Turkey: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Turkey

In 2021, the Turkish ball pen refill market decreased by -3% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption recorded a deep slump. Ball pen refill consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Ball Pen Refill Exports

Exports from Turkey

In 2021, the amount of refills for ball-point pens exported from Turkey expanded sharply to X units, with an increase of 13% against the previous year's figure. Over the period under review, exports enjoyed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of 293% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a lower figure.

In value terms, ball pen refill exports skyrocketed to $X in 2021. Overall, exports saw resilient growth. The most prominent rate of growth was recorded in 2014 when exports increased by 140% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

Exports by Country

Russia (X units) was the main destination for ball pen refill exports from Turkey, accounting for a 60% share of total exports. Moreover, ball pen refill exports to Russia exceeded the volume sent to the second major destination, Bulgaria (X units), eightfold. Greece (X units) ranked third in terms of total exports with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +101.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-0.6% per year) and Greece (+31.6% per year).

In value terms, the United States ($X), Greece ($X) and Russia ($X) were the largest markets for ball pen refill exported from Turkey worldwide, together comprising 61% of total exports.

Russia, with a CAGR of +59.4%, saw 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 ball pen refill export price amounted to $X per unit, jumping by 15% against the previous year. In general, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 when the average export price increased by 143%. The export price peaked at $X per unit in 2014; however, from 2015 to 2021, 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 the United States ($X per unit), while the average price for exports to North Macedonia (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 Iran (+12.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Turkey

In 2021, supplies from abroad of refills for ball-point pens decreased by -18.9% to X units, falling for the third year in a row after two years of growth. Overall, imports continue to indicate a abrupt decline. The most prominent rate of growth was recorded in 2017 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure at X units in 2018; however, from 2019 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports surged to $X in 2021. In general, imports recorded a perceptible setback. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of ball pen refill to Turkey, accounting for a 52% share of total imports. Moreover, ball pen refill imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -5.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+7.1% per year) and Germany (-1.1% per year).

In value terms, China ($X) constituted the largest supplier of refills for ball-point pens to Turkey, comprising 64% of total imports. The second position in the ranking was held by Japan ($X), with a 15% share of total imports. It was followed by Germany, with a 14% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -1.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-3.0% per year) and Germany (+0.9% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, growing by 43% against the previous year. Over the period under review, the import price posted prominent growth. The growth pace was the most rapid in 2019 when the average import price increased by 128% against the previous year. Over the period under review, average import prices attained the maximum in 2021 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for India (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 Italy (+11.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :