Thailand: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Thailand

In 2021, after two years of growth, there was significant decline in the Thai porous-tipped pen market, when its value decreased by -16.8% to $X. Over the period under review, consumption showed a slight reduction. Over the period under review, the market reached the peak level at $X in 2020, and then reduced markedly in the following year.

Porous-Tipped Pen Production in Thailand

In value terms, porous-tipped pen production fell to $X in 2021 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the production volume increased by 22% against the previous year. Porous-tipped pen production peaked at $X in 2015; however, from 2016 to 2021, production remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Thailand

In 2021, porous-tipped pen exports from Thailand surged to X units, picking up by 81% compared with 2020. Overall, exports posted a strong expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, porous-tipped pen exports surged to $X in 2021. The total export value increased at an average annual rate of +3.5% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when exports increased by 21%. As a result, the exports reached the peak of $X. From 2019 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

South Korea (X units) was the main destination for porous-tipped pen exports from Thailand, accounting for a 44% share of total exports. Moreover, porous-tipped pen exports to South Korea exceeded the volume sent to the second major destination, China (X units), threefold. The third position in this ranking was taken by Morocco (X units), with a 5.4% share.

From 2012 to 2021, the average annual growth rate of volume to South Korea stood at +15.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+266.5% per year) and Morocco (+11.9% per year).

In value terms, South Korea ($X) remains the key foreign market for porous-tipped pens and markers exports from Thailand, comprising 42% of total exports. The second position in the ranking was held by China ($X), with a 15% share of total exports. It was followed by Morocco, with a 5.4% share.

From 2012 to 2021, the average annual growth rate of value to South Korea amounted to +5.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (+243.9% per year) and Morocco (+3.0% per year).

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2021, declining by -35.8% against the previous year. In general, the export price saw a deep downturn. The pace of growth appeared the most rapid in 2019 an increase of 53% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was the Philippines ($X per unit), while the average price for exports to Sri Lanka ($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 the Philippines (-3.6%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into Thailand

In 2021, the amount of porous-tipped pens and markers imported into Thailand rose significantly to X units, increasing by 15% compared with the previous year's figure. The total import volume increased at an average annual rate of +2.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2016 with an increase of 25%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in the near future.

In value terms, porous-tipped pen imports contracted to $X in 2021. In general, imports, however, showed a noticeable decline. The most prominent rate of growth was recorded in 2016 with an increase of 13%. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Vietnam (X units) were the main suppliers of porous-tipped pen imports to Thailand, together comprising 70% of total imports. These countries were followed by Germany, Malaysia, South Korea and the United States, which together accounted for a further 26%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +15.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X), Japan ($X) and Vietnam ($X) were the largest porous-tipped pen suppliers to Thailand, together comprising 73% of total imports.

China, with a CAGR of +6.9%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, dropping by -14.3% against the previous year. In general, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2015 an increase of 15%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Vietnam ($X per unit), while the price for the United States ($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 (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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