Asia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Asia

In 2021, after nine years of growth, there was decline in the Asian ball pen refill market, when its value decreased by -2.7% to $X. In general, consumption, however, showed a significant expansion. The level of consumption peaked at $X in 2020, and then shrank slightly in the following year.

Ball Pen Refill Production in Asia

In value terms, ball pen refill production declined modestly to $X in 2021 estimated in export price. Over the period under review, production, however, posted a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 67%. Over the period under review, production attained the maximum level at $X in 2020, and then dropped slightly in the following year.

Ball Pen Refill Exports

Exports in Asia

In 2021, the amount of refills for ball-point pens exported in Asia soared to X units, increasing by 67% compared with the previous year's figure. Total exports indicated slight growth 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 +93.8% against 2017 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, ball pen refill exports soared to $X in 2021. Total exports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.9% 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) prevails in exports structure, together mixing up 83% of total exports. It was distantly followed by Japan (X units) and South Korea (X units), together comprising a 15% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by India (with a CAGR of +17.2%), while the other leaders experienced a decline in the exports figures.

In value terms, Japan ($X) remains the largest ball pen refill supplier in Asia, comprising 65% of total exports. The second position in the ranking was held by China ($X), with a 22% share of total exports. It was followed by India, with a 6.9% share.

In Japan, ball pen refill exports increased at an average annual rate of +5.1% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+5.5% per year) and India (+15.4% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, reducing by -17.8% against the previous year. In general, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2016 an increase of 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.

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 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

In 2021, imports of refills for ball-point pens in Asia surged to X units, picking up by 38% against the previous year's figure. The total import volume increased at an average annual rate of +2.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports rose rapidly to $X in 2021. The total import value increased at an average annual rate of +2.6% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when imports increased by 15% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

The purchases of the three major importers of refills for ball-point pens, namely Pakistan, India and China, represented more than half of total import. Japan (X units) took a 7.5% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (4.9%). Taiwan (Chinese) (X units), the United Arab Emirates (X units), Thailand (X units), Hong Kong SAR (X units) and South Korea (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 leading importing countries, was attained by the United Arab Emirates (with a CAGR of +21.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported refills for ball-point pens in Asia, comprising 28% of total imports. The second position in the ranking was taken by Taiwan (Chinese) ($X), with a 14% share of total imports. It was followed by South Korea, with a 12% 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 South Korea (+8.2% per year).

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, which is down by -16.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2020 an increase of 28% against the previous year. As a result, import price attained the peak level of $X per unit, and then reduced markedly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($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

Frequently Asked Questions (FAQ) :