Mexico: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Mexico

In 2021, after two years of growth, there was significant decline in the Mexican porous-tipped pen market, when its value decreased by -17.1% to $X. In general, the total consumption indicated modest growth from 2012 to 2021: its value increased at an average annual rate of +1.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +42.7% against 2018 indices. As a result, consumption reached the peak level of $X, and then dropped dramatically in the following year.

Porous-Tipped Pen Production in Mexico

In value terms, porous-tipped pen production contracted to $X in 2021 estimated in export price. Over the period under review, the total production indicated a modest increase from 2012 to 2021: its value increased at an average annual rate of +1.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +48.8% against 2018 indices. The pace of growth was the most pronounced in 2020 when the production volume increased by 35%. As a result, production reached the peak level of $X, and then dropped in the following year.

Porous-Tipped Pen Exports

Exports from Mexico

In 2021, approx. X units of porous-tipped pens and markers were exported from Mexico; picking up by 9.4% on the year before. Over the period under review, exports showed a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 107% against the previous year. The exports 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. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2016 when exports increased by 104%. The exports peaked in 2021 and are likely to see gradual growth in the near future.

Exports by Country

The United States (X units) was the main destination for porous-tipped pen exports from Mexico, accounting for a approx. 96% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +11.3%.

In value terms, the United States ($X) also remains the key foreign market for porous-tipped pens and markers exports from Mexico.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +18.0%.

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, surging by 14% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +5.9% 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 +68.8% against 2013 indices. The pace of growth appeared the most rapid in 2020 an increase of 17%. Over the period under review, the average export prices attained the peak figure in 2021 and is likely to see gradual growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +6.0% per year.

Porous-Tipped Pen Imports

Imports into Mexico

In 2021, approx. X units of porous-tipped pens and markers were imported into Mexico; shrinking by -6.3% on 2020 figures. Overall, imports, however, showed a strong expansion. The pace of growth appeared the most rapid in 2016 when imports increased by 72% against the previous year. Imports peaked at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, porous-tipped pen imports contracted to $X in 2021. In general, imports, however, saw a prominent expansion. The growth pace was the most rapid in 2016 when imports increased by 77%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, the United States (X units) constituted the largest porous-tipped pen supplier to Mexico, accounting for a 61% share of total imports. Moreover, porous-tipped pen imports from the United States exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. Japan (X units) ranked third in terms of total imports with a 6.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the United States amounted to +12.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.2% per year) and Japan (+3.1% per year).

In value terms, the United States ($X) constituted the largest supplier of porous-tipped pens and markers to Mexico, comprising 61% of total imports. The second position in the ranking was taken by China ($X), with a 17% share of total imports. It was followed by Japan, with a 6.7% share.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +15.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+7.4% per year) and Japan (+6.3% per year).

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, surging by 6.7% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Vietnam ($X per unit) and Japan ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :