Mexico: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Mexico

After nine years of growth, the Mexican ball pen refill market decreased by -4.3% to $X in 2021. In general, consumption, however, showed a significant increase. Ball pen refill consumption peaked at $X in 2020, and then shrank slightly in the following year.

Ball Pen Refill Production in Mexico

In value terms, ball pen refill production fell modestly to $X in 2021 estimated in export price. In general, production, however, showed significant growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by 79%. Ball pen refill production peaked at $X in 2020, and then contracted modestly in the following year.

Ball Pen Refill Exports

Exports from Mexico

In 2021, approx. X units of refills for ball-point pens were exported from Mexico; falling by -3.5% against 2020. In general, exports recorded a abrupt slump. The pace of growth was the most pronounced in 2019 with an increase of 22%. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, ball pen refill exports rose to $X in 2021. Over the period under review, exports saw a drastic downturn. The pace of growth was the most pronounced in 2014 when exports increased by 6.6%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), South Africa (X units) and Tunisia (X units) were the main destinations of ball pen refill exports from Mexico, together accounting for 84% of total exports.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +100.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for refills for ball-point pens exports from Mexico, comprising 95% of total exports. The second position in the ranking was taken by Tunisia ($X), with a 1.5% share of total exports. It was followed by Australia, with a 0.5% share.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to -9.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Tunisia (+71.3% per year) and Australia (+6.0% per year).

Export Prices by Country

The average ball pen refill export price stood at $X per unit in 2021, picking up by 7.3% against the previous year. Overall, export price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +5.5% 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 export price increased by +30.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 34%. Over the period under review, the average export prices hit record highs in 2021 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to South Africa (less than $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 the United States (+18.1%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into Mexico

In 2021, imports of refills for ball-point pens into Mexico totaled X units, standing approx. at the previous year's figure. Overall, imports enjoyed a prominent increase. The growth pace was the most rapid in 2014 when imports increased by 100%. Over the period under review, imports attained the peak figure at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports shrank notably to $X in 2021. In general, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2014 with an increase of 34% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen refill to Mexico, accounting for a 62% share of total imports. Moreover, ball pen refill imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. Germany (X units) ranked third in terms of total imports with a 2.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +24.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+1.5% per year) and Germany (-1.4% per year).

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to Mexico, comprising 42% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by China, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Japan totaled +4.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+1.6% per year) and China (-1.4% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, falling by -22.4% against the previous year. In general, the import price continues to indicate a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 34%. As a result, import price reached the peak level of $X per unit. From 2019 to 2021, the average 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 Germany ($X per unit), while the price for China (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 (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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