Vietnam: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Vietnam

The Vietnamese ball pen refill market surged to $X in 2021, jumping by 30% 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, however, saw a noticeable downturn. Ball pen refill consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Ball Pen Refill Exports

Exports from Vietnam

In 2021, ball pen refill exports from Vietnam rose notably to X units, growing by 6.2% compared with the previous year's figure. Over the period under review, exports recorded a prominent expansion. The pace of growth was the most pronounced in 2014 when exports increased by 455% against the previous year. 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, ball pen refill exports amounted to $X in 2021. Overall, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 612%. Over the period under review, the exports hit record highs at $X in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Japan (X units), Canada (X units) and Poland (X units) were the main destinations of ball pen refill exports from Vietnam, together accounting for 65% of total exports. These countries were followed by India, Thailand, Nepal, Singapore and China, which together accounted for a further 20%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by India (with a CAGR of +209.4%), while the other leaders experienced more modest paces of growth.

In value terms, India ($X), Japan ($X) and Myanmar ($X) were the largest markets for ball pen refill exported from Vietnam worldwide, together comprising 57% of total exports.

Among the main countries of destination, India, with a CAGR of +132.2%, 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

In 2021, the average ball pen refill export price amounted to $X per thousand units, with an increase of 7% against the previous year. In general, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 when the average export price increased by 152%. Over the period under review, the average export prices reached the maximum at $X per thousand units in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was China ($X per thousand units), while the average price for exports to Canada ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+79.0%), while the prices for the other major destinations experienced more modest paces of growth.

Ball Pen Refill Imports

Imports into Vietnam

In 2021, approx. X units of refills for ball-point pens were imported into Vietnam; increasing by 22% compared with 2020. Overall, imports, however, recorded a perceptible contraction. The most prominent rate of growth was recorded in 2018 with an increase of 59% against the previous year. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, ball pen refill imports soared to $X in 2021. In general, imports, however, continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2018 with an increase of 69%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Japan (X units) and Singapore (X units) were the main suppliers of ball pen refill imports to Vietnam, together accounting for 81% of total imports. These countries were followed by France, which accounted for a further 17%.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +88.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constituted the largest supplier of refills for ball-point pens to Vietnam, comprising 60% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports. It was followed by Singapore, with a 7.2% share.

From 2012 to 2021, the average annual growth rate of value from Japan totaled +11.3%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-2.6% per year) and Singapore (-9.4% per year).

Import Prices by Country

In 2021, the average ball pen refill import price amounted to $X per thousand units, with an increase of 13% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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