Ballpoint pen refills market in Hungary

Earlier Report Observations

The Hungarian ballpoint pen refill market displayed considerable volatility from 2018 to 2024. The market volume began at 4.5 million units in 2018 and embarked on a growth trajectory, surpassing 6.1 million units in 2019 and eventually peaking at nearly 6.7 million units in 2022. This expansion was primarily driven by increased import volumes, which offset a declining domestic production trend over the same period.

A decisive downturn occurred in 2023, with the market contracting sharply by 37% to 4.2 million units. This decline coincided with a significant reduction in imports. The market showed signs of adjustment in 2024, partially recovering to 5.4 million units, yet it remained below the levels seen earlier in the period.

Production ballpoint pen refills in Hungary

In value, 2018-2021, $ US

Hungary's ballpoint pen refills production value rebounded after two years of decline. In 2021, output reached 78 791 US dollars, marking a sharp 25.1% increase compared to 2020. The lowest value was recorded in 2020 at 62 996 US dollars, following the largest decline of 17.3% in 2019.

Annual dynamics of production in Hungary in value, 2018-2021, $ US

In kind, 2018-2021, K unit

Hungary's ballpoint pen refills production volume recovered after a two-year fall. In 2021, 655.7 thousand units were produced, showing a robust 17.5% increase from 2020. The lowest volume was in 2020 at 558.2 thousand units, after the largest decline of 12.0% in 2019. Overall, from 2018 to 2021, production decreased by 6.3%, averaging a 2.1% annual decline.

Annual dynamics of production in Hungary in kind, 2018-2021, K unit

Exports ballpoint pen refills from Hungary

Exports in kind, K unit

Hungary's exports of ballpoint pen refills increased for the second consecutive year. In 2021, exports reached 614 thousand units, a small uptick of 2.9% from the previous year. The lowest volume was in 2019 at 512 thousand units, which saw the largest decline of 56.8%. However, exports rebounded in 2020 with a 16.6% increase. From 2018 to 2021, exports fell by 48.2%, averaging a 19.7% annual decrease.

Annual dynamics of product's exports from Hungary in kind, 2018-2021, K unit

From 2018 to 2021, three principal markets—Czechia, Slovakia, and Russia—together accounted for 89.6% of Hungary's total ballpoint pen refills exports in volume terms.

Structure of product's exports in kind by countries, 2018-2021

World map of product's exports from Hungary in kind, 2018-2021

Exports in value, K $ US

Hungary's ballpoint pen refills export value increased for the second year in a row. In 2021, exports amounted to 368.1 thousand US dollars, a substantial 13.5% advance from the previous year. The lowest value was in 2019 at 279.9 thousand US dollars, which experienced the largest decline of 6.2%. Exports then rose by 15.8% in 2020. Over the 2018-2021 period, exports grew by 23.4%, with a compound annual growth rate of 7.3%.

Annual dynamics of product's exports from Hungary in value, 2018-2021, K $ US

From 2018 to 2021, Czechia and Slovakia were the dominant destinations for Hungary's ballpoint pen refills exports in value terms, jointly accounting for 90.5% of total flows. The remaining volume was distributed among smaller markets.

Structure of product's exports in value by countries, 2018-2021

World map of product's exports from Hungary in value, 2018-2021

Imports ballpoint pen refills to Hungary

Imports in kind, K unit

Hungary's imports of ballpoint pen refills declined after two years of increase. In 2021, import volume was 5 856 thousand units, down 6.5% from 2020. The highest volume was recorded in 2020 at 6 263 thousand units, following the largest increase of 20.8% in 2019. Overall, from 2018 to 2021, imports rose by 17.7%, averaging a 5.6% annual growth.

Annual dynamics of product's imports to Hungary in kind, 2018-2021, K unit

From 2018 to 2021, India, China, and Germany stood out as the main sources for Hungary's ballpoint pen refills imports in volume terms, with shares of 54.4%, 22.0%, and 5.7%, respectively. Together, they represented 82.1% of total import flows.

Structure of product's imports in kind by countries, 2018-2021

World map of product's imports to Hungary in kind, 2018-2021

Imports in value, K $ US

In 2021, Hungary's imports of ballpoint pen refills in value terms reached 738.7 thousand US dollars, a 49.4% year-on-year increase. The lowest value was in 2020 at 494.5 thousand US dollars, which saw the largest decline of 26.4%. Over the 2018-2021 period, imports grew by 23.1%, with a compound annual growth rate of 7.2%.

Annual dynamics of product's imports to Hungary in value, 2018-2021, K $ US

From 2018 to 2021, France, Germany, and India formed the main cluster of markets for Hungary's ballpoint pen refills imports in value terms, with shares of 43.2%, 17.5%, and 12.8%, respectively. Combined, they accounted for 73.5% of total import flows.

Structure of product's imports in value by countries, 2018-2021

World map of product's imports to Hungary in value, 2018-2021