South-Eastern Asia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in South-Eastern Asia

In 2021, after nine years of growth, there was decline in the Southeast Asian ball pen refill market, when its value decreased by -4.8% to $X. In general, consumption, however, enjoyed a significant increase. Over the period under review, the market reached the peak level at $X in 2020, and then fell modestly in the following year.

Ball Pen Refill Production in South-Eastern Asia

In value terms, ball pen refill production fell to $X in 2021 estimated in export price. Overall, production, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 82% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then dropped in the following year.

Ball Pen Refill Exports

Exports in South-Eastern Asia

In 2021, ball pen refill exports in South-Eastern Asia amounted to X units, increasing by 9.2% compared with the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 58% against the previous year. As a result, the exports reached the peak of X units. From 2015 to 2021, the growth of the exports remained at a lower figure.

In value terms, ball pen refill exports shrank to $X in 2021. Over the period under review, exports, however, saw a pronounced reduction. The pace of growth was the most pronounced in 2015 with an increase of 32%. The level of export peaked at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia was the main exporting country with an export of around X units, which reached 78% of total exports. It was distantly followed by Singapore (X units), achieving a 16% share of total exports. The following exporters - Vietnam (X units) and Indonesia (X units) - together made up 6.1% of total exports.

Exports from Malaysia increased at an average annual rate of +7.3% from 2012 to 2021. At the same time, Vietnam (+19.0%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in South-Eastern Asia, with a CAGR of +19.0% from 2012-2021. By contrast, Indonesia (-2.1%) and Singapore (-10.7%) illustrated a downward trend over the same period. Malaysia (+37 p.p.) and Vietnam (+3 p.p.) significantly strengthened its position in terms of the total exports, while Singapore saw its share reduced by -27.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Singapore ($X), Malaysia ($X) and Indonesia ($X) constituted the countries with the highest levels of exports in 2021, with a combined 97% share of total exports. These countries were followed by Vietnam, which accounted for a further 1.3%.

Vietnam, with a CAGR of +29.2%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in South-Eastern Asia amounted to $X per unit, shrinking by -13.5% against the previous year. Overall, the export price showed a perceptible slump. The growth pace was the most rapid in 2015 an increase of 69% against the previous year. The level of export peaked at $X per unit in 2018; however, from 2019 to 2021, the export prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+8.9%), while the other leaders experienced more modest paces of growth.

Ball Pen Refill Imports

Imports in South-Eastern Asia

In 2021, overseas purchases of refills for ball-point pens decreased by -2.4% to X units, falling for the second consecutive year after three years of growth. Over the period under review, imports saw a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by 28% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports expanded modestly to $X in 2021. In general, imports showed a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 33%. As a result, imports reached the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Vietnam (X units) and Thailand (X units) were the key importers of refills for ball-point pens in South-Eastern Asia, together achieving 68% of total imports. It was distantly followed by Indonesia (X units), Singapore (X units) and Malaysia (X units), together creating a 29% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Indonesia (with a CAGR of +12.0%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Indonesia ($X), Singapore ($X) and Vietnam ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 67% share of total imports.

Indonesia, with a CAGR of +5.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in South-Eastern Asia amounted to $X per unit, picking up by 4.5% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The growth pace was the most rapid in 2015 when the import price increased by 17%. The level of import peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while Thailand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+2.4%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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