Hong Kong SAR, China: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Hong Kong SAR, China

In 2022, the Hong Kong porous-tipped pen market decreased by X% to $X, falling for the second consecutive year after two years of growth. Overall, consumption saw a sharp decrease. Porous-tipped pen consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Porous-Tipped Pen Exports

Exports from Hong Kong SAR, China

In 2022, porous-tipped pen exports from Hong Kong SAR reduced markedly to X units, with a decrease of X% on 2021 figures. In general, exports saw a abrupt descent. The growth pace was the most rapid in 2016 with an increase of X%. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, porous-tipped pen exports contracted markedly to $X in 2022. Overall, exports faced a abrupt slump. The pace of growth appeared the most rapid in 2014 when exports increased by X%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X units) was the main destination for porous-tipped pen exports from Hong Kong SAR, with a X% share of total exports. Moreover, porous-tipped pen exports to China exceeded the volume sent to the second major destination, the United States (X units), threefold. The third position in this ranking was taken by Canada (X units), with an X% share.

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

In value terms, the largest markets for porous-tipped pen exported from Hong Kong SAR were China ($X), the United States ($X) and Japan ($X), with a combined X% share of total exports. Canada, Australia, Taiwan (Chinese), Belgium, Slovakia, the UK, Mexico, France and Switzerland lagged somewhat behind, together accounting for a further X%.

Slovakia, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average porous-tipped pen export price stood at $X per unit in 2022, with an increase of X% against the previous year. Over the period under review, export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, porous-tipped pen export price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2019 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per unit), while the average price for exports to Switzerland ($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 Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Porous-Tipped Pen Imports

Imports into Hong Kong SAR, China

For the eighth consecutive year, Hong Kong SAR recorded decline in purchases abroad of porous-tipped pens and markers, which decreased by X% to X units in 2022. Overall, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, porous-tipped pen imports dropped significantly to $X in 2022. Over the period under review, imports saw a abrupt decrease. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), Japan (X units) and Vietnam (X units) were the main suppliers of porous-tipped pen imports to Hong Kong SAR, together comprising X% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Vietnam (with a CAGR of X%), while imports for the other leaders experienced a decline.

In value terms, Japan ($X), China ($X) and Germany ($X) appeared to be the largest porous-tipped pen suppliers to Hong Kong SAR, with a combined X% share of total imports. Vietnam, Malaysia, South Korea and Italy lagged somewhat behind, together comprising a further X%.

Among the main suppliers, South Korea, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2022, the average porous-tipped pen import price amounted to $X per unit, picking up by X% against the previous year. Overall, the import price enjoyed a buoyant expansion. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. Over the period under review, average import prices attained the peak figure in 2022 and is likely to see gradual growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Italy (less than $X per unit) was amongst the lowest.

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

Source: IndexBox Platform

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