ASEAN: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in ASEAN

After nine years of growth, the ASEAN ball pen refill market decreased by -4.8% to $X in 2021. Over the period under review, consumption, however, posted significant growth. Over the period under review, the market attained the maximum level at $X in 2020, and then reduced slightly in the following year.

Ball Pen Refill Production in ASEAN

In value terms, ball pen refill production declined to $X in 2021 estimated in export price. In general, production, however, saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 82% against the previous year. Over the period under review, production reached the maximum level at $X in 2020, and then shrank modestly in the following year.

Ball Pen Refill Exports

Exports in ASEAN

In 2021, exports of refills for ball-point pens in ASEAN amounted to X units, growing by 9.2% compared with 2020 figures. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by 58%. As a result, the exports attained the peak of X units. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ball pen refill exports reduced to $X in 2021. Overall, exports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2015 when exports increased by 32% against the previous year. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, Malaysia (X units) was the key exporter of refills for ball-point pens, comprising 78% of total exports. It was distantly followed by Singapore (X units), committing a 16% share of total exports. Vietnam (X units) and Indonesia (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to ball pen refill exports from Malaysia stood at +7.3%. At the same time, Vietnam (+19.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in ASEAN, with a CAGR of +19.0% from 2012-2021. By contrast, Indonesia (-2.1%) and Singapore (-10.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Malaysia and Vietnam increased by +37 and +3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest ball pen refill supplying countries in ASEAN were Singapore ($X), Malaysia ($X) and Indonesia ($X), with a combined 97% share of total exports. Vietnam lagged somewhat behind, comprising a further 1.3%.

Among the main exporting countries, Vietnam, with a CAGR of +29.2%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in ASEAN amounted to $X per unit, declining by -13.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2015 when the export price increased by 69%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Indonesia ($X per unit), while Vietnam (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the other leaders experienced more modest paces of growth.

Ball Pen Refill Imports

Imports in ASEAN

In 2021, overseas purchases of refills for ball-point pens decreased by -2.4% to X units, falling for the second year in a row after three years of growth. Over the period under review, imports saw a pronounced decline. The pace of growth appeared the most rapid in 2018 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports totaled $X in 2021. Overall, imports recorded a perceptible shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 33%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) and Thailand (X units) represented the largest importers of refills for ball-point pens in ASEAN, together reaching near 68% of total imports. Indonesia (X units) took the next position in the ranking, followed by Singapore (X units) and Malaysia (X units). All these countries together held near 29% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Indonesia (with a CAGR of +12.0%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) were the countries with the highest levels of imports in 2021, with a combined 67% share of total imports.

Among the main importing countries, Indonesia, with a CAGR of +5.9%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in ASEAN amounted to $X per unit, increasing by 4.5% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2015 when the import price increased by 17%. Over the period under review, import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform