Singapore: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Singapore

The Singaporean drawing ink pen market skyrocketed to $X in 2022, growing by X% against the previous year. Overall, consumption saw a buoyant increase. As a result, consumption reached the peak level of $X. From 2021 to 2022, the growth of the market remained at a lower figure.

Drawing Ink Pen Production in Singapore

In value terms, drawing ink pen production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production recorded a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Drawing Ink Pen Exports

Exports from Singapore

In 2022, drawing ink pen exports from Singapore dropped dramatically to X units, with a decrease of X% on 2021 figures. Overall, exports showed a deep reduction. The pace of growth was the most pronounced in 2017 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, drawing ink pen exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units) was the main destination for drawing ink pen exports from Singapore, accounting for a X% share of total exports. Moreover, drawing ink pen exports to Hong Kong SAR exceeded the volume sent to the second major destination, Malaysia (X units), twofold. Indonesia (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Hong Kong SAR stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malaysia (X% per year) and Indonesia (X% per year).

In value terms, the largest markets for drawing ink pen exported from Singapore were Hong Kong SAR ($X), Australia ($X) and Malaysia ($X), with a combined X% share of total exports.

In terms of the main countries of destination, Australia, with a CAGR of X%, 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 2022, the average drawing ink pen export price amounted to $X per unit, with an increase of X% against the previous year. Over the period under review, the export price saw significant growth. The pace of growth was the most pronounced in 2020 when the average export price increased by X% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($X per unit), while the average price for exports to Bangladesh ($X per unit) was amongst the lowest.

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

Drawing Ink Pen Imports

Imports into Singapore

In 2022, purchases abroad of indian ink drawing pens, fountain pens and stylograph pens was finally on the rise to reach X units after two years of decline. Overall, imports, however, showed a abrupt decline. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing ink pen imports surged to $X in 2022. In general, imports showed tangible growth. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Germany (X units) and Japan (X units) were the main suppliers of drawing ink pen imports to Singapore, together comprising X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of indian ink drawing pens, fountain pens and stylograph pens to Singapore, comprising X% of total imports. The second position in the ranking was taken by Japan ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

In 2022, the average drawing ink pen import price amounted to $X per unit, dropping by X% against the previous year. In general, the import price, however, recorded significant growth. The growth pace was the most rapid in 2017 an increase of X% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then reduced dramatically in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was 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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