Republic of Korea: Market for Pens, Stylos And Similar Stationery 2024

Market Size for Pens, Stylos And Similar Stationery in Republic of Korea

The South Korean market for pens, stylos and similar stationery rose slightly to $X in 2022, surging by X% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Pens, Stylos And Similar Stationery in Republic of Korea

In value terms, pens, stylos and similar stationery production rose modestly to $X in 2022 estimated in export price. Over the period under review, production, however, showed a precipitous decline. The pace of growth appeared the most rapid in 2018 when the production volume increased by X%. Over the period under review, production hit record highs at $X in 2016; however, from 2017 to 2022, production failed to regain momentum.

Exports of Pens, Stylos And Similar Stationery

Exports from Republic of Korea

After five years of decline, shipments abroad of pens, stylos and similar stationery increased by X% to X units in 2022. Overall, exports, however, saw a noticeable downturn. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, pens, stylos and similar stationery exports expanded markedly to $X in 2022. Over the period under review, exports, however, showed a pronounced setback. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

Exports by Country

The United States (X units), the Philippines (X units) and Russia (X units) were the main destinations of pens, stylos and similar stationery exports from South Korea, together comprising X% of total exports. Vietnam, Japan, Mexico, Germany, China and Australia lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), the United States ($X) and Russia ($X) constituted the largest markets for pens, stylos and similar stationery exported from South Korea worldwide, with a combined X% share of total exports. The Philippines, Mexico, China, Vietnam, Germany and Australia lagged somewhat behind, together comprising a further X%.

Mexico, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average export price for pens, stylos and similar stationery amounted to $X per thousand units, dropping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per thousand units in 2021, and then dropped in the following year.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per thousand units), while the average price for exports to the Philippines ($X per thousand units) was amongst the lowest.

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

Imports of Pens, Stylos And Similar Stationery

Imports into Republic of Korea

In 2022, the amount of pens, stylos and similar stationery imported into South Korea skyrocketed to X units, increasing by X% on the year before. Over the period under review, total imports indicated a strong increase 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 most prominent rate of growth was recorded in 2016 when imports increased by X%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, pens, stylos and similar stationery imports reached $X in 2022. In general, total imports indicated a noticeable expansion from 2012 to 2022: its value 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 growth pace was the most rapid in 2016 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of pens, stylos and similar stationery imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and Germany ($X) appeared to be the largest pens, stylos and similar stationery suppliers to South Korea, with a combined X% share of total imports. Thailand, Taiwan (Chinese) and India lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for pens, stylos and similar stationery stood at $X per unit in 2022, waning by X% against the previous year. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 an increase of X%. The import price peaked at $X per unit in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for India (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :