Republic of Korea: Ball Pen Market 2024

Ball Pen Market Size in Republic of Korea

The South Korean ball pen market shrank to $X in 2022, waning by X% against the previous year. In general, consumption, however, enjoyed a mild expansion. Ball pen consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Ball Pen Production in Republic of Korea

In value terms, ball pen production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a pronounced decline. The most prominent rate of growth was recorded in 2016 with an increase of X%. Ball pen production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Ball Pen Exports

Exports from Republic of Korea

In 2022, overseas shipments of ball-point pens were finally on the rise to reach X units for the first time since 2016, thus ending a five-year declining trend. In general, exports, however, continue to indicate a drastic downturn. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, ball pen exports skyrocketed to $X in 2022. Over the period under review, exports, however, recorded a perceptible curtailment. The pace of growth was the most pronounced in 2016 with an increase of X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for ball pen exports from South Korea, with a X% share of total exports. Moreover, ball pen exports to the United States exceeded the volume sent to the second major destination, the Philippines (X units), threefold. Russia (X units) ranked third in terms of total exports with an X% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Russia (X% per year).

In value terms, the United States ($X) remains the key foreign market for ball-point pens exports from South Korea, comprising X% of total exports. The second position in the ranking was held by the Philippines ($X), with a X% share of total exports. It was followed by Russia, with an X% share.

From 2012 to 2022, the average annual growth rate of value to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (X% per year) and Russia (X% per year).

Export Prices by Country

In 2022, the average ball pen export price amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price, however, recorded a strong expansion. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were the Philippines ($X per unit) and Vietnam ($X per unit), while the average price for exports to China ($X per unit) and Germany ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Imports

Imports into Republic of Korea

In 2022, approx. X units of ball-point pens were imported into South Korea; picking up by X% against the previous year's figure. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 when imports increased by X%. Imports peaked at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, ball pen imports rose remarkably to $X in 2022. The total import value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Japan (X units) constituted the largest ball pen supplier to South Korea, with a X% share of total imports. Moreover, ball pen imports from Japan exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Germany (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Japan amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

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

From 2012 to 2022, the average annual growth rate of value from Japan stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average ball pen import price amounted to $X per unit, rising by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices attained the peak figure in 2022 and is likely to continue growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and Thailand ($X per unit), while the price for China ($X per unit) and France ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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