Luxembourg: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Luxembourg

The Luxembourg porous-tipped pen market amounted to $X in 2021, growing by 7.6% 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 +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in years to come.

Porous-Tipped Pen Exports

Exports from Luxembourg

In 2021, approx. X units of porous-tipped pens and markers were exported from Luxembourg; with an increase of 16% compared with the previous year. Over the period under review, total exports indicated a resilient expansion from 2012 to 2021: its volume increased at an average annual rate of +7.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +58.4% against 2014 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. Over the period under review, the exports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, porous-tipped pen exports soared to $X in 2021. Overall, total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +100.8% against 2015 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 22% against the previous year. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

France (X units), Belgium (X units) and Germany (X units) were the main destinations of porous-tipped pen exports from Luxembourg, with a combined 96% share 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 Germany (with a CAGR of +9.5%), while the other leaders experienced more modest paces of growth.

In value terms, France ($X), Belgium ($X) and Germany ($X) constituted the largest markets for porous-tipped pen exported from Luxembourg worldwide, together comprising 97% of total exports.

In terms of the main countries of destination, Germany, with a CAGR of +7.2%, 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 1.7% against the previous year. In general, the export price, however, recorded a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of 4.8% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Germany ($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 France (-1.1%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into Luxembourg

For the sixth year in a row, Luxembourg recorded growth in supplies from abroad of porous-tipped pens and markers, which increased by 5.2% to X units in 2021. The total import volume increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2019 when imports increased by 17%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, porous-tipped pen imports expanded markedly to $X in 2021. The total import value increased at an average annual rate of +2.7% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 when imports increased by 11% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

In 2021, Belgium (X units) constituted the largest supplier of porous-tipped pen to Luxembourg, accounting for a 50% share of total imports. Moreover, porous-tipped pen imports from Belgium exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by France (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Belgium stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+3.5% per year) and France (+8.8% per year).

In value terms, Belgium ($X) constituted the largest supplier of porous-tipped pens and markers to Luxembourg, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with an 18% share of total imports. It was followed by France, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Belgium was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+2.5% per year) and France (+7.7% per year).

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, picking up by 3.9% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 4.7%. Over the period under review, average import prices attained the maximum at $X per unit in 2013; however, from 2014 to 2021, import prices failed to regain momentum.

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 ($X per unit), while the price for France ($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 (+9.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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