Philippines: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in the Philippines

In 2021, the Philippine porous-tipped pen market decreased by -6.4% to $X, falling for the fourth consecutive year after two years of growth. Overall, consumption saw a deep downturn. Porous-tipped pen consumption peaked at $X in 2017; however, from 2018 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Exports

Exports from the Philippines

In 2021, shipments abroad of porous-tipped pens and markers was finally on the rise to reach X units for the first time since 2018, thus ending a two-year declining trend. Overall, exports, however, recorded a mild setback. The pace of growth appeared the most rapid in 2018 with an increase of 2,103%. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports surged to $X in 2021. Over the period under review, exports recorded a strong increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Australia (X units) was the main destination for porous-tipped pen exports from the Philippines, accounting for a 63% share of total exports. Moreover, porous-tipped pen exports to Australia exceeded the volume sent to the second major destination, Qatar (X units), sixfold. Hong Kong SAR (X units) ranked third in terms of total exports with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Qatar (+57.3% per year) and Hong Kong SAR (-4.4% per year).

In value terms, Australia ($X) emerged as the key foreign market for porous-tipped pens and markers exports from the Philippines, comprising 68% of total exports. The second position in the ranking was held by France ($X), with a 13% share of total exports. It was followed by Hong Kong SAR, with a 7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Australia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+35.5% per year) and Hong Kong SAR (-4.2% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, surging by 24% against the previous year. Overall, export price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +10.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, porous-tipped pen export price increased by +81.5% against 2018 indices. The growth pace was the most rapid in 2013 when the average export price increased by 94% against the previous year. The export price peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Qatar ($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 (+15.8%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into the Philippines

In 2021, supplies from abroad of porous-tipped pens and markers decreased by -11.2% to X units, falling for the fourth year in a row after two years of growth. In general, imports continue to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2014 when imports increased by 55%. Over the period under review, imports attained the maximum at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, porous-tipped pen imports reduced modestly to $X in 2021. Overall, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2016 with an increase of 81% against the previous year. Over the period under review, imports reached the maximum at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of porous-tipped pen to the Philippines, accounting for a 55% share of total imports. Moreover, porous-tipped pen imports from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X units), sixfold. The third position in this ranking was held by China (X units), with an 8.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to -4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-8.1% per year) and China (-17.5% per year).

In value terms, Japan ($X) constituted the largest supplier of porous-tipped pens and markers to the Philippines, comprising 55% of total imports. The second position in the ranking was held by Malaysia ($X), with an 8.6% share of total imports. It was followed by China, with an 8.4% share.

From 2012 to 2021, the average annual growth rate of value from Japan amounted to -9.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (-5.8% per year) and China (+7.5% per year).

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, with an increase of 8.4% against the previous year. In general, import price indicated a slight increase from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, porous-tipped pen import price increased by +99.9% against 2014 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 31% against the previous year. The import price peaked in 2021 and is likely to see steady 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 Taiwan (Chinese) ($X per unit) and Thailand ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+30.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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