Singapore: Market for Pens, Stylos And Similar Stationery 2024

Market Size for Pens, Stylos And Similar Stationery in Singapore

The Singaporean market for pens, stylos and similar stationery dropped to $X in 2022, declining by X% against the previous year. Over the period under review, consumption, however, continues to indicate modest growth. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market remained at a lower figure.

Production of Pens, Stylos And Similar Stationery in Singapore

In value terms, pens, stylos and similar stationery production shrank to $X in 2022 estimated in export price. In general, production, however, recorded a significant increase. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Exports of Pens, Stylos And Similar Stationery

Exports from Singapore

In 2022, shipments abroad of pens, stylos and similar stationery decreased by X% to X units, falling for the third year in a row after two years of growth. In general, exports, however, enjoyed a noticeable expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, pens, stylos and similar stationery exports totaled $X in 2022. Over the period under review, total exports indicated notable growth 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. The pace of growth appeared the most rapid in 2013 with an increase of X%. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for pens, stylos and similar stationery exports from Singapore, with a X% share of total exports. Moreover, pens, stylos and similar stationery exports to Malaysia exceeded the volume sent to the second major destination, the United States (X units), twofold. The third position in this ranking was held by Canada (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Malaysia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Canada (X% per year).

In value terms, the largest markets for pens, stylos and similar stationery exported from Singapore were Malaysia ($X), Hong Kong SAR ($X) and Vietnam ($X), with a combined X% share of total exports. Indonesia, Israel, Bangladesh, the United States, Japan, Myanmar, Canada, Turkey and Belgium lagged somewhat behind, together comprising a further X%.

Canada, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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 unit, surging by X% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by X%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Israel ($X per unit), while the average price for exports to Turkey (less than $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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pens, Stylos And Similar Stationery

Imports into Singapore

In 2022, supplies from abroad of pens, stylos and similar stationery decreased by X% to X units, falling for the fourth consecutive year after two years of growth. Overall, imports recorded a perceptible decrease. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X units in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, pens, stylos and similar stationery imports rose significantly to $X in 2022. Over the period under review, imports recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

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

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

In value terms, the largest pens, stylos and similar stationery suppliers to Singapore were Japan ($X), Germany ($X) and Malaysia ($X), with a combined X% share of total imports.

Among the main suppliers, Germany, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for pens, stylos and similar stationery stood at $X per unit in 2022, rising by X% against the previous year. Overall, import price indicated a notable expansion from 2012 to 2022: its price 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, pens, stylos and similar stationery import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2015 an increase of X% against the previous year. The import price peaked in 2022 and is likely to see steady growth in years to come.

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 ($X per unit), while the price for Thailand ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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