Philippines: Ball Pen Market 2022

Ball Pen Market Size in the Philippines

In 2021, the Philippine ball pen market decreased by -X% to $X, falling for the second consecutive year after two years of growth. In general, consumption continues to indicate a slight decline. Ball pen consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ball Pen Exports

Exports from the Philippines

In 2021, after two years of decline, there was significant growth in shipments abroad of ball-point pens, when their volume increased by X% to X units. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, ball pen exports soared to $X in 2021. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

Hong Kong SAR (X units) was the main destination for ball pen exports from the Philippines, with a X% share of total exports. Moreover, ball pen exports to Hong Kong SAR exceeded the volume sent to the second major destination, France (X units), threefold. Singapore (X units) ranked third in terms of total exports with a X% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Hong Kong SAR totaled +X%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (X% per year) and Singapore (+X% per year).

In value terms, the largest markets for ball pen exported from the Philippines were Hong Kong SAR ($X), France ($X) and Japan ($X), together accounting for X% of total exports.

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

Export Prices by Country

The average ball pen export price stood at $X per unit in 2021, growing by X% against the previous year. Over the period under review, the export price posted significant growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

Prices varied noticeably country of destination: the country with the highest price was Japan ($X per unit), while the average price for exports to Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, 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.

Ball Pen Imports

Imports into the Philippines

In 2021, supplies from abroad of ball-point pens decreased by -X% to X units, falling for the second year in a row after two years of growth. Overall, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, ball pen imports shrank dramatically to $X in 2021. Over the period under review, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2014 with an increase of X%. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Vietnam (X units), China (X units) and India (X units) were the main suppliers of ball pen imports to the Philippines, together comprising X% of total imports.

From 2012 to 2021, 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 more modest paces of growth.

In value terms, Japan ($X), China ($X) and Vietnam ($X) appeared to be the largest ball pen suppliers to the Philippines, together comprising X% of total imports.

In terms of the main suppliers, Vietnam, with a CAGR of +X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball pen import price stood at $X per unit in 2021, declining by -X% against the previous year. Overall, the import price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2015 when the average import price increased by X%. Over the period under review, average import prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, import prices failed to regain momentum.

Prices varied noticeably countryorigin: the country with the highest price was Japan ($X per unit), while the price for Vietnam ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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