Updated Feb 14, 2023 16:23

Drawing Ink Pen Market in CIS

Market Overview
In , the CIS drawing ink pen market increased by % to $, rising for the second consecutive year after two years of decline. Overall, consumption, however, continues to indicate a abrupt descent. Over the period under review, the market reached the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.

In value terms, drawing ink pen production amounted to $ in estimated in export price. Over the period under review, production, however, showed a abrupt setback. The most prominent rate of growth was recorded in when the production volume increased by % 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 Uzbekistan ( units), Azerbaijan ( 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 Uzbekistan (with a CAGR of -%), while production for the other leaders experienced a decline in the production figures.


Consumption
In , approx. units of indian ink drawing pens, fountain pens and stylograph pens were consumed in the CIS; with an increase of % on the previous year's figure. In general, consumption, however, recorded a deep reduction. Over the period under review, consumption hit record highs at units in 2007; however, from 2008 to , consumption stood at a somewhat lower figure.

The value of the drawing ink pen market in the CIS rose to $ in , with an increase 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, however, showed a deep contraction. Over the period under review, the market attained the maximum level at $ in 2007; however, from 2008 to , consumption remained at a lower figure.


Consumption by Country
The countries with the highest volumes of consumption in were Uzbekistan ( units), Azerbaijan ( units) and Russia ( units), together comprising % of total consumption. These countries were followed by Kyrgyzstan and Belarus, which together accounted for a further %.

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

In value terms, Azerbaijan ($), Kyrgyzstan ($) and Russia ($) were the countries with the highest levels of market value in , with a combined % share of the total market. Uzbekistan and Belarus lagged somewhat behind, together accounting for a further %.

Belarus, with a CAGR of +%, saw the highest growth rate of market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced a decline in the market figures.

The countries with the highest levels of drawing ink pen per capita consumption in were Azerbaijan ( units per persons), Kyrgyzstan ( units per persons) and Uzbekistan ( units per persons).

From 2007 to , the biggest increases were recorded for Belarus (with a CAGR of +%), while consumption for the other leaders experienced mixed trends in the per capita consumption figures.


Market Forecast
Depressed by shrinking demand for drawing ink pen in the CIS, the market is expected to continue its downward consumption trend over the next eight years. The performance of the market is forecast to contract with an anticipated CAGR of -% for the period from to , which is projected to depress the market volume to units by the end of .

In value terms, the market is forecast to contract 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 .