Eastern Europe: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Eastern Europe

In 2021, the East European ball pen refill market decreased by -4% to $X for the first time since 2011, thus ending a nine-year rising trend. Over the period under review, consumption, however, saw a significant increase. The level of consumption peaked at $X in 2020, and then declined slightly in the following year.

Ball Pen Refill Production in Eastern Europe

In value terms, ball pen refill production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a significant expansion. The pace of growth appeared the most rapid in 2015 with an increase of 102%. Over the period under review, production attained the peak level at $X in 2020, and then declined in the following year.

Ball Pen Refill Exports

Exports in Eastern Europe

For the third year in a row, Eastern Europe recorded decline in shipments abroad of refills for ball-point pens, which decreased by -0.8% to X units in 2021. Overall, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 30%. Over the period under review, the exports attained the maximum at X units in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, ball pen refill exports expanded slightly to $X in 2021. Total exports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.9% 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 +128.5% against 2013 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 47%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

The Czech Republic represented the key exporter of refills for ball-point pens in Eastern Europe, with the volume of exports accounting for X units, which was near 37% of total exports in 2021. Russia (X units) took the second position in the ranking, followed by Poland (X units) and Bulgaria (X units). All these countries together held near 48% share of total exports. The following exporters - Latvia (X units), Slovakia (X units) and Belarus (X units) - each reached a 9.3% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +38.6%), while the other leaders experienced more modest paces of growth.

In value terms, Poland ($X), the Czech Republic ($X) and Bulgaria ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 80% share of total exports.

Among the main exporting countries, Bulgaria, with a CAGR of +59.9%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Eastern Europe amounted to $X per unit, rising by 3% against the previous year. Over the period under review, the export price recorded a prominent increase. The most prominent rate of growth was recorded in 2014 when the export price increased by 35%. The level of export peaked in 2021 and is likely to see gradual growth in the near future.

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 Slovakia ($X per unit), while Belarus (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Poland (+27.4%), while the other leaders experienced more modest paces of growth.

Ball Pen Refill Imports

Imports in Eastern Europe

Ball pen refill imports skyrocketed to X units in 2021, increasing by 17% on the previous year's figure. Over the period under review, imports, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when imports increased by 20% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports surged to $X in 2021. Total imports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +6.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.3% against 2012 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia was the largest importer of refills for ball-point pens in Eastern Europe, with the volume of imports reaching X units, which was near 43% of total imports in 2021. Poland (X units) held the second position in the ranking, distantly followed by Belarus (X units), Slovakia (X units), Romania (X units) and Ukraine (X units). All these countries together held approx. 45% share of total imports. Bulgaria (X units) followed a long way behind the leaders.

Imports into Russia increased at an average annual rate of +4.0% from 2012 to 2021. At the same time, Slovakia (+8.4%), Belarus (+5.1%), Romania (+4.7%) and Poland (+4.7%) displayed positive paces of growth. Moreover, Slovakia emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of +8.4% from 2012-2021. By contrast, Bulgaria (-12.4%) and Ukraine (-13.7%) illustrated a downward trend over the same period. While the share of Russia (+13 p.p.), Poland (+6.2 p.p.), Belarus (+4 p.p.), Slovakia (+2.9 p.p.) and Romania (+1.8 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Bulgaria (-8.3 p.p.) and Ukraine (-14 p.p.) displayed negative dynamics.

In value terms, Poland ($X) constitutes the largest market for imported refills for ball-point pens in Eastern Europe, comprising 39% of total imports. The second position in the ranking was taken by Slovakia ($X), with a 13% share of total imports. It was followed by Russia, with a 12% share.

In Poland, ball pen refill imports increased at an average annual rate of +12.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Slovakia (+22.2% per year) and Russia (-4.8% per year).

Import Prices by Country

In 2021, the import price in Eastern Europe amounted to $X per unit, surging by 1.5% against the previous year. Import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price decreased by -5.8% against 2017 indices. The most prominent rate of growth was recorded in 2013 when the import price increased by 19%. Over the period under review, import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 Slovakia ($X per unit), while Belarus (less than $X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bulgaria (+39.2%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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