nibs and nib pointses stood at $17 per thousand units in 2022, rising by 8.1% against the previous year. Over the period under review, the import price, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2017 when the average import price increased by 28% against the previous year. The import price peaked at $33 per thousand units in 2013; however, from 2014 to 2022, import prices remained at a lower figure.
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 Germany ($60 per thousand units), while the price for Thailand ($8.7 per thousand units) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+6.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Pens; Nibs and Nib Points in India
In 2022, exports of pens; nibs and nib pointses from India soared to 3.7B units, picking up by 18% against 2021. In general, exports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 22%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in years to come.
In value terms, pens; nibs and nib points exports soared to $21M in 2022. The total export value increased at an average annual rate of +2.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 23%. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Pens; Nibs and Nib Points in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Bangladesh | 3.6 | 2.2 | 2.3 | 3.5 | -0.9% |
| Nigeria | 2.0 | 1.5 | 2.6 | 3.1 | 15.7% |
| United States | 1.9 | 1.9 | 2.3 | 2.9 | 15.1% |
| Peru | 0.8 | 0.2 | 0.4 | 1.4 | 20.5% |
| Vietnam | 0.9 | 0.5 | 1.0 | 1.3 | 13.0% |
| United Arab Emirates | N/A | 0.2 | N/A | 1.2 | 144.9% |
| Thailand | 3.7 | 2.8 | 3.0 | 1.0 | -35.3% |
| Turkey | 0.6 | 0.8 | 0.7 | 0.9 | 14.5% |
| Mexico | 0.4 | 0.2 | 0.6 | 0.6 | 14.5% |
| Egypt | 0.7 | 0.3 | 0.3 | 0.5 | -10.6% |
| Tanzania | 0.5 | 0.2 | 0.4 | 0.5 | 0.0% |
| Kenya | 0.1 | 0.1 | 0.4 | 0.4 | 58.7% |
| China | 0.6 | 0.4 | 0.3 | 0.3 | -20.6% |
| Others | 3.4 | 2.6 | 2.9 | 3.0 | -4.1% |
| Total | 19.1 | 13.9 | 17.1 | 20.6 | 2.6% |
Top Export Markets for Pens; Nibs and Nib Points from India in 2022:
- Bangladesh (838.6M units)
- Nigeria (638.6M units)
- United States (271.8M units)
- Peru (271.0M units)
- Vietnam (235.7M units)
- Turkey (228.2M units)
- Thailand (181.4M units)
- Mexico (144.6M units)
- Kenya (101.3M units)
- United Arab Emirates (86.5M units)
- Tanzania (84.5M units)
- Egypt (61.8M units)
- China (61.3M units)
Imports of Pens; Nibs and Nib Points in India
In 2022, imports of pens; nibs and nib pointses into India skyrocketed to 1.2B units, rising by 41% on 2021 figures. Overall, imports enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, pens; nibs and nib points imports soared to $20M in 2022. Over the period under review, imports posted temperate growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Pens; Nibs and Nib Points in India (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 10.7 | 4.7 | 6.6 | 11.5 | 2.4% |
| Japan | 3.6 | 3.0 | 5.9 | 7.4 | 27.1% |
| Germany | 2.6 | 1.0 | 0.2 | 0.5 | -42.3% |
| Malaysia | 0.3 | 0.3 | 0.2 | 0.2 | -12.6% |
| Thailand | 0.3 | 0.2 | 0.1 | 0.2 | -12.6% |
| Peru | N/A | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.1 | 0.2 | 0.4 | 10.1% |
| Total | 17.9 | 9.3 | 13.2 | 20.2 | 4.1% |
Top Suppliers of Pens; Nibs and Nib Points to India in 2022:
- China (594.3M units)
- Japan (511.7M units)
- Thailand (25.2M units)
- Malaysia (13.0M units)
- Germany (8.7M units)
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