Vietnam: Drawing Ink Pen Market 2024

Drawing Ink Pen Market Size in Vietnam

The Vietnamese drawing ink pen market surged to $X in 2022, with an increase of X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption saw a strong expansion. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a somewhat lower figure.

Drawing Ink Pen Exports

Exports from Vietnam

In 2022, after two years of decline, there was growth in shipments abroad of indian ink drawing pens, fountain pens and stylograph pens, when their volume increased by X% to X units. Over the period under review, exports, however, continue to indicate a deep downturn. The pace of growth was the most pronounced in 2019 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, drawing ink pen exports shrank rapidly to $X in 2022. Overall, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for drawing ink pen exports from Vietnam, with a X% share of total exports. Moreover, drawing ink pen exports to the Netherlands exceeded the volume sent to the second major destination, the United States (X units), sixfold. The third position in this ranking was taken by Slovakia (X units), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to the Netherlands stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Slovakia (X% per year).

In value terms, the Netherlands ($X) emerged as the key foreign market for indian ink drawing pens, fountain pens and stylograph pens exports from Vietnam, comprising X% of total exports. The second position in the ranking was taken by Slovakia ($X), with a X% share of total exports. It was followed by Austria, with a X% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (X% per year) and Austria (X% per year).

Export Prices by Country

The average drawing ink pen export price stood at $X per unit in 2022, dropping by X% against the previous year. Over the period under review, the export price continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2014 an increase of X%. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the average price for exports to Brazil ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Belarus (X%), while the prices for the other major destinations experienced a decline.

Drawing Ink Pen Imports

Imports into Vietnam

In 2022, approx. X units of indian ink drawing pens, fountain pens and stylograph pens were imported into Vietnam; growing by X% against 2021 figures. Over the period under review, imports enjoyed a buoyant increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, drawing ink pen imports soared to $X in 2022. Overall, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 with an increase of X%. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports remained at a lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of drawing ink pen to Vietnam, with a X% share of total imports. Moreover, drawing ink pen imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%.

In value terms, China ($X) constituted the largest supplier of indian ink drawing pens, fountain pens and stylograph pens to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%.

Import Prices by Country

In 2022, the average drawing ink pen import price amounted to $X per unit, declining by X% against the previous year. Overall, the import price, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2018 an increase of X% against the previous year. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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