Republic of Korea - Pen Or Pencil Sets - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Pen or Pencil Sets in South Korea - 2022
Contents:
- Price for Pen or Pencil Sets in South Korea (CIF) - 2022
- Price for Pen or Pencil Sets in South Korea (FOB) - 2022
- Imports of Pen or Pencil Sets in South Korea
- Exports of Pen or Pencil Sets in South Korea
Price for Pen or Pencil Sets in South Korea (CIF) - 2022
The average pen or pencil sets import price stood at $162 per unit in 2022, remaining stable against the previous year. Overall, the import price showed a abrupt setback. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. Over the period under review, average import prices hit record highs at $397 per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($718 per unit), while the price for Malaysia ($85 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Pen or Pencil Sets in South Korea (FOB) - 2022
In 2022, the average pen or pencil sets export price amounted to $318 per unit, surging by 67% against the previous year. Over the period under review, the export price recorded a noticeable expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 90%. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in years to come.
There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was China ($648 per unit), while the average price for exports to Japan ($127 per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (+20.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Pen or Pencil Sets in South Korea
In 2022, overseas purchases of pen or pencil sets decreased by -5.6% to 12K units for the first time since 2018, thus ending a three-year rising trend. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +59.0% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 35% against the previous year. As a result, imports reached the peak of 12K units, and then fell in the following year.
In value terms, pen or pencil sets imports shrank to $1.9M in 2022. In general, imports continue to indicate a slight decrease. The pace of growth was the most pronounced in 2021 with an increase of 53%. As a result, imports reached the peak of $2M, and then declined in the following year.
| Import of Pen or Pencil Sets in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 468 | 670 | 799 | 917 | 25.1% |
| Japan | 905 | 361 | 838 | 528 | -16.4% |
| Germany | 432 | 123 | 203 | 291 | -12.3% |
| Malaysia | 38.7 | 52.8 | 46.6 | 46.8 | 6.5% |
| Others | 78.9 | 86.1 | 93.4 | 79.4 | 0.2% |
| Total | 1,923 | 1,292 | 1,981 | 1,862 | -1.1% |
Top Suppliers of Pen or Pencil Sets to South Korea in 2022:
- China (9.4K units)
- Japan (0.7K units)
- Germany (0.7K units)
- Malaysia (0.6K units)
Exports of Pen or Pencil Sets in South Korea
In 2022, shipments abroad of pen or pencil sets was finally on the rise to reach 650 units for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, faced a significant decrease. The exports peaked at 37K units in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
In value terms, pen or pencil sets exports soared to $207K in 2022. Over the period under review, exports, however, showed a precipitous slump. Over the period under review, the exports attained the maximum at $4.6M in 2019; however, from 2020 to 2022, the exports stood at a somewhat lower figure.
| Export of Pen or Pencil Sets in South Korea (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.2 | 19.8 | N/A | 126 | 757.3% |
| Canada | 0.4 | 1.4 | 36.4 | 44.9 | 382.4% |
| United States | 138 | 72.9 | 12.1 | 15.9 | -51.3% |
| Myanmar | N/A | N/A | N/A | 4.4 | 0% |
| Japan | 4,088 | 3,294 | 15.3 | 1.1 | -93.5% |
| Malaysia | 200 | 84.6 | 0.4 | N/A | -95.5% |
| Others | 126 | 67.0 | 9.2 | 14.9 | -50.9% |
| Total | 4,553 | 3,539 | 73.4 | 207 | -64.3% |
Top Export Markets for Pen or Pencil Sets from South Korea in 2022:
- Canada (328.0 units)
- China (194.0 units)
- United States (41.0 units)
- Myanmar (23.0 units)
- Japan (9.0 units)
- Malaysia (1.0 units)
This report provides an in-depth analysis of the market for pen or pencil sets in Republic of Korea. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 32991410 - Pen or pencil sets containing two or more writing instruments
Country coverage:
- South Korea
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Republic of Korea
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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