Ecuador: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Ecuador

In 2021, the Ecuadorian porous-tipped pen market increased by 9.8% to $X for the first time since 2018, thus ending a two-year declining trend. In general, consumption, however, showed a pronounced descent. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Ecuador

In 2021, shipments abroad of porous-tipped pens and markers increased by 0.8% to X units, rising for the fourth consecutive year after three years of decline. Over the period under review, exports, however, continue to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 with an increase of 220%. Over the period under review, the exports reached the maximum at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports declined remarkably to $X in 2021. In general, exports, however, showed a deep slump. The most prominent rate of growth was recorded in 2014 with an increase of 183% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Cuba (X units) was the main destination for porous-tipped pen exports from Ecuador, with a 56% share of total exports. Moreover, porous-tipped pen exports to Cuba exceeded the volume sent to the second major destination, Chile (X units), threefold. The third position in this ranking was held by Free Zones (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Cuba was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-16.7% per year) and Free Zones (+21.6% per year).

In value terms, Free Zones ($X) remains the key foreign market for porous-tipped pens and markers exports from Ecuador, comprising 43% of total exports. The second position in the ranking was taken by Chile ($X), with a 21% share of total exports. It was followed by Bolivia, with an 18% share.

From 2012 to 2021, the average annual growth rate of value to Free Zones amounted to +21.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Chile (-10.2% per year) and Bolivia (+11.8% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, with a decrease of -32.6% against the previous year. Over the period under review, the export price continues to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2017 when the average export price increased by 120% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Free Zones ($X per unit), while the average price for exports to Peru (less than $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 Chile (+7.8%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into Ecuador

In 2021, purchases abroad of porous-tipped pens and markers increased by 8.5% to X units for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a mild decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 43%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, porous-tipped pen imports expanded sharply to $X in 2021. In general, imports, however, continue to indicate a noticeable reduction. The most prominent rate of growth was recorded in 2018 when imports increased by 35%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Colombia (X units) and Peru (X units) were the main suppliers of porous-tipped pen imports to Ecuador, with a combined 74% share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +4.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest porous-tipped pen suppliers to Ecuador were Colombia ($X), China ($X) and Peru ($X), with a combined 62% share of total imports. These countries were followed by Germany, the United States, Malaysia, Mexico and France, which together accounted for a further 17%.

Malaysia, with a CAGR of +8.6%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, stabilizing at the previous year. Over the period under review, the import price, however, showed a noticeable contraction. The pace of growth was the most pronounced in 2018 when the average import price increased by 19% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a 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 Germany ($X per unit), while the price for Mexico ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Malaysia (+5.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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