United Kingdom: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in the UK

The UK ball pen refill market totaled $X in 2021, therefore, remained relatively stable against the previous year. Over the period under review, consumption, however, showed a significant expansion. Ball pen refill consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Ball Pen Refill Production in the UK

In value terms, ball pen refill production rose slightly to $X in 2021 estimated in export price. Overall, production, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2018 with an increase of 55%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ball Pen Refill Exports

Exports from the UK

After two years of decline, shipments abroad of refills for ball-point pens increased by 45% to X units in 2021. Overall, exports, however, recorded a pronounced slump. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball pen refill exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +2.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Germany (X units) was the main destination for ball pen refill exports from the UK, accounting for a 57% share of total exports. Moreover, ball pen refill exports to Germany exceeded the volume sent to the second major destination, France (X units), threefold. Sweden (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+2.5% per year) and Sweden (-9.8% per year).

In value terms, the largest markets for ball pen refill exported from the UK were France ($X), Germany ($X) and Switzerland ($X), with a combined 83% share of total exports. These countries were followed by Sweden and the United States, which together accounted for a further 6.6%.

Among the main countries of destination, the United States, with a CAGR of +31.2%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average ball pen refill export price stood at $X per unit in 2021, shrinking by -7.4% against the previous year. Overall, the export price, however, continues to indicate a prominent increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 65%. The export price peaked at $X per unit in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($X per unit), while the average price for exports to Sweden ($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 France (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into the UK

In 2021, purchases abroad of refills for ball-point pens was finally on the rise to reach X units after two years of decline. Overall, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 103%. As a result, imports attained the peak of X units. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ball pen refill imports shrank to $X in 2021. In general, imports, however, saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 59% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, India (X units) constituted the largest ball pen refill supplier to the UK, accounting for a 42% share of total imports. Moreover, ball pen refill imports from India exceeded the figures recorded by the second-largest supplier, Germany (X units), threefold. The third position in this ranking was held by France (X units), with a 12% share.

From 2012 to 2021, the average annual growth rate of volume from India stood at +38.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-6.5% per year) and France (-7.2% per year).

In value terms, the largest ball pen refill suppliers to the UK were Germany ($X), France ($X) and China ($X), together comprising 46% of total imports. India, Japan, Hong Kong SAR and the Netherlands lagged somewhat behind, together accounting for a further 31%.

Among the main suppliers, India, with a CAGR of +37.7%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per unit, dropping by -20.1% against the previous year. Over the period under review, the import price saw a slight setback. The pace of growth appeared the most rapid in 2020 an increase of 45% against the previous year. As a result, import price attained the peak level of $X per unit, and then shrank rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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