Asia: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Asia

In 2021, after two years of growth, there was significant decline in the Asian porous-tipped pen market, when its value decreased by -19.9% to $X. Overall, consumption saw a mild contraction. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Production in Asia

In value terms, porous-tipped pen production contracted slightly to $X in 2021 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Porous-Tipped Pen Exports

Exports in Asia

For the fourth consecutive year, Asia recorded growth in shipments abroad of porous-tipped pens and markers, which increased by 78% to X units in 2021. In general, exports continue to indicate a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports skyrocketed 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 in certain years. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

China prevails in exports structure, accounting for X units, which was approx. 79% of total exports in 2021. It was distantly followed by Japan (X units), comprising a 6.6% share of total exports. Malaysia (X units), Vietnam (X units), Taiwan (Chinese) (X units) and Thailand (X units) held a minor share of total exports.

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. From 2012 to 2021, the share of China increased by +26 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest porous-tipped pen supplier in Asia, comprising 63% of total exports. The second position in the ranking was held by Japan ($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. In the other countries, the average annual rates were as follows: Japan (+1.7% per year) and Vietnam (+8.8% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, reducing by -29.5% against the previous year. Overall, the export price showed a pronounced setback. The pace of growth was the most pronounced in 2015 when the export price increased by 8.5%. The level of export peaked at $X per unit in 2019; however, from 2020 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 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

In 2021, purchases abroad of porous-tipped pens and markers was finally on the rise to reach X units after three years of decline. The total import volume increased at an average annual rate of +2.9% from 2012 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. 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 +1.7% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units), followed by Japan (X units), Turkey (X units), the United Arab Emirates (X units), South Korea (X units), Thailand (X units), Iraq (X units) and Indonesia (X units) represented the key importers of porous-tipped pens and markers, together generating 66% of total imports. Hong Kong SAR (X units), Taiwan (Chinese) (X units), Singapore (X units), Israel (X units) and Vietnam (X units) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +29.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest porous-tipped pen importing markets in Asia were China ($X), Japan ($X) and Turkey ($X), with a combined 36% share of total imports. South Korea, the United Arab Emirates, Hong Kong SAR, Thailand, Taiwan (Chinese), Israel, Singapore, Indonesia, Iraq and Vietnam lagged somewhat behind, together comprising a further 44%.

In terms of the main importing countries, Vietnam, with a CAGR of +27.5%, 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 more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, falling by -5% against the previous year. Overall, the import price showed a mild decrease. The growth pace was the most rapid in 2019 an increase of 6.9% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

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 Japan ($X per unit), while Iraq ($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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