Asia-Pacific: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Asia-Pacific

In 2021, the Asia-Pacific porous-tipped pen market decreased by -20.7% to $X for the first time since 2018, thus ending a two-year rising trend. Overall, consumption showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Porous-Tipped Pen Production in Asia-Pacific

In value terms, porous-tipped pen production declined modestly to $X in 2021 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 when the production volume increased by 11%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Porous-Tipped Pen Exports

Exports in Asia-Pacific

For the fourth year in a row, Asia-Pacific recorded growth in shipments abroad of porous-tipped pens and markers, which increased by 78% to X units in 2021. Overall, exports posted a resilient increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports surged to $X in 2021. The total export value increased at an average annual rate of +4.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, amounting to X units, which was near 79% of total exports in 2021. It was distantly followed by Japan (X units), creating a 6.6% share of total exports. Malaysia (X units), Vietnam (X units), Taiwan (Chinese) (X units) and Thailand (X units) followed a long way behind the leaders.

China was also the fastest-growing in terms of the porous-tipped pens and markers exports, with a CAGR of +13.9% from 2012 to 2021. At the same time, Taiwan (Chinese) (+13.1%), Thailand (+12.5%) and Vietnam (+5.2%) displayed positive paces of growth. Malaysia experienced a relatively flat trend pattern. By contrast, Japan (-4.0%) illustrated a downward trend over the same period. China (+27 p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Japan saw its share reduced by -3.5% and -13.9% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest porous-tipped pen supplier in Asia-Pacific, comprising 63% of total exports. The second position in the ranking was taken by Japan ($X), with a 16% share of total exports. It was followed by Vietnam, with a 6.6% share.

In China, porous-tipped pen exports increased at an average annual rate of +7.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Japan (+1.7% per year) and Vietnam (+8.8% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, shrinking by -29.6% against the previous year. Overall, the export price saw a perceptible curtailment. The pace of growth was the most pronounced in 2015 when the export price increased by 8.8%. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Porous-Tipped Pen Imports

Imports in Asia-Pacific

In 2021, after three years of decline, there was significant growth in supplies from abroad of porous-tipped pens and markers, when their volume increased by 16% to X units. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. Over the period under review, imports attained the peak figure at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, porous-tipped pen imports surged to $X in 2021. The total import value increased at an average annual rate of +2.8% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

The countries with the highest levels of porous-tipped pen imports in 2021 were China (X units), Australia (X units), Japan (X units), South Korea (X units), Thailand (X units), Indonesia (X units), Hong Kong SAR (X units), Taiwan (Chinese) (X units) and Singapore (X units), together recording 82% of total import. New Zealand (X units) held a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by South Korea (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Australia ($X), China ($X) and Japan ($X) were the countries with the highest levels of imports in 2021, together comprising 50% of total imports. These countries were followed by South Korea, Hong Kong SAR, Thailand, Taiwan (Chinese), Singapore, Indonesia and New Zealand, which together accounted for a further 34%.

Among the main importing countries, Indonesia, with a CAGR of +18.9%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, approximately reflecting the previous year. Over the last nine-year period, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2018 when the import price increased by 8.8% against the previous year. Over the period under review, import prices attained the maximum at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Australia ($X per unit), while Indonesia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+9.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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