Belgium: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Belgium

The Belgian ball pen refill market skyrocketed to $X in 2021, jumping by 24% against the previous year. Overall, consumption continues to indicate a significant increase. Ball pen refill consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ball Pen Refill Production in Belgium

In value terms, ball pen refill production skyrocketed to $X in 2021 estimated in export price. In general, production enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 75% against the previous year. Ball pen refill production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Ball Pen Refill Exports

Exports from Belgium

For the third year in a row, Belgium recorded growth in shipments abroad of refills for ball-point pens, which increased by 4% to X units in 2021. Over the period under review, exports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 37%. Over the period under review, the exports attained the peak figure in 2021 and are likely to see steady growth in the near future.

In value terms, ball pen refill exports skyrocketed to $X in 2021. Overall, exports recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 55% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the near future.

Exports by Country

The Netherlands (X units) was the main destination for ball pen refill exports from Belgium, accounting for a 75% share of total exports. Moreover, ball pen refill exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), more than tenfold. Germany (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+5.6% per year) and Germany (-20.8% per year).

In value terms, the Netherlands ($X) remains the key foreign market for refills for ball-point pens exports from Belgium, comprising 65% of total exports. The second position in the ranking was held by France ($X), with an 8% share of total exports. It was followed by Germany, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to the Netherlands totaled +16.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+13.0% per year) and Germany (+1.3% per year).

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, growing by 17% against the previous year. Overall, the export price showed strong growth. The pace of growth appeared the most rapid in 2013 an increase of 64%. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the Netherlands ($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 Germany (+27.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Belgium

In 2021, ball pen refill imports into Belgium expanded rapidly to X units, picking up by 6.7% on the previous year. Over the period under review, total imports indicated tangible growth from 2012 to 2021: its volume increased at an average annual rate of +2.9% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -22.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when imports increased by 66%. As a result, imports reached the peak of X units. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, ball pen refill imports expanded significantly to $X in 2021. In general, total imports indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +8.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +13.1% against 2018 indices. The pace of growth was the most pronounced in 2013 with an increase of 33%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, France (X units) constituted the largest ball pen refill supplier to Belgium, accounting for a 46% share of total imports. Moreover, ball pen refill imports from France exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), threefold. The third position in this ranking was held by Poland (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from France stood at +4.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.2% per year) and Poland (-5.4% per year).

In value terms, the largest ball pen refill suppliers to Belgium were France ($X), the Netherlands ($X) and Germany ($X), together accounting for 79% of total imports. Poland, China, Austria and Italy lagged somewhat behind, together comprising a further 17%.

In terms of the main suppliers, Austria, with a CAGR of +127.9%, 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 average ball pen refill import price stood at $X per unit in 2021, picking up by 6.1% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price increased by +50.3% against 2019 indices. The most prominent rate of growth was recorded in 2020 an increase of 42%. Over the period under review, average import prices hit record highs at $X per unit in 2017; however, from 2018 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 the Netherlands ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+18.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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