China: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in China

After two years of growth, the Chinese porous-tipped pen market decreased by -35.5% to $X in 2021. Overall, consumption recorded a perceptible downturn. As a result, consumption attained the peak level of $X, and then dropped remarkably in the following year.

Porous-Tipped Pen Production in China

In value terms, porous-tipped pen production reduced slightly to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the production volume increased by 8% against the previous year. Porous-tipped pen production peaked at $X in 2015; however, from 2016 to 2021, production failed to regain momentum.

Porous-Tipped Pen Exports

Exports from China

For the fourth year in a row, China recorded growth in shipments abroad of porous-tipped pens and markers, which increased by 109% to X units in 2021. In general, exports recorded a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports soared to $X in 2021. Over the period under review, total exports indicated a buoyant increase from 2012 to 2021: its value increased at an average annual rate of +7.2% 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 +45.8% against 2016 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X units) was the main destination for porous-tipped pen exports from China, with a 22% share of total exports. Moreover, porous-tipped pen exports to the United States exceeded the volume sent to the second major destination, Russia (X units), threefold. The Netherlands (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +13.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+27.3% per year) and the Netherlands (+24.1% per year).

In value terms, the United States ($X) remains the key foreign market for porous-tipped pens and markers exports from China, comprising 23% of total exports. The second position in the ranking was held by Russia ($X), with a 6.5% share of total exports. It was followed by the UK, with a 4.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Russia (+18.0% per year) and the UK (+5.1% per year).

Export Prices by Country

In 2021, the average porous-tipped pen export price amounted to $X per unit, waning by -37.6% against the previous year. Overall, the export price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2015 an increase of 12%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied somewhat for the major export markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Vietnam ($X per unit) and Kazakhstan ($X per unit), while the average price for exports to Malaysia ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (-4.8%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into China

In 2021, the amount of porous-tipped pens and markers imported into China surged to X units, growing by 97% compared with 2020. Overall, imports saw a buoyant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen imports surged to $X in 2021. In general, imports enjoyed a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Japan (X units) constituted the largest porous-tipped pen supplier to China, accounting for a 65% share of total imports. Moreover, porous-tipped pen imports from Japan exceeded the figures recorded by the second-largest supplier, Germany (X units), eightfold. The third position in this ranking was held by Vietnam (X units), with a 5.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +17.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.3% per year) and Vietnam (+50.5% per year).

In value terms, Japan ($X) constituted the largest supplier of porous-tipped pens and markers to China, comprising 62% of total imports. The second position in the ranking was taken by Germany ($X), with a 9.9% share of total imports. It was followed by Vietnam, with a 6.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +17.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.3% per year) and Vietnam (+54.5% per year).

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, dropping by -25.3% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 21% against the previous year. As a result, import price attained the peak level of $X per unit, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+5.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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