Japan: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Japan

The Japanese ball pen refill market rose significantly to $X in 2021, with an increase of 6.3% against the previous year. Over the period under review, consumption recorded a significant increase. Ball pen refill consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ball Pen Refill Production in Japan

In value terms, ball pen refill production rose sharply to $X in 2021 estimated in export price. Over the period under review, production saw a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 76% against the previous year. Ball pen refill production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Ball Pen Refill Exports

Exports from Japan

In 2021, overseas shipments of refills for ball-point pens were finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, recorded a abrupt descent. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball pen refill exports surged to $X in 2021. In general, total exports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

France (X units), China (X units) and Taiwan (Chinese) (X units) were the main destinations of ball pen refill exports from Japan, together comprising 54% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of +12.3%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), China ($X) and Taiwan (Chinese) ($X) constituted the largest markets for ball pen refill exported from Japan worldwide, together accounting for 55% of total exports. South Korea, Germany, Italy, the United States, Hong Kong SAR, India, Spain, Mexico, Poland and Indonesia lagged somewhat behind, together accounting for a further 35%.

Among the main countries of destination, India, with a CAGR of +27.8%, 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 5.7% against the previous year. Over the period under review, the export price continues to indicate a resilient expansion. The pace of growth was the most pronounced in 2017 when the average export price increased by 28% against the previous year. The export price peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2021, amid the top suppliers, the countries with the highest prices were India ($X per unit) and Spain ($X per unit), while the average price for exports to South Korea ($X per unit) and Italy ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Mexico (+32.6%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Japan

In 2021, overseas purchases of refills for ball-point pens increased by 42% to X units for the first time since 2018, thus ending a two-year declining trend. In general, imports recorded a perceptible expansion. The pace of growth was the most pronounced in 2017 when imports increased by 115%. Over the period under review, imports hit record highs at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports skyrocketed to $X in 2021. Overall, imports enjoyed temperate growth. The pace of growth was the most pronounced in 2017 when imports increased by 132% against the previous year. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, South Korea (X units) constituted the largest supplier of ball pen refill to Japan, with a 78% share of total imports. Moreover, ball pen refill imports from South Korea exceeded the figures recorded by the second-largest supplier, France (X units), sixfold. China (X units) ranked third in terms of total imports with a 6.3% share.

From 2012 to 2021, the average annual growth rate of volume from South Korea amounted to +29.2%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-12.4% per year) and China (-12.8% per year).

In value terms, South Korea ($X) constituted the largest supplier of refills for ball-point pens to Japan, comprising 74% of total imports. The second position in the ranking was held by France ($X), with a 9.4% share of total imports. It was followed by China, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from South Korea stood at +28.0%. The remaining supplying countries recorded the following average annual rates of imports growth: France (-9.8% per year) and China (-12.8% per year).

Import Prices by Country

The average ball pen refill import price stood at $X per unit in 2021, which is down by -5.1% against the previous year. Over the period under review, import price indicated a mild increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price decreased by -27.6% against 2017 indices. The growth pace was the most rapid in 2014 an increase of 25% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 China ($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 France (+3.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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