Price for Pens; Nibs and Nib Points in the Philippines - 2023
Contents:
- Price for Pens; Nibs and Nib Points in the Philippines (CIF) - 2022
- Imports of Pens; Nibs and Nib Points in the Philippines
Price for Pens; Nibs and Nib Points in the Philippines (CIF) - 2022
In 2022, the average import price for pens; nibs and nib pointses amounted to $12 per thousand units, with a decrease of -2.1% against the previous year. Over the period under review, the import price recorded a noticeable shrinkage. The pace of growth appeared the most rapid in 2015 an increase of 7.6%. Over the period under review, average import prices reached the maximum at $15 per thousand units in 2012; however, from 2013 to 2022, import prices failed to regain momentum.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($12 per thousand units) and Malaysia ($12 per thousand units), while the price for Singapore ($12 per thousand units) and Germany ($12 per thousand units) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-1.7%), while the prices for the other major suppliers experienced a decline.
Imports of Pens; Nibs and Nib Points in the Philippines
In 2022, the amount of pens; nibs and nib pointses imported into the Philippines contracted to 7.1M units, with a decrease of -3.8% on 2021. Over the period under review, imports recorded a pronounced shrinkage. The pace of growth appeared the most rapid in 2021 when imports increased by 324% against the previous year. Imports peaked at 7.7M units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
In value terms, pens; nibs and nib points imports fell to $84K in 2022. Overall, imports showed a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of 282%. Imports peaked at $98K in 2019; however, from 2020 to 2022, imports remained at a lower figure.
| Import of Pens; Nibs and Nib Points in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 75.0 | N/A | 75.0 | 75.1 | 0.0% |
| Germany | 4.2 | 1.0 | 2.9 | 4.9 | 5.3% |
| Hong Kong SAR | 2.2 | 0.9 | 1.7 | 1.4 | -14.0% |
| Singapore | N/A | 13.0 | 0.6 | 1.3 | -68.4% |
| Japan | 0.3 | 1.7 | 0.8 | 1.3 | 63.0% |
| China | 4.9 | 0.5 | 6.2 | N/A | 12.5% |
| Italy | 10.8 | N/A | N/A | N/A | 0% |
| Others | 0.5 | 6.2 | 1.9 | N/A | 94.9% |
| Total | 97.8 | 23.3 | 89.1 | 83.9 | -5.0% |
Top Suppliers of Pens; Nibs and Nib Points to the Philippines in 2022:
- Malaysia (6.4M units)
- Germany (0.4M units)
- Japan (0.1M units)
- Hong Kong SAR (0.1M units)
- Singapore (0.1M units)
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