Updated Oct 9, 2022 08:11

Ball Pen Market in Asia-Pacific

Market Overview
Please note: Annual data for 2022 are preliminary and subject to revision
The Asia-Pacific ball pen market was finally on the rise to reach $ in , after two years of decline. Over the period under review, consumption, however, saw a relatively flat trend pattern. The level of consumption peaked at $ in 2012; however, from 2013 to , consumption remained at a lower figure.

In value terms, ball pen production totaled $ in estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The level of production peaked at $ in 2012; however, from 2013 to , production remained at a lower figure.

The country with the largest volume of ball pen production was China ( units), accounting for % of total volume. Moreover, ball pen production in China exceeded the figures recorded by the second-largest producer, India ( units), threefold. Japan ( units) ranked third in terms of total production with a % share.

From 2007 to , the average annual rate of growth in terms of volume in China was relatively modest. In the other countries, the average annual rates were as follows: India (+% per year) and Japan (-% per year).


Consumption
Please note: Annual data for 2022 are preliminary and subject to revision
In , the amount of ball-point pens consumed in Asia-Pacific contracted to units, almost unchanged from the year before. Overall, consumption, however, showed a relatively flat trend pattern. As a result, consumption reached the peak volume of units. From 2019 to , the growth of the consumption remained at a lower figure.

The revenue of the ball pen market in Asia-Pacific declined modestly to $ in , approximately equating the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption continues to indicate a relatively flat trend pattern. The level of consumption peaked at $ in 2012; however, from 2013 to , consumption failed to regain momentum.


Consumption by Country
Please note: Annual data for 2022 are preliminary and subject to revision
China ( units) constituted the country with the largest volume of ball pen consumption, comprising approx. % of total volume. Moreover, ball pen consumption in China exceeded the figures recorded by the second-largest consumer, India ( units), threefold. The third position in this ranking was held by Japan ( units), with a % share.

From 2007 to , the average annual rate of growth in terms of volume in China totaled +%. In the other countries, the average annual rates were as follows: India (+% per year) and Japan (-% per year).

In value terms, the largest ball pen markets in Asia-Pacific were China ($), Japan ($) and Indonesia ($), with a combined % share of the total market.

China, with a CAGR of +%, recorded the highest rates of growth with regard to market size in terms of the main consuming countries over the period under review, while market for the other leaders experienced more modest paces of growth.

From 2007 to , the average annual rate of growth in terms of the ball pen per capita consumption in No country was relatively modest.


Market Forecast
Please note: Annual data for 2022 are preliminary and subject to revision
Driven by increasing demand for ball pen in Asia-Pacific, the market is expected to continue an upward consumption trend over the next eight-year period. Market performance is forecast to retain its current trend pattern, expanding with an anticipated CAGR of +% for the period from to , which is projected to bring the market volume to units by the end of .

In value terms, the market is forecast to increase with an anticipated CAGR of -% for the period from to , which is projected to bring the market value to $ (in nominal prices) by the end of .