Northern America: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Northern America

In 2021, after two years of decline, there was significant growth in the North American porous-tipped pen market, when its value increased by 39% to $X. Overall, consumption, however, showed a abrupt downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Production in Northern America

In value terms, porous-tipped pen production skyrocketed to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a abrupt downturn. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Porous-Tipped Pen Exports

Exports in Northern America

Porous-tipped pen exports skyrocketed to X units in 2021, increasing by 79% compared with the year before. In general, exports showed a resilient expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports amounted to $X in 2021. Total exports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +8.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +15.3% against 2018 indices. The most prominent rate of growth was recorded in 2016 when exports increased by 47%. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in years to come.

Exports by Country

The United States dominates exports structure, recording X units, which was near 98% of total exports in 2021. Canada (X units) held a relatively small share of total exports.

The United States was also the fastest-growing in terms of the porous-tipped pens and markers exports, with a CAGR of +19.0% from 2012 to 2021. Canada experienced a relatively flat trend pattern. The United States (+5.8 p.p.) significantly strengthened its position in terms of the total exports, while Canada saw its share reduced by -5.8% from 2012 to 2021, respectively.

In value terms, the United States ($X) remains the largest porous-tipped pen supplier in Northern America, comprising 94% of total exports. The second position in the ranking was held by Canada ($X), with a 6.5% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in the United States stood at +8.2%.

Export Prices by Country

The export price in Northern America stood at $X per unit in 2021, waning by -37% against the previous year. Overall, the export price showed a abrupt setback. The growth pace was the most rapid in 2015 when the export price increased by 11% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Canada ($X per unit), while the United States amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+6.0%).

Porous-Tipped Pen Imports

Imports in Northern America

In 2021, purchases abroad of porous-tipped pens and markers increased by 56% to X units, rising for the third consecutive year after two years of decline. In general, imports continue to indicate a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen imports expanded significantly to $X in 2021. The total import value increased at an average annual rate of +5.2% over the period 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 2016 with an increase of 21%. Over the period under review, imports reached the maximum in 2021 and are likely to see steady growth in years to come.

Imports by Country

The United States prevails in imports structure, amounting to X units, which was near 93% of total imports in 2021. It was distantly followed by Canada (X units), mixing up a 6.5% share of total imports.

The United States was also the fastest-growing in terms of the porous-tipped pens and markers imports, with a CAGR of +15.0% from 2012 to 2021. At the same time, Canada (+1.2%) displayed positive paces of growth. The United States (+11 p.p.) significantly strengthened its position in terms of the total imports, while Canada saw its share reduced by -11.5% from 2012 to 2021, respectively.

In value terms, the United States ($X) constitutes the largest market for imported porous-tipped pens and markers in Northern America, comprising 83% of total imports. The second position in the ranking was taken by Canada ($X), with a 17% share of total imports.

In the United States, porous-tipped pen imports expanded at an average annual rate of +5.4% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per unit in 2021, with a decrease of -29% against the previous year. Overall, the import price showed a drastic downturn. The growth pace was the most rapid in 2018 when the import price increased by 6.8% against the previous year. Over the period under review, import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Canada ($X per unit), while the United States stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+3.1%).

Source: IndexBox Platform

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