Hungary: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Hungary

The Hungarian ball pen refill market soared to $X in 2021, surging by 25% against the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.

Ball Pen Refill Production in Hungary

In value terms, ball pen refill production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, saw a deep setback. The growth pace was the most rapid in 2016 with an increase of 8.5%. Ball pen refill production peaked at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Ball Pen Refill Exports

Exports from Hungary

In 2021, shipments abroad of refills for ball-point pens was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Overall, exports, however, continue to indicate a drastic downturn. The growth pace was the most rapid in 2015 when exports increased by 75%. The exports peaked at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, ball pen refill exports amounted to $X in 2021. Over the period under review, exports showed a buoyant expansion. The growth pace was the most rapid in 2015 with an increase of 168%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), Slovakia (X units) and Russia (X units) were the main destinations of ball pen refill exports from Hungary, with a combined 92% share of total exports. These countries were followed by Romania and Ukraine, which together accounted for a further 3.9%.

From 2012 to 2021, the biggest increases were recorded for Ukraine (with a CAGR of +22.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Czech Republic ($X), Slovakia ($X) and Russia ($X) were the largest markets for ball pen refill exported from Hungary worldwide, with a combined 98% share of total exports. Ukraine and Romania lagged somewhat behind, together comprising a further 1.8%.

In terms of the main countries of destination, Ukraine, with a CAGR of +38.7%, recorded the highest rates of growth with regard to 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 ball pen refill export price stood at $X per unit in 2021, with an increase of 11% against the previous year. In general, the export price posted a significant increase. The most prominent rate of growth was recorded in 2016 when the average export price increased by 81% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Russia ($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 the Czech Republic (+46.1%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Hungary

In 2021, overseas purchases of refills for ball-point pens decreased by -6.5% to X units for the first time since 2017, thus ending a three-year rising trend. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth was the most pronounced in 2014 with an increase of 33%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +3.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

India (X units), China (X units) and Latvia (X units) were the main suppliers of ball pen refill imports to Hungary, with a combined 77% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Latvia (with a CAGR of +236.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of refills for ball-point pens to Hungary, comprising 41% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Indonesia, with a 9.4% share.

From 2012 to 2021, the average annual growth rate of value from France amounted to +64.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.9% per year) and Indonesia (+4.8% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, jumping by 60% against the previous year. In general, import price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +8.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 79% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Latvia (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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