Malaysia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Malaysia

In 2021, after six years of growth, there was significant decline in the Malaysian ball pen refill market, when its value decreased by -7.8% to $X. Overall, consumption, however, saw a significant increase. Ball pen refill consumption peaked at $X in 2020, and then fell in the following year.

Ball Pen Refill Production in Malaysia

In value terms, ball pen refill production reduced to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2017 with an increase of 82%. Over the period under review, production reached the maximum level at $X in 2020, and then fell in the following year.

Ball Pen Refill Exports

Exports from Malaysia

In 2021, exports of refills for ball-point pens from Malaysia soared to X units, increasing by 16% on 2020. In general, exports posted buoyant growth. The pace of growth was the most pronounced in 2019 when exports increased by 123% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, ball pen refill exports soared to $X in 2021. Overall, total exports indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +2.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports decreased by -6.9% against 2019 indices. The most prominent rate of growth was recorded in 2019 when exports increased by 87%. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Germany (X units) was the main destination for ball pen refill exports from Malaysia, accounting for a 57% share of total exports. Moreover, ball pen refill exports to Germany exceeded the volume sent to the second major destination, China (X units), threefold. Singapore (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany stood at +16.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+14.0% per year) and Singapore (+34.0% per year).

In value terms, Germany ($X) remains the key foreign market for refills for ball-point pens exports from Malaysia, comprising 60% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 9.6% share of total exports. It was followed by Singapore, with a 7.1% share.

From 2012 to 2021, the average annual growth rate of value to Germany stood at +5.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+35.0% per year) and Singapore (+4.2% per year).

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per thousand units, surging by 16% against the previous year. Overall, the export price, however, saw a pronounced setback. The most prominent rate of growth was recorded in 2017 when the average export price increased by 42% against the previous year. The export price peaked at $X per thousand units in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per thousand units), while the average price for exports to China ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+2.1%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into Malaysia

In 2021, overseas purchases of refills for ball-point pens decreased by -15% to X units, falling for the third consecutive year after three years of growth. Over the period under review, imports saw a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 28%. Over the period under review, imports reached the maximum at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports rose significantly to $X in 2021. Overall, imports showed a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 23%. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Japan (X units), China (X units) and India (X units) were the main suppliers of ball pen refill imports to Malaysia, together comprising 94% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by India (with a CAGR of +13.5%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to Malaysia, comprising 60% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Switzerland, with a 5.8% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -11.5%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-6.2% per year) and Switzerland (-11.1% per year).

Import Prices by Country

The average ball pen refill import price stood at $X per unit in 2021, rising by 32% against the previous year. In general, the import price, however, recorded a noticeable reduction. Over the period under review, average import prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($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 China (+5.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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