Indonesia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Indonesia

After nine years of growth, the Indonesian ball pen refill market decreased by -4.9% to $X in 2021. Over the period under review, consumption, however, showed significant growth. Over the period under review, the market hit record highs at $X in 2020, and then contracted modestly in the following year.

Ball Pen Refill Production in Indonesia

In value terms, ball pen refill production reduced modestly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded significant growth. The pace of growth appeared the most rapid in 2018 when the production volume increased by 82% against the previous year. Ball pen refill production peaked at $X in 2020, and then shrank slightly in the following year.

Ball Pen Refill Exports

Exports from Indonesia

In 2021, shipments abroad of refills for ball-point pens increased by 28% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a pronounced downturn. The pace of growth appeared the most rapid in 2018 with an increase of 190%. As a result, the exports attained the peak of X units. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, ball pen refill exports skyrocketed to $X in 2021. Overall, exports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when exports increased by 110% against the previous year. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Hong Kong SAR (X units), the United States (X units) and Hungary (X units) were the main destinations of ball pen refill exports from Indonesia, together accounting for 57% of total exports. These countries were followed by Singapore, Mexico, the United Arab Emirates, South Korea, the Netherlands, China and Germany, which together accounted for a further 11%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +65.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) emerged as the key foreign market for refills for ball-point pens exports from Indonesia, comprising 38% of total exports. The second position in the ranking was held by Hungary ($X), with a 14% share of total exports. It was followed by Singapore, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States amounted to +3.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+16.6% per year) and Singapore (+56.6% per year).

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, with an increase of 4.8% against the previous year. In general, export price indicated a tangible increase from 2012 to 2021: its price increased at an average annual rate of +3.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill export price increased by +16.5% against 2019 indices. The most prominent rate of growth was recorded in 2014 an increase of 19% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while the average price for exports to Hong Kong SAR ($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 Singapore (+16.8%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Indonesia

After five years of growth, overseas purchases of refills for ball-point pens decreased by -29.1% to X units in 2021. In general, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 131%. Over the period under review, imports reached the peak figure at X units in 2020, and then declined remarkably in the following year.

In value terms, ball pen refill imports fell to $X in 2021. Overall, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2018 with an increase of 66% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen refill to Indonesia, with a 74% share of total imports. Moreover, ball pen refill imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), sixfold. Singapore (X units) ranked third in terms of total imports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at +26.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-4.3% per year) and Singapore (+16.0% per year).

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to Indonesia, comprising 59% of total imports. The second position in the ranking was held by China ($X), with a 23% share of total imports. It was followed by India, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan stood at +5.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+12.4% per year) and India (+35.5% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, picking up by 36% against the previous year. Overall, the import price, however, showed a deep contraction. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+10.2%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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