Drawing Ink Pen Market

The global market for drawing ink pens is forecasted to see a slight increase in both volume and value terms over the period from 2022 to 2030. China leads as the largest consumer and producer of drawing ink pens, with the market expected to reach 5.8 billion units in volume and $45.7 billion in value by 2030. Consumption trends have varied over the years, with some countries experiencing growth while others saw declines. Imports and exports are also on the rise, with China being the main exporter of drawing ink pens. Overall, the market is expected to continue growing in the coming years.

Market Forecast

Driven by rising demand for drawing ink pen worldwide, the market is expected to start an upward consumption trend over the next eight years. The performance of the market is forecast to increase slightly, with an anticipated CAGR of +0.2% for the period from 2022 to 2030, which is projected to bring the market volume to 5.8B units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +2.5% for the period from 2022 to 2030, which is projected to bring the market value to $45.7B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens

In 2022, the amount of indian ink drawing pens, fountain pens and stylograph pens consumed worldwide dropped to 5.7B units, which is down by -5.6% on 2021 figures. In general, consumption continues to indicate a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 7.1%. Global consumption peaked at 15B units in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

The global drawing ink pen market value dropped slightly to $37.5B in 2022, falling by -3.3% against 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). Over the period under review, consumption continues to indicate a deep setback. The pace of growth was the most pronounced in 2021 with an increase of 5.9%. Over the period under review, the global market attained the peak level at $108B in 2012; however, from 2013 to 2022, consumption failed to regain momentum.

Consumption By Country

China (2B units) remains the largest drawing ink pen consuming country worldwide, comprising approx. 36% of total volume. Moreover, drawing ink pen consumption in China exceeded the figures recorded by the second-largest consumer, India (844M units), twofold. Japan (261M units) ranked third in terms of total consumption with a 4.6% share.

In China, drawing ink pen consumption declined by an average annual rate of -6.0% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: India (-6.0% per year) and Japan (-13.5% per year).

In value terms, Nigeria ($12.6B) led the market, alone. The second position in the ranking was taken by the United States ($3.7B). It was followed by Germany.

In Nigeria, the drawing ink pen market decreased by an average annual rate of -6.5% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (+3.6% per year) and Germany (-20.0% per year).

The countries with the highest levels of drawing ink pen per capita consumption in 2022 were Italy (2.1 units per person), Japan (2.1 units per person) and the UK (2.1 units per person).

From 2012 to 2022, the most notable rate of growth in terms of consumption, amongst the leading consuming countries, was attained by the United States (with a CAGR of +3.7%), while consumption for the other global leaders experienced a decline in the per capita consumption figures.

Production

World Production of Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens

In 2022, approx. 5.7B units of indian ink drawing pens, fountain pens and stylograph pens were produced worldwide; waning by -5.6% on the year before. Overall, production saw a abrupt decrease. The growth pace was the most rapid in 2021 with an increase of 6.7% against the previous year. Over the period under review, global production hit record highs at 15B units in 2012; however, from 2013 to 2022, production remained at a lower figure.

In value terms, drawing ink pen production contracted modestly to $36.6B in 2022 estimated in export price. Over the period under review, production recorded a deep reduction. The pace of growth was the most pronounced in 2021 when the production volume increased by 4.8% against the previous year. Global production peaked at $107.2B in 2012; however, from 2013 to 2022, production remained at a lower figure.

Production By Country

China (2.2B units) constituted the country with the largest volume of drawing ink pen production, comprising approx. 39% of total volume. Moreover, drawing ink pen production in China exceeded the figures recorded by the second-largest producer, India (852M units), threefold. The third position in this ranking was held by Japan (270M units), with a 4.7% share.

In China, drawing ink pen production decreased by an average annual rate of -5.9% over the period from 2012-2022. In the other countries, the average annual rates were as follows: India (-5.9% per year) and Japan (-13.3% per year).

Imports

World Imports of Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens

In 2022, purchases abroad of indian ink drawing pens, fountain pens and stylograph pens increased by 20% to 247M units, rising for the second year in a row after two years of decline. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by 29% against the previous year. Global imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, drawing ink pen imports shrank to $485M in 2022. In general, total imports indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of +5.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +13.7% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 25%. As a result, imports attained the peak of $532M, and then reduced in the following year.

Imports By Country

The United States (29M units), India (25M units), Germany (17M units), Pakistan (14M units), Thailand (12M units), China (12M units), South Korea (11M units), France (10M units), the Philippines (8.2M units), the Netherlands (6M units), the UK (5.3M units) and Indonesia (4.8M units) represented roughly 62% of total imports in 2022. Hong Kong SAR (4.7M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Pakistan (with a CAGR of +26.5%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, Germany ($63M), China ($60M) and the United States ($44M) were the countries with the highest levels of imports in 2022, with a combined 35% share of global imports.

Germany, with a CAGR of +18.7%, saw the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices By Country

The average drawing ink pen import price stood at $2 per unit in 2022, waning by -24.1% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, drawing ink pen import price decreased by -26.5% against 2020 indices. The most prominent rate of growth was recorded in 2015 an increase of 30%. Global import price peaked at $2.7 per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($6 per unit), while Pakistan (less than $0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+13.2%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Indian Ink Drawing Pens, Fountain Pens And Stylograph Pens

In 2022, shipments abroad of indian ink drawing pens, fountain pens and stylograph pens increased by 19% to 261M units, rising for the fifth year in a row after three years of decline. Over the period under review, exports, however, saw a mild descent. The most prominent rate of growth was recorded in 2020 with an increase of 72%. The global exports peaked at 305M units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, drawing ink pen exports dropped to $438M in 2022. The total export value increased at an average annual rate of +2.7% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 27%. As a result, the exports reached the peak of $483M, and then contracted in the following year.

Exports By Country

In 2022, China (167M units) was the main exporter of indian ink drawing pens, fountain pens and stylograph pens, mixing up 64% of total exports. India (32M units) held the second position in the ranking, followed by Germany (19M units). All these countries together took near 20% share of total exports. The following exporters - Japan (9.6M units) and France (6.1M units) - together made up 6% of total exports.

Exports from China decreased at an average annual rate of -3.9% from 2012 to 2022. At the same time, Germany (+27.2%), India (+22.7%) and Japan (+3.4%) displayed positive paces of growth. Moreover, Germany emerged as the fastest-growing exporter exported in the world, with a CAGR of +27.2% from 2012-2022. By contrast, France (-8.4%) illustrated a downward trend over the same period. While the share of India (+11 p.p.) and Germany (+6.9 p.p.) increased significantly in terms of the global exports from 2012-2022, the share of France (-2.5 p.p.) and China (-18 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Germany ($150M) remains the largest drawing ink pen supplier worldwide, comprising 34% of global exports. The second position in the ranking was held by China ($67M), with a 15% share of global exports. It was followed by Japan, with an 8.5% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Germany totaled +2.4%. In the other countries, the average annual rates were as follows: China (+0.2% per year) and Japan (+13.6% per year).

Export Prices By Country

The average drawing ink pen export price stood at $1.7 per unit in 2022, dropping by -24% against the previous year. In general, the export price, however, continues to indicate measured growth. The pace of growth appeared the most rapid in 2015 when the average export price increased by 159%. The global export price peaked at $4.5 per unit in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Germany ($7.7 per unit), while India ($0.1 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+9.9%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform