Latin America and the Caribbean: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Latin America and the Caribbean

In 2022, the Latin American ball pen refill market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. In general, consumption continues to indicate a perceptible shrinkage. Over the period under review, the market reached the maximum level at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Ball Pen Refill Production in Latin America and the Caribbean

In value terms, ball pen refill production shrank to $X in 2022 estimated in export price. Overall, production continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2022, production growth failed to regain momentum.

Ball Pen Refill Exports

Exports in Latin America and the Caribbean

In 2022, shipments abroad of refills for ball-point pens increased by X% to X units, rising for the fourth consecutive year after four years of decline. Overall, exports, however, continue to indicate a noticeable descent. The pace of growth was the most pronounced in 2021 when exports increased by X%. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, ball pen refill exports rose notably to $X in 2022. Over the period under review, exports, however, recorded a abrupt slump. The level of export peaked at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

The shipments of the one major exporters of refills for ball-point pens, namely Mexico, represented more than two-thirds of total export.

Mexico was also the fastest-growing in terms of the refills for ball-point pens exports, with a CAGR of X% from 2012 to 2022. While the share of Mexico (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest ball pen refill supplier in Latin America and the Caribbean.

In Mexico, ball pen refill exports decreased by an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of X% against the previous year. In general, the export price continues to indicate a noticeable descent. The growth pace was the most rapid in 2016 an increase of X%. The level of export peaked at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to X% per year.

Ball Pen Refill Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of refills for ball-point pens increased by X% to X units, rising for the second consecutive year after two years of decline. Overall, imports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, imports reached the maximum at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, ball pen refill imports surged to $X in 2022. Total imports indicated pronounced growth from 2012 to 2022: its value 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. Over the period under review, imports hit record highs at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, Mexico (X units) and Brazil (X units) represented the largest importers of refills for ball-point pens in Latin America and the Caribbean, together finishing at near X% of total imports. It was distantly followed by Argentina (X units), creating a X% share of total imports. The following importers - Colombia (X units) and El Salvador (X units) - each finished at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Mexico (with a CAGR of X%), while imports for the other leaders experienced mixed trends in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported refills for ball-point pens in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Argentina ($X), with a X% share of total imports. It was followed by Brazil, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. In the other countries, the average annual rates were as follows: Argentina (X% per year) and Brazil (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, with an increase of X% against the previous year. Import price indicated temperate growth 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, ball pen refill import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per unit), while Brazil (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 Colombia (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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