Republic of Korea: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Republic of Korea

The South Korean porous-tipped pen market skyrocketed to $X in 2021, growing by 18% against the previous year. Over the period under review, consumption, however, recorded a mild shrinkage. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Porous-Tipped Pen Production in Republic of Korea

In value terms, porous-tipped pen production soared to $X in 2021 estimated in export price. In general, production, however, showed a perceptible setback. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Republic of Korea

In 2021, overseas shipments of porous-tipped pens and markers were finally on the rise to reach X units after three years of decline. In general, exports, however, continue to indicate a noticeable decline. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, porous-tipped pen exports expanded sharply to $X in 2021. Overall, exports, however, showed a noticeable reduction. The pace of growth appeared the most rapid in 2014 when exports increased by 8.4%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X units), Russia (X units) and the United States (X units) were the main destinations of porous-tipped pen exports from South Korea, with a combined 56% share of total exports. These countries were followed by Egypt, the UK, Mexico, Turkey, Thailand, Poland, Malaysia, China, Germany and Chile, which together accounted for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Poland (with a CAGR of +9.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porous-tipped pen exported from South Korea were Japan ($X), Russia ($X) and Mexico ($X), with a combined 56% share of total exports.

Among the main countries of destination, Mexico, with a CAGR of +15.5%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average porous-tipped pen export price amounted to $X per unit, waning by -3.7% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when the average export price increased by 9.4% against the previous year. Over the period under review, the average export prices attained the maximum at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

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 Mexico ($X per unit), while the average price for exports to Poland ($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 Mexico (+8.0%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Republic of Korea

In 2021, the amount of porous-tipped pens and markers imported into South Korea soared to X units, growing by 25% against the previous year's figure. Over the period under review, imports posted a buoyant expansion. The most prominent rate of growth was recorded in 2016 when imports increased by 30% against the previous year. Over the period under review, imports reached the maximum in 2021 and are expected to retain growth in years to come.

In value terms, porous-tipped pen imports skyrocketed to $X in 2021. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2016 with an increase of 34%. Over the period under review, imports attained the peak figure in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X units), Thailand (X units) and Japan (X units) were the main suppliers of porous-tipped pen imports to South Korea, together accounting for 81% of total imports. These countries were followed by the Czech Republic, Germany, Malaysia and the United States, which together accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +49.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest porous-tipped pen suppliers to South Korea were China ($X), Japan ($X) and Thailand ($X), with a combined 76% share of total imports. These countries were followed by Germany, the Czech Republic, the United States and Malaysia, which together accounted for a further 21%.

Malaysia, with a CAGR of +31.4%, recorded 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

In 2021, the average porous-tipped pen import price amounted to $X per unit, remaining constant against the previous year. Overall, the import price recorded a mild decline. The pace of growth was the most pronounced in 2015 an increase of 6.1% against the previous year. Over the period under review, average import prices attained the peak figure at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for the Czech Republic ($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 (+1.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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