Philippines: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in the Philippines

For the third year in a row, the Philippine ball pen refill market recorded decline in sales value, which decreased by -9.5% to $X in 2021. Overall, consumption recorded a deep slump. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Ball Pen Refill Exports

Exports from the Philippines

In 2021, ball pen refill exports from the Philippines reduced markedly to X units, falling by -68.2% on 2020 figures. In general, exports faced a abrupt descent. The most prominent rate of growth was recorded in 2019 when exports increased by 1,156%. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, ball pen refill exports shrank markedly to $X in 2021. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2019 with an increase of 2,065% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Papua New Guinea (X units) was the main destination for ball pen refill exports from the Philippines, accounting for a 82% share of total exports. Moreover, ball pen refill exports to Papua New Guinea exceeded the volume sent to the second major destination, South Africa (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to Papua New Guinea stood at -10.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (0.0% per year) and Singapore (-36.2% per year).

In value terms, Papua New Guinea ($X), South Africa ($X) and Singapore ($X) were the largest markets for ball pen refill exported from the Philippines worldwide, with a combined 40% share of total exports.

In terms of the main countries of destination, South Africa, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, which is down by -11.8% against the previous year. Overall, the export price saw a dramatic shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 166% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat 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 Singapore ($X per unit), while the average price for exports to Papua New Guinea ($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 Singapore (+10.4%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into the Philippines

For the third consecutive year, the Philippines recorded decline in supplies from abroad of refills for ball-point pens, which decreased by -17.7% to X units in 2021. Over the period under review, imports faced a abrupt descent. The pace of growth was the most pronounced in 2014 when imports increased by 141% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, ball pen refill imports fell to $X in 2021. In general, imports showed a perceptible downturn. The growth pace was the most rapid in 2016 when imports increased by 82%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest supplier of ball pen refill to the Philippines, with a 51% share of total imports. Moreover, ball pen refill imports from Japan exceeded the figures recorded by the second-largest supplier, Malaysia (X units), twofold. China (X units) ranked third in terms of total imports with a 6.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan totaled -18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+7.9% per year) and China (-6.4% per year).

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to the Philippines, comprising 53% of total imports. The second position in the ranking was held by Malaysia ($X), with a 4.8% share of total imports. It was followed by China, with a 1.7% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Malaysia (+19.1% per year) and China (+15.3% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, growing by 14% against the previous year. In general, the import price recorded prominent growth. The pace of growth was the most pronounced in 2015 when the average import price increased by 70% against the previous year. The import price peaked in 2021 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($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 (+23.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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