Singapore: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Singapore

The Singaporean porous-tipped pen market dropped significantly to $X in 2021, declining by -16.2% against the previous year. Over the period under review, consumption saw a mild shrinkage. Over the period under review, the market attained the maximum level at $X in 2016; however, from 2017 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Production in Singapore

In value terms, porous-tipped pen production contracted significantly to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 841% against the previous year. As a result, production reached the peak level of $X, and then declined remarkably in the following year.

Porous-Tipped Pen Exports

Exports from Singapore

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, recorded a perceptible slump. The pace of growth appeared the most rapid in 2013 with an increase of 21%. As a result, the exports attained the peak of X units. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, porous-tipped pen exports declined to $X in 2021. Overall, exports, however, saw a slight descent. The growth pace was the most rapid in 2013 with an increase of 26%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Malaysia (X units), Israel (X units) and Hong Kong SAR (X units) were the main destinations of porous-tipped pen exports from Singapore, with a combined 36% share of total exports. These countries were followed by the United States, Indonesia, the UK, Thailand, Bangladesh, Canada, Vietnam, Chile, Australia and Turkey, which together accounted for a further 44%.

From 2012 to 2021, the biggest increases were recorded for the United States (with a CAGR of +83.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porous-tipped pen exported from Singapore were Malaysia ($X), Israel ($X) and Hong Kong SAR ($X), with a combined 36% share of total exports. These countries were followed by the United States, Indonesia, the UK, Thailand, Bangladesh, Canada, Vietnam, Chile, Australia and Turkey, which together accounted for a further 44%.

The United States, with a CAGR of +85.4%, saw the highest rates of growth with regard to 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 2021, the average porous-tipped pen export price amounted to $X per unit, which is down by -9.6% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average export price increased by 9.4%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2021, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Australia ($X per unit), while the average price for exports to Israel ($X per unit) and Canada ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Singapore

In 2021, purchases abroad of porous-tipped pens and markers was finally on the rise to reach X units for the first time since 2016, thus ending a four-year declining trend. In general, imports, however, saw a abrupt decrease. Over the period under review, imports reached the peak figure at X units in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, porous-tipped pen imports expanded sharply to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible setback. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports failed to regain momentum.

Imports by Country

Malaysia (X units), Japan (X units) and Germany (X units) were the main suppliers of porous-tipped pen imports to Singapore, together comprising 74% of total imports. China, Indonesia, Vietnam, the United States and South Korea lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of +4.9%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the largest porous-tipped pen suppliers to Singapore were Malaysia ($X), Japan ($X) and Germany ($X), with a combined 74% share of total imports. These countries were followed by China, Indonesia, Vietnam, the United States and South Korea, which together accounted for a further 21%.

Among the main suppliers, Vietnam, with a CAGR of +6.8%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

The average porous-tipped pen import price stood at $X per unit in 2021, reducing by -2% against the previous year. Over the last nine years, it increased at an average annual rate of +1.8%. The most prominent rate of growth was recorded in 2020 when the average import price increased by 8% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped slightly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the countries with the highest prices were Vietnam ($X per unit) and Indonesia ($X per unit), while the price for China ($X per unit) and South Korea ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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