Updated Mar 24, 2023 20:02

Porous-Tipped Pen Market in CIS

Market Overview
After three years of growth, the CIS porous-tipped pen market decreased by -% to $ in . Overall, consumption showed a relatively flat trend pattern. As a result, consumption attained the peak level of $, and then fell dramatically in the following year.

In value terms, porous-tipped pen production amounted to $ in estimated in export price. Overall, production, however, recorded a abrupt downturn. The most prominent rate of growth was recorded in 2015 with an increase of % against the previous year. Over the period under review, production hit record highs at $ in 2007; however, from 2008 to , production stood at a somewhat lower figure.

The countries with the highest volumes of production in were Belarus ( units), Uzbekistan ( units) and Kyrgyzstan ( units).

From 2007 to , the most notable rate of growth in terms of production, amongst the key producing countries, was attained by Belarus (with a CAGR of +%), while production for the other leaders experienced mixed trends in the production figures.


Consumption
After three years of growth, consumption of porous-tipped pens and markers decreased by -% to units in . In general, consumption, however, posted a strong increase. As a result, consumption attained the peak volume of units, and then fell sharply in the following year.

The revenue of the porous-tipped pen market in the CIS reduced notably to $ in , with a decrease of -% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $, and then fell significantly in the following year.


Consumption by Country
Russia ( units) constituted the country with the largest volume of porous-tipped pen consumption, accounting for % of total volume. Moreover, porous-tipped pen consumption in Russia exceeded the figures recorded by the second-largest consumer, Uzbekistan ( units), tenfold. The third position in this ranking was held by Belarus ( units), with a % share.

From 2007 to , the average annual rate of growth in terms of volume in Russia amounted to +%. The remaining consuming countries recorded the following average annual rates of consumption growth: Uzbekistan (-% per year) and Belarus (-% per year).

In value terms, Russia ($) led the market, alone. The second position in the ranking was taken by Uzbekistan ($). It was followed by Belarus.

From 2007 to , the average annual growth rate of value in Russia totaled +%. The remaining consuming countries recorded the following average annual rates of market growth: Uzbekistan (-% per year) and Belarus (-% per year).

The countries with the highest levels of porous-tipped pen per capita consumption in were Belarus ( units per person), Russia ( units per person) and Kyrgyzstan ( units per person).

From 2007 to , the biggest increases were recorded for Russia (with a CAGR of +%), while consumption for the other leaders experienced more modest paces of growth.


Market Forecast
Driven by increasing demand for porous-tipped pens and markers in the CIS, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to decelerate, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of +% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .