Canada: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Canada

The Canadian porous-tipped pen market was finally on the rise to reach $X in 2021, after two years of decline. In general, consumption, however, showed a relatively flat trend pattern. Porous-tipped pen consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Porous-Tipped Pen Production in Canada

In value terms, porous-tipped pen production rose rapidly to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable slump. The pace of growth was the most pronounced in 2014 with an increase of 97% against the previous year. Porous-tipped pen production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Canada

In 2021, shipments abroad of porous-tipped pens and markers decreased by -2% to X units, falling for the fifth year in a row after five years of growth. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 54% against the previous year. As a result, the exports attained the peak of X units. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, porous-tipped pen exports expanded remarkably to $X in 2021. In general, exports, however, recorded a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 59% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for porous-tipped pen exports from Canada, accounting for a approx. 96% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +2.3%.

In value terms, the United States ($X) also remains the key foreign market for porous-tipped pens and markers exports from Canada.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +8.5%.

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, picking up by 14% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, porous-tipped pen export price increased by +68.8% against 2012 indices. The pace of growth was the most pronounced in 2020 an increase of 17%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +6.0% per year.

Porous-Tipped Pen Imports

Imports into Canada

In 2021, approx. X units of porous-tipped pens and markers were imported into Canada; picking up by 2.4% on 2020. The total import volume increased at an average annual rate of +1.2% from 2012 to 2021; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2016 when imports increased by 21% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, porous-tipped pen imports totaled $X in 2021. The total import value increased at an average annual rate of +4.4% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 when imports increased by 23% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

The United States (X units), China (X units) and Japan (X units) were the main suppliers of porous-tipped pen imports to Canada, together accounting for 74% of total imports. These countries were followed by Germany, Italy, Mexico, Vietnam and South Korea, which together accounted for a further 24%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +22.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and Japan ($X) constituted the largest porous-tipped pen suppliers to Canada, together accounting for 74% of total imports. These countries were followed by Germany, Italy, Mexico, Vietnam and South Korea, which together accounted for a further 24%.

Vietnam, with a CAGR of +25.9%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, rising by 9.1% against the previous year. Over the last nine years, it increased at an average annual rate of +3.1%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Mexico ($X per unit), while the price for Italy ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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