Sri Lanka: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Sri Lanka

For the third year in a row, the Sri Lankan porous-tipped pen market recorded decline in sales value, which decreased by -42.4% to $X in 2021. Overall, consumption continues to indicate a deep contraction. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Sri Lanka

In 2021, shipments abroad of porous-tipped pens and markers was finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 with an increase of 302% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, porous-tipped pen exports skyrocketed to $X in 2021. Overall, exports recorded buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of 148%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Oman (X units), the Philippines (X units) and Australia (X units) were the main destinations of porous-tipped pen exports from Sri Lanka, together accounting for 53% of total exports. Pakistan, South Africa, Slovenia, the United Arab Emirates, Italy, Papua New Guinea, Costa Rica, Samoa, India and Jordan lagged somewhat behind, together comprising a further 39%.

From 2012 to 2021, the biggest increases were recorded for the United Arab Emirates (with a CAGR of +168.4%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), Italy ($X) and Australia ($X) appeared to be the largest markets for porous-tipped pen exported from Sri Lanka worldwide, together comprising 49% of total exports. Pakistan, South Africa, Slovenia, the United Arab Emirates, Papua New Guinea, India, Oman, Jordan, Samoa and Costa Rica lagged somewhat behind, together accounting for a further 41%.

South Africa, with a CAGR of +160.3%, recorded the highest rates of growth with regard to 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 2021, the average porous-tipped pen export price amounted to $X per unit, with a decrease of -43.7% against the previous year. Overall, the export price faced a abrupt setback. The most prominent rate of growth was recorded in 2020 when the average export price increased by 78% against the previous year. The export price peaked at $X per unit in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Italy ($X per unit), while the average price for exports to Costa Rica (less than $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 Italy (+5.0%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Sri Lanka

For the third consecutive year, Sri Lanka recorded decline in purchases abroad of porous-tipped pens and markers, which decreased by -18.7% to X units in 2021. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2018 with an increase of 103%. As a result, imports attained the peak of X units. From 2019 to 2021, the growth of imports remained at a lower figure.

In value terms, porous-tipped pen imports contracted to $X in 2021. In general, imports recorded a abrupt curtailment. The pace of growth appeared the most rapid in 2018 when imports increased by 106% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Thailand (X units) were the main suppliers of porous-tipped pen imports to Sri Lanka, together accounting for 65% of total imports. These countries were followed by the United States, India, Germany, South Korea, Hong Kong SAR, Sweden, France and Vietnam, which together accounted for a further 32%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sweden (with a CAGR of +28.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Thailand ($X) constituted the largest porous-tipped pen suppliers to Sri Lanka, together comprising 65% of total imports. These countries were followed by the United States, India, Germany, South Korea, Hong Kong SAR, Sweden, France and Vietnam, which together accounted for a further 32%.

Sweden, with a CAGR of +31.0%, saw the highest rates of growth with regard to 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

The average porous-tipped pen import price stood at $X per unit in 2021, surging by 5.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2019 an increase of 26% against the previous year. The import price peaked in 2021 and is likely to see gradual growth in years to come.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+3.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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