Colombia: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Colombia

The Colombian porous-tipped pen market expanded markedly to $X in 2021, picking up by 7.6% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +2.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Porous-tipped pen consumption peaked in 2021 and is likely to see gradual growth in years to come.

Porous-Tipped Pen Exports

Exports from Colombia

In 2021, porous-tipped pen exports from Colombia rose remarkably to X units, picking up by 15% on the year before. Overall, exports, however, continue to indicate a slight slump. The most prominent rate of growth was recorded in 2013 with an increase of 42%. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, porous-tipped pen exports expanded sharply to $X in 2021. Over the period under review, exports, however, saw a perceptible setback. The most prominent rate of growth was recorded in 2013 when exports increased by 40% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador (X units) was the main destination for porous-tipped pen exports from Colombia, accounting for a 49% share of total exports. Moreover, porous-tipped pen exports to Ecuador exceeded the volume sent to the second major destination, Argentina (X units), threefold. Germany (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Ecuador totaled -8.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+25.4% per year) and Germany (+478.8% per year).

In value terms, Ecuador ($X) remains the key foreign market for porous-tipped pens and markers exports from Colombia, comprising 59% of total exports. The second position in the ranking was taken by Argentina ($X), with a 15% share of total exports. It was followed by Germany, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value to Ecuador stood at -7.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (+24.2% per year) and Germany (+495.1% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, leveling off at the previous year. In general, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 7.1% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ecuador ($X per unit), while the average price for exports to Germany ($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 (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

Porous-Tipped Pen Imports

Imports into Colombia

In 2021, porous-tipped pen imports into Colombia amounted to X units, remaining stable against 2020 figures. The total import volume increased at an average annual rate of +2.8% 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 2014 with an increase of 18% against the previous year. Over the period under review, imports attained the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, porous-tipped pen imports stood at $X in 2021. Overall, imports showed a relatively flat trend pattern. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest porous-tipped pen supplier to Colombia, with a 68% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), fourfold. The third position in this ranking was taken by Mexico (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +7.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-1.1% per year) and Mexico (-2.7% per year).

In value terms, China ($X), the United States ($X) and Mexico ($X) appeared to be the largest porous-tipped pen suppliers to Colombia, together accounting for 82% of total imports. These countries were followed by Peru, Malaysia and Taiwan (Chinese), which together accounted for a further 9.5%.

Taiwan (Chinese), with a CAGR of +36.0%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, surging by 13% against the previous year. Overall, the import price, however, continues to indicate a noticeable descent. Over the period under review, average import prices attained the peak figure at $X per unit in 2012; however, from 2013 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 Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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