Hong Kong SAR, China: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Hong Kong SAR, China

In 2021, the Hong Kong porous-tipped pen market increased by 3% to $X, rising for the second year in a row after four years of decline. In general, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Porous-Tipped Pen Production in Hong Kong SAR, China

In value terms, porous-tipped pen production rose slightly to $X in 2021 estimated in export price. In general, production saw a tangible increase. The most prominent rate of growth was recorded in 2019 when the production volume increased by 187%. Porous-tipped pen production peaked at $X in 2014; however, from 2015 to 2021, production stood at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports from Hong Kong SAR, China

In 2021, shipments abroad of porous-tipped pens and markers decreased by -20.1% to X units, falling for the second year in a row after two years of growth. Over the period under review, exports saw a deep setback. The pace of growth was the most pronounced in 2018 with an increase of 12%. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, porous-tipped pen exports shrank to $X in 2021. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2014 with an increase of 14% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), China (X units) and Japan (X units) were the main destinations of porous-tipped pen exports from Hong Kong SAR, together comprising 61% of total exports. These countries were followed by Canada, the UK, Australia, Mexico, France and Slovakia, which together accounted for a further 27%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Slovakia (with a CAGR of +16.5%), while the other leaders experienced mixed trend patterns.

In value terms, the United States ($X), China ($X) and Japan ($X) appeared to be the largest markets for porous-tipped pen exported from Hong Kong SAR worldwide, with a combined 61% share of total exports. These countries were followed by Canada, the UK, Australia, Mexico, France and Slovakia, which together accounted for a further 27%.

Among the main countries of destination, Slovakia, with a CAGR of +24.8%, saw 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

The average porous-tipped pen export price stood at $X per unit in 2021, with an increase of 8.2% against the previous year. In general, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, porous-tipped pen export price increased by +51.6% against 2019 indices. The pace of growth was the most pronounced in 2020 an increase of 40% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Australia ($X per unit) and the United States ($X per unit), while the average price for exports to Slovakia ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+7.2%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of porous-tipped pens and markers decreased by -15.7% to X units, falling for the sixth year in a row after two years of growth. Over the period under review, imports continue to indicate a abrupt slump. The growth pace was the most rapid in 2015 when imports increased by 1.1% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, porous-tipped pen imports contracted to $X in 2021. In general, imports showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 2%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Vietnam (X units) were the main suppliers of porous-tipped pen imports to Hong Kong SAR, together comprising 81% of total imports. These countries were followed by Germany, South Korea, Malaysia, the United States and Italy, which together accounted for a further 16%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of +9.9%), while imports for the other leaders experienced a decline.

In value terms, the largest porous-tipped pen suppliers to Hong Kong SAR were China ($X), Japan ($X) and Vietnam ($X), with a combined 81% share of total imports. These countries were followed by Germany, South Korea, Malaysia, the United States and Italy, which together accounted for a further 16%.

In terms of the main suppliers, South Korea, with a CAGR of +13.2%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, increasing by 8.6% against the previous year. Over the last nine years, it increased at an average annual rate of +3.0%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the price for Italy ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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