The import of Indian ink drawing pens to Mozambique has shown a consistent decline from 2017 to 2021. Year-on-year variations reveal a significant drop of 22% from 2017 to 2018, followed by further declines of 28% from 2018 to 2019, 37% from 2019 to 2020, and 59% from 2020 to 2021. The compound annual growth rate (CAGR) over the five-year period from 2017 to 2021 was approximately -36.9%, indicating a steep downward trend.
For 2024, monitoring the following trends is essential:
- Economic recovery and its impact on consumer spending in Mozambique.
- Increased demand from educational sectors and art enthusiasts.
- Potential shifts in trade policies affecting import tariffs and incentives.
- Emergence of local or regional alternatives competing with Indian imports.
