Hong Kong SAR, China: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Hong Kong SAR, China

The Hong Kong ball pen refill market rose slightly to $X in 2021, growing by 3.5% against the previous year. Over the period under review, consumption, however, continues to indicate a resilient expansion. Ball pen refill consumption peaked in 2021 and is expected to retain growth in the near future.

Ball Pen Refill Production in Hong Kong SAR, China

In value terms, ball pen refill production amounted to $X in 2021 estimated in export price. Overall, production, however, posted a significant expansion. The pace of growth appeared the most rapid in 2016 when the production volume increased by 538% against the previous year. Over the period under review, production reached the maximum level at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Ball Pen Refill Exports

Exports from Hong Kong SAR, China

In 2021, overseas shipments of refills for ball-point pens decreased by -48.9% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 152%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ball pen refill exports dropped sharply to $X in 2021. In general, exports saw a deep contraction. The most prominent rate of growth was recorded in 2014 with an increase of 36% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for ball pen refill exports from Hong Kong SAR, accounting for a 68% share of total exports. Moreover, ball pen refill exports to China exceeded the volume sent to the second major destination, Italy (X units), ninefold. France (X units) ranked third in terms of total exports with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+18.7% per year) and France (+11.6% per year).

In value terms, China ($X) remains the key foreign market for refills for ball-point pens exports from Hong Kong SAR, comprising 40% of total exports. The second position in the ranking was held by India ($X), with an 11% share of total exports. It was followed by Germany, with a 4.1% share.

From 2012 to 2021, the average annual growth rate of value to China stood at +1.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: India (+5.5% per year) and Germany (+10.1% per year).

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, jumping by 39% against the previous year. Overall, the export price, however, showed a abrupt decrease. Over the period under review, the average export prices attained the maximum at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Italy ($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 Germany (+7.3%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Hong Kong SAR, China

In 2021, overseas purchases of refills for ball-point pens decreased by -35.9% to X units, falling for the fourth year in a row after four years of growth. Overall, imports saw a abrupt setback. The growth pace was the most rapid in 2015 when imports increased by 47% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, ball pen refill imports dropped remarkably to $X in 2021. In general, imports recorded a deep slump. The pace of growth appeared the most rapid in 2015 when imports increased by 53% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of ball pen refill to Hong Kong SAR, with a 84% share of total imports. Moreover, ball pen refill imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), more than tenfold. South Korea (X units) ranked third in terms of total imports with a 2.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan stood at -6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-19.3% per year) and South Korea (-4.7% per year).

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to Hong Kong SAR, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 21% share of total imports. It was followed by Germany, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan amounted to -6.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+10.3% per year) and Germany (-14.7% per year).

Import Prices by Country

The average ball pen refill import price stood at $X per unit in 2021, falling by -19.3% against the previous year. Over the period under review, the import price, however, enjoyed notable growth. The pace of growth appeared the most rapid in 2020 when the average import price increased by 78% against the previous year. As a result, import price reached the peak level of $X per unit, and then plummeted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for South Korea ($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 (+36.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :