Hong Kong SAR, China: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Hong Kong SAR, China

The Hong Kong drawing ink pen market declined to $X in 2022, reducing by X% against the previous year. Over the period under review, consumption saw a deep downturn. As a result, consumption attained the peak level of $X. From 2014 to 2022, the growth of the market remained at a somewhat lower figure.

Drawing Ink Pen Production in Hong Kong SAR, China

In value terms, drawing ink pen production rose to $X in 2022 estimated in export price. Over the period under review, production, however, continues to indicate a abrupt contraction. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Drawing Ink Pen Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of indian ink drawing pens, fountain pens and stylograph pens increased by X% to X units, rising for the third consecutive year after three years of decline. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2015 with an increase of X%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, drawing ink pen exports declined remarkably to $X in 2022. Over the period under review, exports enjoyed a prominent increase. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then declined dramatically in the following year.

Exports by Country

China (X units) was the main destination for drawing ink pen exports from Hong Kong SAR, accounting for a X% share of total exports. Moreover, drawing ink pen exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. Taiwan (Chinese) (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, China ($X) remains the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Hong Kong SAR, comprising X% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a X% share of total exports. It was followed by Germany, with an X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (X% per year) and Germany (X% per year).

Export Prices by Country

In 2022, the average drawing ink pen export price amounted to $X per unit, waning by X% against the previous year. In general, the export price showed a abrupt curtailment. The growth pace was the most rapid in 2020 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Drawing Ink Pen Imports

Imports into Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in overseas purchases of indian ink drawing pens, fountain pens and stylograph pens, when their volume decreased by X% to X units. In general, imports recorded a pronounced slump. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, drawing ink pen imports totaled $X in 2022. Overall, imports, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2013 with an increase of X%. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Germany (X units), China (X units) and Switzerland (X units) were the main suppliers of drawing ink pen imports to Hong Kong SAR, together accounting for X% of total imports. The Netherlands, Singapore, Israel, Japan, Poland and the United States lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Netherlands (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of indian ink drawing pens, fountain pens and stylograph pens to Hong Kong SAR, comprising X% of total imports. The second position in the ranking was taken by Switzerland ($X), with an X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Germany stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Switzerland (X% per year) and the Netherlands (X% per year).

Import Prices by Country

The average drawing ink pen import price stood at $X per unit in 2022, picking up by X% against the previous year. Over the period under review, the import price recorded buoyant growth. The most prominent rate of growth was recorded in 2014 an increase of X%. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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