U.S.: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in the U.S.

After two years of decline, the U.S. porous-tipped pen market increased by 44% to $X in 2021. In general, consumption, however, recorded a deep contraction. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Porous-Tipped Pen Production in the U.S.

In value terms, porous-tipped pen production surged to $X in 2021. Over the period under review, production, however, saw a abrupt slump. Porous-tipped pen production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Porous-Tipped Pen Exports

Exports from the U.S.

Porous-tipped pen exports from the United States skyrocketed to X units in 2021, growing by 82% on the previous year. In general, exports showed strong growth. 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 expanded remarkably to $X in 2021. Over the period under review, total exports indicated prominent growth from 2012 to 2021: its value increased at an average annual rate of +8.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +103.0% against 2012 indices. The growth pace was the most rapid in 2016 when exports increased by 46%. The exports peaked in 2021 and are expected to retain growth in the immediate term.

Exports by Country

Mexico (X units), Canada (X units) and Australia (X units) were the main destinations of porous-tipped pen exports from the United States, together accounting for 78% of total exports. Germany, France, Colombia and the UK lagged somewhat behind, together comprising a further 9.6%.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +41.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X), Canada ($X) and Australia ($X) constituted the largest markets for porous-tipped pen exported from the United States worldwide, with a combined 80% share of total exports. These countries were followed by Germany, France, Colombia and the UK, which together accounted for a further 9.4%.

Germany, with a CAGR of +29.6%, recorded the highest growth rate of 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

The average porous-tipped pen export price stood at $X per unit in 2021, waning by -37.9% against the previous year. In general, the export price showed a abrupt decline. The pace of growth appeared the most rapid in 2015 when the average export price increased by 12% against the previous year. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2021, amid the top suppliers, the countries with the highest prices were Canada ($X per unit) and Germany ($X per unit), while the average price for exports to Colombia ($X per unit) and France ($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 Canada (-8.4%), while the prices for the other major destinations experienced a decline.

Porous-Tipped Pen Imports

Imports into the U.S.

In 2021, purchases abroad of porous-tipped pens and markers increased by 61% to X units, rising for the third year in a row after two years of decline. Over the period under review, imports showed strong growth. The pace of growth was the most pronounced in 2020 when imports increased by 65% against the previous year. Imports peaked in 2021 and are likely to continue growth in years to come.

In value terms, porous-tipped pen imports expanded remarkably to $X in 2021. Overall, total imports indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +5.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +12.8% against 2016 indices. The pace of growth appeared the most rapid in 2016 when imports increased by 20% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, China (X units) constituted the largest supplier of porous-tipped pen to the United States, with a 55% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold. The third position in this ranking was taken by Mexico (X units), with a 9.5% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +16.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.7% per year) and Mexico (+13.5% per year).

In value terms, China ($X) constituted the largest supplier of porous-tipped pens and markers to the United States, comprising 50% of total imports. The second position in the ranking was taken by Japan ($X), with a 13% share of total imports. It was followed by Mexico, with a 9.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +5.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.1% per year) and Mexico (+4.3% per year).

Import Prices by Country

In 2021, the average porous-tipped pen import price amounted to $X per unit, with a decrease of -31.7% against the previous year. Overall, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 7.5% against the previous year. The import price peaked at $X per unit in 2019; however, from 2020 to 2021, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2021, amid the top importers, the highest price was recorded for prices from Japan ($X per unit) and South Korea ($X per unit), while the price for China ($X per unit) and India ($X per unit) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (-6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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