Republic of Korea - Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens - Market Analysis, Forecast, Size, Trends And Insights
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View PricingDrawing Ink Pen Price in South Korea - 2022
Contents:
- Drawing Ink Pen Price in South Korea (CIF) - 2022
- Drawing Ink Pen Price in South Korea (FOB) - 2022
- Drawing Ink Pen Imports in South Korea
- Drawing Ink Pen Exports in South Korea
Drawing Ink Pen Price in South Korea (CIF) - 2022
The average drawing ink pen import price stood at $2.7 per unit in 2022, growing by 92% against the previous year. Overall, the import price recorded a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Japan ($2.7 per unit) and China ($2.7 per unit), while the price for Italy ($2.7 per unit) and France ($2.7 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Drawing Ink Pen Price in South Korea (FOB) - 2022
In 2022, the average drawing ink pen export price amounted to $12 per unit, stabilizing at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2019 an increase of 4.4%. The export price peaked at $12 per unit in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($12 per unit) and Germany ($12 per unit), while the average price for exports to China ($12 per unit) and Taiwan (Chinese) ($12 per unit) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+3.7%), while the prices for the other major destinations experienced more modest paces of growth.
Drawing Ink Pen Imports in South Korea
In 2022, drawing ink pen imports into South Korea plummeted to 5.9M units, declining by -40.1% compared with the previous year's figure. Over the period under review, imports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 36%. As a result, imports reached the peak of 9.9M units, and then contracted sharply in the following year.
In value terms, drawing ink pen imports soared to $16M in 2022. Overall, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 41% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.
| Import of Drawing Ink Pen in South Korea (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 7.7 | 4.9 | 6.3 | 7.3 | -1.8% |
| Japan | 0.9 | 0.9 | 1.4 | 2.0 | 30.5% |
| China | 1.5 | 1.5 | 2.0 | 2.0 | 10.1% |
| Italy | 0.9 | 0.9 | 1.4 | 1.7 | 23.6% |
| France | 1.3 | 0.7 | 1.2 | 1.6 | 7.2% |
| Taiwan (Chinese) | 0.1 | 0.3 | 0.5 | 0.6 | 81.7% |
| United States | 0.2 | 0.2 | 0.3 | 0.2 | 0.0% |
| Hong Kong SAR | 0.2 | 0.2 | 0.3 | 0.1 | -20.6% |
| Others | 0.3 | 0.3 | 0.4 | 0.5 | 18.6% |
| Total | 13.1 | 9.8 | 13.9 | 16.0 | 6.9% |
Top Suppliers of Drawing Ink Pen to South Korea in 2022:
- Germany (2695.5K units)
- China (751.8K units)
- Japan (724.3K units)
- Italy (614.6K units)
- France (583.4K units)
- Taiwan (Chinese) (221.6K units)
- United States (85.8K units)
- Hong Kong SAR (55.3K units)
Drawing Ink Pen Exports in South Korea
Drawing ink pen exports from South Korea declined remarkably to 41K units in 2022, falling by -46.7% compared with 2021. Overall, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2021 with an increase of 48% against the previous year. Over the period under review, the exports attained the maximum at 149K units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.
In value terms, drawing ink pen exports reduced rapidly to $500K in 2022. In general, exports continue to indicate a significant contraction. The most prominent rate of growth was recorded in 2021 when exports increased by 47% against the previous year. The exports peaked at $1.8M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Drawing Ink Pen in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 119 | 84.1 | 245 | 320 | 39.1% |
| Hong Kong SAR | 972 | 16.6 | 36.1 | 34.1 | -67.3% |
| United Kingdom | 0.2 | 0.2 | 20.9 | 31.5 | 440.0% |
| Germany | 589 | 277 | 317 | 29.7 | -63.1% |
| Japan | 0.4 | 39.6 | 95.5 | 22.0 | 280.3% |
| Australia | 0.6 | N/A | 6.0 | 8.0 | 137.1% |
| Taiwan (Chinese) | 13.3 | 14.7 | 77.6 | 7.3 | -18.1% |
| Vietnam | 30.1 | 13.5 | 21.1 | 5.6 | -42.9% |
| China | 12.9 | 29.8 | 67.9 | 0.9 | -58.8% |
| Others | 36.6 | 168 | 59.0 | 41.1 | 3.9% |
| Total | 1,774 | 643 | 946 | 500 | -34.4% |
Top Export Markets for Drawing Ink Pen from South Korea in 2022:
- United States (26.1K units)
- Hong Kong SAR (2.8K units)
- United Kingdom (2.6K units)
- Germany (2.4K units)
- Japan (1.8K units)
- Australia (0.7K units)
- Taiwan (Chinese) (0.6K units)
- Vietnam (0.5K units)
- China (0.1K units)
This report provides an in-depth analysis of the drawing ink pen market in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32991300 - Indian ink drawing pens, fountain pens, stylograph pens and other pens
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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