Hungary: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Hungary

The Hungarian drawing ink pen market fell modestly to $X in 2022, which is down by X% against the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Drawing Ink Pen Production in Hungary

In value terms, drawing ink pen production shrank to $X in 2022 estimated in export price. In general, the total production indicated a temperate increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2017 with an increase of X%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Drawing Ink Pen Exports

Exports from Hungary

In 2022, overseas shipments of indian ink drawing pens, fountain pens and stylograph pens decreased by X% to X units, falling for the second consecutive year after two years of growth. In general, exports, however, continue to indicate prominent growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The exports peaked at X units in 2020; however, from 2021 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing ink pen exports fell significantly to $X in 2022. Overall, exports, however, posted significant growth. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2020; however, from 2021 to 2022, the exports failed to regain momentum.

Exports by Country

Slovakia (X units), China (X units) and Romania (X units) were the main destinations of drawing ink pen exports from Hungary, with a combined X% share of total exports. Spain, Bulgaria, the UK and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Hungary, comprising X% of total exports. The second position in the ranking was held by Slovakia ($X), with a X% share of total exports. It was followed by the UK, with a 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: Slovakia (X% per year) and the UK (X% per year).

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, falling by X% against the previous year. In general, the export price, however, saw a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 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 China ($X per unit), while the average price for exports to Bulgaria ($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 Slovakia (X%), while the prices for the other major destinations experienced mixed trend patterns.

Drawing Ink Pen Imports

Imports into Hungary

In 2022, supplies from abroad of indian ink drawing pens, fountain pens and stylograph pens decreased by X% to X units, falling for the second consecutive year after six years of growth. Over the period under review, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. Over the period under review, imports hit record highs at X units in 2020; however, from 2021 to 2022, imports remained at a lower figure.

In value terms, drawing ink pen imports fell remarkably to $X in 2022. In general, imports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Imports peaked at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Germany (X units) and Slovakia (X units) were the main suppliers of drawing ink pen imports to Hungary, together comprising X% of total imports. Greece, Romania, France and the Netherlands lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Greece (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), China ($X) and France ($X) constituted the largest drawing ink pen suppliers to Hungary, together comprising X% of total imports. Slovakia, the Netherlands, Greece and Romania lagged somewhat behind, together accounting for a further X%.

Greece, with a CAGR of X%, recorded the highest rates of growth with regard to 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 drawing ink pen import price stood at $X per unit in 2022, jumping by X% against the previous year. Over the period under review, the import price, however, showed a pronounced downturn. The most prominent rate of growth was recorded in 2014 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2015 to 2022, the average import prices failed to regain momentum.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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