Latin America and the Caribbean: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Latin America and the Caribbean

In 2021, the Latin American porous-tipped pen market decreased by -12.1% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption, however, saw a relatively flat trend pattern. As a result, consumption reached the peak level of $X, and then dropped in the following year.

Porous-Tipped Pen Production in Latin America and the Caribbean

In value terms, porous-tipped pen production fell to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 31% against the previous year. As a result, production reached the peak level of $X, and then contracted in the following year.

Porous-Tipped Pen Exports

Exports in Latin America and the Caribbean

In 2021, approx. X units of porous-tipped pens and markers were exported in Latin America and the Caribbean; growing by 7.9% on the previous year's figure. Overall, exports posted a resilient expansion. The growth pace was the most rapid in 2016 when exports increased by 60%. The volume of export peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, porous-tipped pen exports surged to $X in 2021. Over the period under review, exports showed a resilient expansion. The growth pace was the most rapid in 2016 with an increase of 67% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Mexico dominates exports structure, amounting to X units, which was near 85% of total exports in 2021. It was distantly followed by Peru (X units), comprising an 8.5% share of total exports. Colombia (X units) took a relatively small share of total exports.

Mexico was also the fastest-growing in terms of the porous-tipped pens and markers exports, with a CAGR of +9.6% from 2012 to 2021. Colombia (-1.6%) and Peru (-3.5%) illustrated a downward trend over the same period. Mexico (+25 p.p.) significantly strengthened its position in terms of the total exports, while Colombia and Peru saw its share reduced by -3.1% and -10.2% from 2012 to 2021, respectively.

In value terms, Mexico ($X) remains the largest porous-tipped pen supplier in Latin America and the Caribbean, comprising 93% of total exports. The second position in the ranking was held by Peru ($X), with a 3.6% share of total exports.

In Mexico, porous-tipped pen exports increased at an average annual rate of +16.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Peru (-4.1% per year) and Colombia (-2.9% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2021, picking up by 14% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, porous-tipped pen export price increased by +75.5% against 2013 indices. The pace of growth appeared the most rapid in 2020 an increase of 18% against the previous year. The level of export peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Mexico ($X per unit), while Peru ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Mexico (+5.9%), while the other leaders experienced a decline in the export price figures.

Porous-Tipped Pen Imports

Imports in Latin America and the Caribbean

In 2021, overseas purchases of porous-tipped pens and markers decreased by -3.9% to X units, falling for the third consecutive year after three years of growth. Total imports indicated a modest expansion from 2012 to 2021: its volume increased at an average annual rate of +1.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -23.8% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of 22% against the previous year. The volume of import peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, porous-tipped pen imports rose modestly to $X in 2021. Total imports indicated notable growth from 2012 to 2021: its value increased at an average annual rate of +4.4% 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 decreased by -14.6% against 2019 indices. The most prominent rate of growth was recorded in 2016 when imports increased by 25% against the previous year. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Mexico (X units) represented the key importer of porous-tipped pens and markers, generating 38% of total imports. It was distantly followed by Brazil (X units), Argentina (X units), Colombia (X units) and Chile (X units), together comprising a 36% share of total imports. The following importers - Peru (X units), Ecuador (X units), Guatemala (X units), Nicaragua (X units), Bolivia (X units), Honduras (X units) and Costa Rica (X units) - together made up 18% of total imports.

From 2012 to 2021, average annual rates of growth with regard to porous-tipped pen imports into Mexico stood at +7.7%. At the same time, Honduras (+12.2%), Nicaragua (+8.0%), Colombia (+2.8%), Peru (+2.3%), Guatemala (+1.3%) and Costa Rica (+1.1%) displayed positive paces of growth. Moreover, Honduras emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of +12.2% from 2012-2021. Chile and Argentina experienced a relatively flat trend pattern. By contrast, Ecuador (-1.4%), Brazil (-4.0%) and Bolivia (-7.9%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Mexico increased by +16 percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported porous-tipped pens and markers in Latin America and the Caribbean, comprising 55% of total imports. The second position in the ranking was taken by Chile ($X), with an 8.6% share of total imports. It was followed by Brazil, with an 8.3% share.

From 2012 to 2021, the average annual growth rate of value in Mexico totaled +11.0%. The remaining importing countries recorded the following average annual rates of imports growth: Chile (+4.1% per year) and Brazil (-0.3% per year).

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, surging by 8.1% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 when the import price increased by 10%. The level of import peaked in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Argentina ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bolivia (+10.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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