Asia-Pacific: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Asia-Pacific

In 2021, after nine years of growth, there was decline in the Asia-Pacific ball pen refill market, when its value decreased by -3.1% to $X. Over the period under review, consumption, however, recorded a significant expansion. The level of consumption peaked at $X in 2020, and then fell modestly in the following year.

Ball Pen Refill Production in Asia-Pacific

In value terms, ball pen refill production fell modestly to $X in 2021 estimated in export price. Over the period under review, production, however, saw a significant increase. The growth pace was the most rapid in 2018 with an increase of 67%. Over the period under review, production reached the peak level at $X in 2020, and then shrank modestly in the following year.

Ball Pen Refill Exports

Exports in Asia-Pacific

In 2021, ball pen refill exports in Asia-Pacific surged to X units, with an increase of 67% on the previous year. Total exports indicated a mild expansion from 2012 to 2021: its volume increased at an average annual rate of +1.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +94.0% against 2017 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball pen refill exports surged to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China (X units) and India (X units) dominates exports structure, together comprising 83% of total exports. Japan (X units) held a 9.6% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (4.9%).

From 2012 to 2021, the biggest increases were recorded for India (with a CAGR of +17.2%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest ball pen refill supplier in Asia-Pacific, comprising 66% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by India, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan totaled +5.1%. In the other countries, the average annual rates were as follows: China (+5.5% per year) and India (+15.4% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per unit in 2021, falling by -17.9% against the previous year. In general, the export price, however, showed a temperate expansion. The growth pace was the most rapid in 2016 when the export price increased by 45%. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while India (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 Japan (+13.4%), while the other leaders experienced more modest paces of growth.

Ball Pen Refill Imports

Imports in Asia-Pacific

In 2021, the amount of refills for ball-point pens imported in Asia-Pacific soared to X units, increasing by 35% on the previous year's figure. The total import volume increased at an average annual rate of +2.4% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports expanded rapidly to $X in 2021. The total import value increased at an average annual rate of +2.8% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2018 when imports increased by 16% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

The purchases of the three major importers of refills for ball-point pens, namely Pakistan, India and China, represented more than two-thirds of total import. Japan (X units) ranks next in terms of the total imports with an 8% share, followed by Vietnam (5.3%). The following importers - Taiwan (Chinese) (X units) and Thailand (X units) - each resulted at a 7.8% 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 Taiwan (Chinese) (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported refills for ball-point pens in Asia-Pacific, comprising 29% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 15% share of total imports. It was followed by India, with an 8.8% share.

In China, ball pen refill imports expanded at an average annual rate of +8.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Taiwan (Chinese) (+0.6% per year) and India (+6.6% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per unit in 2021, which is down by -15.9% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the import price increased by 26% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped dramatically 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 Taiwan (Chinese) ($X per unit), while Pakistan (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 China (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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