Argentina: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Argentina

After two years of growth, the Argentinian ball pen refill market decreased by -41.3% to $X in 2021. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Ball Pen Refill Exports

Exports from Argentina

In 2021, shipments abroad of refills for ball-point pens decreased by -68.3% to X units, falling for the sixth consecutive year after four years of growth. In general, exports saw a mild curtailment. The growth pace was the most rapid in 2013 when exports increased by 1,051% against the previous year. Over the period under review, the exports hit record highs at X units in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball pen refill exports fell dramatically to $X in 2021. Over the period under review, exports continue to indicate a abrupt descent. The growth pace was the most rapid in 2013 with an increase of 959% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Uruguay (X units) was the main destination for ball pen refill exports from Argentina, with a 75% share of total exports. Moreover, ball pen refill exports to Uruguay exceeded the volume sent to the second major destination, Bolivia (X units), fivefold. The third position in this ranking was taken by Paraguay (X units), with a 9.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Uruguay totaled +3.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bolivia (+9.7% per year) and Paraguay (-2.0% per year).

In value terms, the largest markets for ball pen refill exported from Argentina were Uruguay ($X), Bolivia ($X) and Chile ($X), with a combined 90% share of total exports.

Bolivia, with a CAGR of +10.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, with an increase of 1.7% against the previous year. Overall, the export price, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when the average export price increased by 48% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Chile ($X per unit), while the average price for exports to Uruguay ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Chile (+23.4%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into Argentina

In 2021, overseas purchases of refills for ball-point pens decreased by -55.3% to X units for the first time since 2018, thus ending a two-year rising trend. Over the period under review, imports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2015 with an increase of 133%. Over the period under review, imports reached the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports shrank significantly to $X in 2021. Overall, imports, however, posted a mild expansion. The most prominent rate of growth was recorded in 2017 with an increase of 51% against the previous year. As a result, imports reached the peak of $X. From 2018 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen refill to Argentina, accounting for a 71% share of total imports. Moreover, ball pen refill imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), ninefold. France (X units) ranked third in terms of total imports with a 6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +2.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-17.1% per year) and France (-9.2% per year).

In value terms, China ($X) constituted the largest supplier of refills for ball-point pens to Argentina, comprising 41% of total imports. The second position in the ranking was held by France ($X), with a 13% share of total imports. It was followed by Germany, with a 12% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +15.7%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-8.5% per year) and Germany (-10.2% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, surging by 56% against the previous year. Over the period under review, import price indicated a measured increase from 2012 to 2021: its price increased at an average annual rate of +3.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price increased by +64.3% against 2018 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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