Canada: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Canada

For the third year in a row, the Canadian ball pen refill market recorded decline in sales value, which decreased by -7.6% to $X in 2021. In general, consumption showed a noticeable reduction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Ball Pen Refill Exports

Exports from Canada

Ball pen refill exports from Canada soared to X units in 2021, with an increase of 5,832% compared with the previous year's figure. In general, exports, however, recorded a abrupt downturn. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball pen refill exports surged to $X in 2021. Over the period under review, exports, however, showed a perceptible reduction. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for ball pen refill exports from Canada, accounting for a 76% share of total exports. Moreover, ball pen refill exports to the United States exceeded the volume sent to the second major destination, Japan (X units), fourfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 1.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at -1.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Hong Kong SAR (-32.3% per year).

It was followed by Hong Kong SAR, with a 1.3% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +1.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (0.0% per year) and Hong Kong SAR (-30.2% per year).

Export Prices by Country

The average ball pen refill export price stood at $X per unit in 2021, rising by 7% against the previous year. Overall, the export price saw a tangible expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 320% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the countries with the highest prices were Poland ($X per unit) and Hong Kong SAR ($X per unit), while the average price for exports to Japan ($X per unit) and the United States ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Poland (+3.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Canada

Ball pen refill imports into Canada fell dramatically to X units in 2021, with a decrease of -18.4% compared with the previous year. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2015 with an increase of 28% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, ball pen refill imports contracted modestly to $X in 2021. Overall, imports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when imports increased by 35% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, France (X units) constituted the largest supplier of ball pen refill to Canada, accounting for a 53% share of total imports. Moreover, ball pen refill imports from France exceeded the figures recorded by the second-largest supplier, Japan (X units), threefold. The third position in this ranking was taken by China (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from France totaled +10.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+6.5% per year) and China (+5.9% per year).

In value terms, Japan ($X), China ($X) and Germany ($X) constituted the largest ball pen refill suppliers to Canada, together comprising 77% of total imports. These countries were followed by France, Switzerland, the United States and the UK, which together accounted for a further 18%.

Switzerland, with a CAGR of +31.5%, recorded the highest rates of growth with regard to 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

In 2021, the average ball pen refill import price amounted to $X per thousand units, surging by 22% against the previous year. Over the period under review, the import price recorded a measured increase. The pace of growth appeared the most rapid in 2016 an increase of 63%. Over the period under review, average import prices hit record highs at $X per thousand units in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per thousand units), while the price for France ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+31.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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