Israel: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Israel

The Israeli porous-tipped pen market stood at $X in 2021, surging by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). The market value increased at an average annual rate of +1.6% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Israel

In 2021, the amount of porous-tipped pens and markers exported from Israel surged to X units, jumping by 279% against 2020 figures. In general, exports posted significant growth. The pace of growth appeared the most rapid in 2013 when exports increased by 3,884%. Over the period under review, the exports attained the maximum at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, porous-tipped pen exports soared to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 2,725%. The exports peaked in 2021 and are expected to retain growth in years to come.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and Spain (X units) were the main destinations of porous-tipped pen exports from Israel, together comprising 57% of total exports.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +113.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porous-tipped pen exported from Israel were the United States ($X), Hong Kong SAR ($X) and Spain ($X), with a combined 55% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +115.9%, recorded the highest growth rate of 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 porous-tipped pen export price stood at $X per unit in 2021, with an increase of 29% against the previous year. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Spain ($X per unit), while the average price for exports to New Zealand ($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 Italy (+18.0%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Israel

In 2021, supplies from abroad of porous-tipped pens and markers was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of 12% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, porous-tipped pen imports rose markedly to $X in 2021. The total import value increased at an average annual rate of +2.0% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when imports increased by 13% against the previous year. Over the period under review, imports reached the maximum at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest porous-tipped pen supplier to Israel, accounting for a 38% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), twofold. Italy (X units) ranked third in terms of total imports with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +4.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.0% per year) and Italy (-0.4% per year).

In value terms, China ($X) constituted the largest supplier of porous-tipped pens and markers to Israel, comprising 38% of total imports. The second position in the ranking was taken by Germany ($X), with an 18% share of total imports. It was followed by Italy, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-1.0% per year) and Italy (+2.7% per year).

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, growing by 4.7% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 12% against the previous year. Over the period under review, average import prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Japan ($X per unit) and China ($X per unit), while the price for Cyprus ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United States (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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