Eastern Asia: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Eastern Asia

After two years of growth, the East Asian porous-tipped pen market decreased by -27.5% to $X in 2021. In general, consumption saw a perceptible contraction. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a lower figure.

Porous-Tipped Pen Production in Eastern Asia

In value terms, porous-tipped pen production shrank slightly to $X in 2021 estimated in export price. Overall, production saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 with an increase of 11% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a lower figure.

Porous-Tipped Pen Exports

Exports in Eastern Asia

Porous-tipped pen exports skyrocketed to X units in 2021, growing by 87% compared with 2020. In general, exports recorded resilient growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +5.1% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China dominates exports structure, resulting at X units, which was approx. 88% of total exports in 2021. It was distantly followed by Japan (X units), generating a 7.4% share of total exports. The following exporters - Taiwan (Chinese) (X units) and South Korea (X units) - each accounted for a 3.7% share of total exports.

China was also the fastest-growing in terms of the porous-tipped pens and markers exports, with a CAGR of +13.9% from 2012 to 2021. At the same time, Taiwan (Chinese) (+13.1%) displayed positive paces of growth. By contrast, Japan (-4.0%) and South Korea (-4.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China increased by +25 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest porous-tipped pen supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by Japan ($X), with a 19% share of total exports. It was followed by South Korea, with a 2.7% share.

In China, porous-tipped pen exports increased at an average annual rate of +7.2% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Japan (+1.7% per year) and South Korea (-3.7% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2021, with a decrease of -32.8% against the previous year. Overall, the export price recorded a noticeable decline. The most prominent rate of growth was recorded in 2015 an increase of 10% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the other leaders experienced mixed trends in the export price figures.

Porous-Tipped Pen Imports

Imports in Eastern Asia

In 2021, porous-tipped pen imports in Eastern Asia surged to X units, growing by 24% against 2020. The total import volume increased at an average annual rate of +1.5% over the period from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. 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. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units), distantly followed by Japan (X units), South Korea (X units), Hong Kong SAR (X units) and Taiwan (Chinese) (X units) represented the key importers of porous-tipped pens and markers, together committing 100% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by South Korea (with a CAGR of +12.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and South Korea ($X) were the countries with the highest levels of imports in 2021, together accounting for 79% of total imports.

In terms of the main importing countries, China, with a CAGR of +11.6%, 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

In 2021, the import price in Eastern Asia amounted to $X per unit, reducing by -6.2% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2020 when the import price increased by 6.5% against the previous year. As a result, import price reached the peak level of $X per unit, and then contracted in the following year.

Average prices varied somewhat amongst the major importing countries. In 2021, major importing countries recorded the following prices: in Japan ($X per unit) and Hong Kong SAR ($X per unit), while South Korea ($X per unit) and China ($X per unit) were amongst the lowest.

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

Source: IndexBox Platform

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