Belgium: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Belgium

In 2021, after four years of decline, there was significant growth in the Belgian porous-tipped pen market, when its value increased by 31% to $X. In general, consumption continues to indicate a buoyant increase. Porous-tipped pen consumption peaked at $X in 2016; however, from 2017 to 2021, consumption stood at a somewhat lower figure.

Porous-Tipped Pen Production in Belgium

In value terms, porous-tipped pen production skyrocketed to $X in 2021 estimated in export price. In general, production showed a buoyant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 178% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Belgium

In 2021, the amount of porous-tipped pens and markers exported from Belgium rose notably to X units, picking up by 9.8% on the previous year's figure. In general, exports, however, saw a perceptible shrinkage. The pace of growth was the most pronounced in 2020 with an increase of 176% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports rose sharply to $X in 2021. Over the period under review, exports, however, showed a perceptible decline. The most prominent rate of growth was recorded in 2020 when exports increased by 68%. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Germany (X units), France (X units) and the Netherlands (X units) were the main destinations of porous-tipped pen exports from Belgium, with a combined 59% share of total exports. These countries were followed by Hungary, Cyprus, Italy, Poland, Luxembourg, the UK, Spain and Sweden, which together accounted for a further 34%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Cyprus (with a CAGR of +69.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porous-tipped pen exported from Belgium were the Netherlands ($X), France ($X) and Germany ($X), together accounting for 61% of total exports. These countries were followed by Poland, Italy, Luxembourg, Hungary, the UK, Spain, Cyprus and Sweden, which together accounted for a further 28%.

Cyprus, with a CAGR of +45.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average porous-tipped pen export price amounted to $X per unit, surging by 4.6% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 33%. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while the average price for exports to Cyprus ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+14.3%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Belgium

In 2021, overseas purchases of porous-tipped pens and markers increased by 18% to X units, rising for the fifth year in a row after three years of decline. Over the period under review, total imports indicated mild growth from 2012 to 2021: its volume increased at an average annual rate of +1.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +117.6% against 2016 indices. The pace of growth was the most pronounced in 2020 with an increase of 31%. Imports peaked in 2021 and are expected to retain growth in years to come.

In value terms, porous-tipped pen imports soared to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when imports increased by 23%. Imports peaked in 2021 and are likely to see steady growth in the near future.

Imports by Country

The Netherlands (X units), China (X units) and Germany (X units) were the main suppliers of porous-tipped pen imports to Belgium, together comprising 83% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of +11.8%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Germany ($X), the Netherlands ($X) and France ($X) were the largest porous-tipped pen suppliers to Belgium, with a combined 74% share of total imports.

The Netherlands, with a CAGR of +10.2%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, growing by 3.6% against the previous year. Over the last nine years, it increased at an average annual rate of +1.2%. The growth pace was the most rapid in 2015 when the average import price increased by 35%. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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