United Kingdom: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in the UK

In 2021, the UK porous-tipped pen market increased by 8.1% to $X, rising for the fourth year in a row after two years of decline. Over the period under review, the total consumption indicated tangible growth from 2012 to 2021: its value increased at an average annual rate of +2.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +29.1% against 2017 indices. Over the period under review, the market reached the maximum level at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Porous-Tipped Pen Production in the UK

In value terms, porous-tipped pen production totaled $X in 2021 estimated in export price. Over the period under review, production, however, saw a sharp decline. The most prominent rate of growth was recorded in 2017 when the production volume increased by 132%. 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 UK

In 2021, shipments abroad of porous-tipped pens and markers decreased by -37% to X units, falling for the fourth consecutive year after two years of growth. In general, exports saw a abrupt setback. The most prominent rate of growth was recorded in 2013 when exports increased by 58%. Over the period under review, the exports hit record highs at X units in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

In value terms, porous-tipped pen exports fell dramatically to $X in 2021. Overall, exports continue to indicate a slight decline. The pace of growth was the most pronounced in 2013 with an increase of 48%. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

Ireland (X units), Sweden (X units) and Germany (X units) were the main destinations of porous-tipped pen exports from the UK, together accounting for 53% of total exports. These countries were followed by Denmark, the Netherlands, the United States, France, Greece, Finland, Poland, Spain and Italy, which together accounted for a further 37%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Greece (with a CAGR of +12.4%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for porous-tipped pen exported from the UK were Germany ($X), Ireland ($X) and the United States ($X), with a combined 40% share of total exports.

The United States, with a CAGR of +18.1%, saw the highest growth rate of 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, growing by 1.7% against the previous year. Overall, the export price saw prominent growth. The most prominent rate of growth was recorded in 2020 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in years to come.

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 United States ($X per unit), while the average price for exports to Greece ($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 (+14.9%), while the prices for the other major destinations experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into the UK

In 2021, purchases abroad of porous-tipped pens and markers increased by 1% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when imports increased by 67%. Imports peaked at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, porous-tipped pen imports reduced slightly to $X in 2021. The total import value increased at an average annual rate of +2.5% 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 2014 with an increase of 21% against the previous year. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of porous-tipped pen to the UK, accounting for a 55% share of total imports. Moreover, porous-tipped pen imports from China exceeded the figures recorded by the second-largest supplier, Germany (X units), fivefold. The Czech Republic (X units) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to +1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-2.8% per year) and the Czech Republic (+8.0% per year).

In value terms, the largest porous-tipped pen suppliers to the UK were China ($X), Germany ($X) and the Czech Republic ($X), with a combined 68% share of total imports. These countries were followed by Japan, France, Italy, Vietnam, India, Malaysia and the United States, which together accounted for a further 26%.

Vietnam, with a CAGR of +42.1%, recorded 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

In 2021, the average porous-tipped pen import price amounted to $X per unit, reducing by -5% against the previous year. Over the period under review, import price indicated perceptible growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the average import price increased by 60% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2020, and then fell slightly in the following year.

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 Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by France (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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