Puerto Rico: Porous-Tipped Pen Market 2024

Porous-Tipped Pen Market Size in Puerto Rico

In 2021, after two years of growth, there was significant decline in the Puerto Rican porous-tipped pen market, when its value decreased by -5.6% to $X. Over the period under review, the total consumption indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +8.9% against 2018 indices. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Porous-Tipped Pen Production in Puerto Rico

In value terms, porous-tipped pen production reduced to $X in 2021 estimated in export price. Over the period under review, the total production indicated a notable expansion from 2012 to 2021: its value increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +9.8% against 2018 indices. The most prominent rate of growth was recorded in 2014 with an increase of 87% against the previous year. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

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Porous-Tipped Pen Exports

Exports from Puerto Rico

In 2021, approx. less than X units of porous-tipped pens and markers were exported from Puerto Rico; therefore, remained relatively stable against the previous year. In general, exports recorded a relatively flat trend pattern.

In value terms, porous-tipped pen exports amounted to less than $X in 2021. Over the period under review, exports recorded a relatively flat trend pattern.

Exports by Country

China represented the major exporting country with an export of around X units, which reached 47% of total exports. The United States (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Germany (6.3%). Japan (X units), Italy (X units), Mexico (X units), France (X units), the Czech Republic (X units), Malaysia (X units), Vietnam (X units), South Korea (X units), Austria (X units) and the UK (X units) held a minor share of total exports.

Exports from China increased at an average annual rate of +13.9% from 2012 to 2021. At the same time, the United States (+19.0%), Mexico (+9.6%), Vietnam (+5.2%), the Czech Republic (+4.4%), Germany (+3.9%), Italy (+1.7%) and France (+1.5%) displayed positive paces of growth. Moreover, the United States emerged as the fastest-growing exporter exported in the world, with a CAGR of +19.0% from 2012-2021. Malaysia experienced a relatively flat trend pattern. By contrast, Austria (-2.1%), Japan (-4.0%), South Korea (-4.2%) and the UK (-6.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of China and the United States increased by +18 and +7.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest porous-tipped pen supplier from Puerto Rico, comprising 32% of global exports. The second position in the ranking was held by Germany ($X), with a 14% share of global exports. It was followed by Japan, with an 8% share.

In China, porous-tipped pen exports increased at an average annual rate of +7.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: Germany (+2.9% per year) and Japan (+1.7% per year).

Export Prices by Country

In 2021, the export price in Puerto Rico amounted to less than $X per thousand units, stabilizing at the previous year. In general, the export price recorded a relatively flat trend pattern.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per thousand units), while the United States ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.0%), while the other leaders experienced more modest paces of growth.

Porous-Tipped Pen Imports

Imports into Puerto Rico

In 2021, porous-tipped pen imports into Puerto Rico stood at less than X units, leveling off at 2020 figures. Overall, imports saw a relatively flat trend pattern.

In value terms, porous-tipped pen imports stood at less than $X in 2021. In general, imports saw a relatively flat trend pattern.

Imports by Country

The United States represented the major importer of porous-tipped pens and markers in the world, with the volume of imports finishing at X units, which was near 29% of total imports in 2021. Russia (X units) held the second position in the ranking, followed by France (X units). All these countries together held approx. 19% share of total imports. The UK (X units), Germany (X units), Mexico (X units), Spain (X units), Canada (X units), China (X units), the Czech Republic (X units), the Netherlands (X units), Poland (X units) and Japan (X units) followed a long way behind the leaders.

Imports into the United States increased at an average annual rate of +15.0% from 2012 to 2021. At the same time, Russia (+21.8%), Poland (+12.2%), China (+11.3%), the Netherlands (+10.7%), Mexico (+7.7%), Spain (+7.5%), France (+6.3%), Germany (+4.9%), the Czech Republic (+3.3%) and Canada (+1.2%) displayed positive paces of growth. Moreover, Russia emerged as the fastest-growing importer imported in the world, with a CAGR of +21.8% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Japan (-3.5%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United States and Russia increased by +13 and +8.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported porous-tipped pens and markers into Puerto Rico, comprising 17% of global imports. The second position in the ranking was held by France ($X), with an 8% share of global imports. It was followed by Germany, with a 7% share.

From 2012 to 2021, the average annual growth rate of value in the United States stood at +5.4%. In the other countries, the average annual rates were as follows: France (+7.2% per year) and Germany (+9.6% per year).

Import Prices by Country

The import price in Puerto Rico stood at less than $X per thousand units in 2021, approximately equating the previous year. In general, the import price continues to indicate a relatively flat trend pattern.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per thousand units), while Russia ($X per thousand units) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+6.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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