Ireland: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Ireland

In 2021, the Irish porous-tipped pen market increased by 33% to $X, rising for the third consecutive year after two years of decline. Overall, consumption showed a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Porous-Tipped Pen Exports

Exports from Ireland

In 2021, porous-tipped pen exports from Ireland fell notably to X units, with a decrease of -38.6% compared with the previous year's figure. In general, exports recorded a abrupt decrease. The growth pace was the most rapid in 2014 when exports increased by 21% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports dropped sharply to $X in 2021. Over the period under review, exports saw a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 16% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The UK (X units) was the main destination for porous-tipped pen exports from Ireland, accounting for a 87% share of total exports. Moreover, porous-tipped pen exports to the UK exceeded the volume sent to the second major destination, Spain (X units), more than tenfold. France (X units) ranked third in terms of total exports with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the UK stood at -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+20.0% per year) and France (-6.2% per year).

In value terms, the UK ($X) remains the key foreign market for porous-tipped pens and markers exports from Ireland, comprising 85% of total exports. The second position in the ranking was taken by Spain ($X), with a 2.9% share of total exports. It was followed by France, with a 2% share.

From 2012 to 2021, the average annual growth rate of value to the UK totaled -12.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+5.7% per year) and France (-12.0% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, increasing by 19% against the previous year. Overall, the export price, however, showed a slight slump. The export price peaked at $X per unit in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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 Australia ($X per unit), while the average price for exports to Ecuador (less than $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 UK (+1.7%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into Ireland

In 2021, purchases abroad of porous-tipped pens and markers increased by 28% to X units, rising for the third year in a row after two years of decline. Overall, imports enjoyed buoyant growth. The pace of growth appeared the most rapid in 2019 with an increase of 40% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, porous-tipped pen imports soared to $X in 2021. Over the period under review, total imports indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +93.2% against 2013 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of porous-tipped pen to Ireland, accounting for a 44% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, France (X units), threefold. The third position in this ranking was held by the UK (X units), with a 14% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled +13.5%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+25.1% per year) and the UK (-8.4% per year).

In value terms, China ($X), the UK ($X) and the United States ($X) were the largest porous-tipped pen suppliers to Ireland, with a combined 63% share of total imports. France, Germany, the Netherlands and India lagged somewhat behind, together accounting for a further 17%.

Among the main suppliers, the Netherlands, with a CAGR of +27.5%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, with an increase of 2.1% against the previous year. Over the period under review, the import price, however, continues to indicate a noticeable downturn. The growth pace was the most rapid in 2018 when the average import price increased by 9.5%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

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 the United States ($X per unit), while the price for India ($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 (-1.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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