Price for Pens; Nibs and Nib Points in Bulgaria - 2023

Contents:

  1. Price for Pens; Nibs and Nib Points in Bulgaria (CIF) - 2022
  2. Price for Pens; Nibs and Nib Points in Bulgaria (FOB) - 2022
  3. Imports of Pens; Nibs and Nib Points in Bulgaria
  4. Exports of Pens; Nibs and Nib Points in Bulgaria

Price for Pens; Nibs and Nib Points in Bulgaria (CIF) - 2022

The average import price for pens; nibs and nib pointses stood at $15 per thousand units in 2022, declining by -27.4% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of 86% against the previous year. Over the period under review, average import prices reached the peak figure at $50 per thousand units in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Hungary ($34 per thousand units), while the price for the Netherlands ($8.4 per thousand units) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+42.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Pens; Nibs and Nib Points in Bulgaria (FOB) - 2022

In 2022, the average export price for pens; nibs and nib pointses amounted to $26 per thousand units, remaining relatively unchanged against the previous year. In general, the export price continues to indicate a remarkable increase. The pace of growth was the most pronounced in 2020 when the average export price increased by 49%. The export price peaked in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($58 per thousand units), while the average price for exports to Iran stood at $8.4 per thousand units.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pens; Nibs and Nib Points in Bulgaria

In 2022, approx. 6.5M units of pens; nibs and nib pointses were imported into Bulgaria; dropping by -28.2% on 2021. Over the period under review, imports recorded a abrupt shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 130% against the previous year. As a result, imports attained the peak of 9.1M units, and then declined significantly in the following year.

In value terms, pens; nibs and nib points imports dropped markedly to $96K in 2022. Overall, imports faced a precipitous decline. The most prominent rate of growth was recorded in 2021 with an increase of 15%. Imports peaked at $203K in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Import of Pens; Nibs and Nib Points in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
ChinaN/A3.284.335.3232.1%
Hungary6.21.59.525.259.6%
Germany37.317.929.523.7-14.0%
Poland3.80.7N/A5.915.8%
Netherlands3.34.33.61.7-19.8%
United Kingdom32.72.13.21.7-62.7%
Switzerland24.485.920.4N/A-8.6%
Portugal26.08.1N/AN/A-68.8%
Czech Republic21.30.4N/AN/A-98.1%
Italy3.8N/AN/AN/A0%
Others44.136.032.82.0-64.3%
Total20316018395.5-22.2%

Top Suppliers of Pens; Nibs and Nib Points to Bulgaria in 2022:

  1. China (3323.5K units)
  2. Germany (1653.3K units)
  3. Hungary (732.9K units)
  4. Poland (495.7K units)
  5. Netherlands (201.5K units)
  6. United Kingdom (64.5K units)
  7. Czech Republic (4.1K units)

Exports of Pens; Nibs and Nib Points in Bulgaria

For the third consecutive year, Bulgaria recorded decline in overseas shipments of pens; nibs and nib pointses, which decreased by 0% to 126K units in 2022. Overall, exports recorded a significant decrease. The smallest decline of -98.5% was in 2020. Over the period under review, the exports reached the maximum at 17M units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, pens; nibs and nib points exports stood at $3.3K in 2022. In general, exports showed a sharp descent. The smallest decline of -97.7% was in 2020. Over the period under review, the exports hit record highs at $91K in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.

Export of Pens; Nibs and Nib Points in Bulgaria (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South KoreaN/AN/AN/A2.60%
IranN/AN/AN/A0.70%
Hong Kong SARN/A2.1N/AN/A0%
United Kingdom90.6N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total90.62.1N/A3.3-66.9%

Top Export Markets for Pens; Nibs and Nib Points from Bulgaria in 2022:

  1. Iran (81.3K units)
  2. South Korea (44.7K units)

Source: IndexBox Market Intelligence Platform

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