Eastern Asia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Eastern Asia

The East Asian ball pen refill market reached $X in 2021, standing approx. at the previous year. In general, consumption, however, recorded a significant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ball Pen Refill Production in Eastern Asia

In value terms, ball pen refill production totaled $X in 2021 estimated in export price. Over the period under review, production, however, posted significant growth. The growth pace was the most rapid in 2017 when the production volume increased by 68% against the previous year. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Ball Pen Refill Exports

Exports in Eastern Asia

After six years of decline, shipments abroad of refills for ball-point pens increased by 134% to X units in 2021. Overall, exports, however, recorded a perceptible downturn. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, ball pen refill exports surged to $X in 2021. Total exports indicated moderate growth from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

China represented the main exporting country with an export of around X units, which accounted for 75% of total exports. Japan (X units) held the second position in the ranking, distantly followed by South Korea (X units). All these countries together held near 25% share of total exports.

China was also the fastest-growing in terms of the refills for ball-point pens exports, with a CAGR of -1.0% from 2012 to 2021. South Korea (-4.3%) and Japan (-7.3%) illustrated a downward trend over the same period. While the share of China (+11 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Japan (-8.9 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) remains the largest ball pen refill supplier in Eastern Asia, comprising 72% of total exports. The second position in the ranking was taken by China ($X), with a 24% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Japan stood at +5.1%. In the other countries, the average annual rates were as follows: China (+5.5% per year) and South Korea (-1.2% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, shrinking by -39.6% against the previous year. In general, the export price, however, posted prominent growth. The most prominent rate of growth was recorded in 2016 when the export price increased by 74%. Over the period under review, the export prices hit record highs at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, 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 (+13.4%), while the other leaders experienced more modest paces of growth.

Ball Pen Refill Imports

Imports in Eastern Asia

After two years of decline, supplies from abroad of refills for ball-point pens increased by 23% to X units in 2021. In general, imports recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports rose significantly to $X in 2021. Total imports indicated noticeable growth from 2012 to 2021: its value increased at an average annual rate of +3.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2016 when imports increased by 16%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China represented the main importing country with an import of about X units, which reached 56% of total imports. Japan (X units) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X units), Hong Kong SAR (X units) and South Korea (X units). All these countries together held approx. 42% share of total imports.

China experienced a relatively flat trend pattern with regard to volume of imports of refills for ball-point pens. At the same time, Taiwan (Chinese) (+15.1%), South Korea (+3.1%) and Japan (+2.9%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +15.1% from 2012-2021. By contrast, Hong Kong SAR (-9.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Taiwan (Chinese) and Japan increased by +7.7 and +4.1 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported refills for ball-point pens in Eastern Asia, comprising 42% of total imports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total imports. It was followed by South Korea, with a 17% share.

In China, ball pen refill imports expanded at an average annual rate of +8.7% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (+0.6% per year) and South Korea (+8.2% per year).

Import Prices by Country

In 2021, the import price in Eastern Asia amounted to $X per unit, declining by -11.8% against the previous year. Import price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price increased by +20.0% against 2018 indices. The pace of growth was the most pronounced in 2016 when the import price increased by 29% against the previous year. The level of import peaked at $X per unit in 2020, and then shrank in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was South Korea ($X per unit), while Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+9.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :