Price for Pens; Nibs and Nib Points in South Korea - 2022

Contents:

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

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

The average import price for pens; nibs and nib pointses stood at $12 per thousand units in 2022, which is down by -6.2% against the previous year. Overall, the import price continues to indicate a perceptible curtailment. The pace of growth was the most pronounced in 2015 an increase of 7.5%. Over the period under review, average import prices reached the maximum at $16 per thousand units in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from India ($12 per thousand units) and Japan ($12 per thousand units), while the price for China ($12 per thousand units) and Germany ($12 per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (-1.5%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the average export price for pens; nibs and nib pointses amounted to $5.4 per thousand units, waning by -9.3% against the previous year. Over the period under review, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2020 an increase of 35% against the previous year. Over the period under review, the average export prices attained the peak figure at $21 per thousand units in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were Egypt ($5.4 per thousand units) and China ($5.4 per thousand units), while the average price for exports to Turkey ($5.4 per thousand units) and India ($5.4 per thousand units) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (-3.4%), while the prices for the other major destinations experienced a decline.

Imports of Pens; Nibs and Nib Points in South Korea

Pens; nibs and nib points imports into South Korea surged to 318M units in 2022, increasing by 17% on 2021. The total import volume increased at an average annual rate of +3.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, pens; nibs and nib points imports amounted to $3.7M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 10% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

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

1. Japan (227.0M units)
2. China (30.8M units)
3. Thailand (20.9M units)
4. Germany (17.3M units)
5. India (9.2M units)
6. Malaysia (7.0M units)

Exports of Pens; Nibs and Nib Points in South Korea

Pens; nibs and nib points exports from South Korea stood at 270M units in 2022, surging by 1.9% against 2021 figures. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +8.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +65.6% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 63%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, pens; nibs and nib points exports declined to $1.5M in 2022. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +40.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 47%. As a result, the exports attained the peak of $1.6M, and then contracted in the following year.

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

1. Thailand (170.9M units)
2. China (72.0M units)
3. Egypt (11.5M units)
4. Turkey (10.7M units)

Source: IndexBox Market Intelligence Platform