Denmark: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Denmark

The Danish ball pen refill market rose notably to $X in 2021, surging by 14% against the previous year. Over the period under review, consumption recorded a prominent increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Ball Pen Refill Production in Denmark

In value terms, ball pen refill production contracted modestly to $X in 2021 estimated in export price. In general, production, however, continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2017 with an increase of 13%. Over the period under review, production attained the maximum level at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Ball Pen Refill Exports

Exports from Denmark

In 2021, ball pen refill exports from Denmark reduced rapidly to X units, dropping by -47.4% compared with the previous year. In general, exports, however, saw a prominent expansion. The pace of growth was the most pronounced in 2016 with an increase of 212%. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, ball pen refill exports surged to $X in 2021. Over the period under review, exports, however, continue to indicate a strong increase. The most prominent rate of growth was recorded in 2014 when exports increased by 331%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Norway (X units) was the main destination for ball pen refill exports from Denmark, with a 58% share of total exports. Moreover, ball pen refill exports to Norway exceeded the volume sent to the second major destination, Greenland (X units), threefold. The third position in this ranking was held by Sweden (X units), with a 15% share.

From 2012 to 2021, the average annual growth rate of volume to Norway totaled +20.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Greenland (+11.7% per year) and Sweden (+14.7% per year).

In value terms, the largest markets for ball pen refill exported from Denmark were Greenland ($X), Norway ($X) and Sweden ($X), together comprising 24% of total exports. These countries were followed by Germany, which accounted for a further 2.8%.

Germany, with a CAGR of +17.2%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average ball pen refill export price amounted to $X per unit, jumping by 181% against the previous year. In general, the export price, however, continues to indicate a relatively flat trend pattern. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Greenland ($X per unit), while the average price for exports to Norway ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (-5.1%), while the prices for the other major destinations experienced a decline.

Ball Pen Refill Imports

Imports into Denmark

In 2021, after two years of decline, there was significant growth in overseas purchases of refills for ball-point pens, when their volume increased by 16% to X units. Overall, imports showed a relatively flat trend pattern. The growth pace was the most rapid in 2018 with an increase of 74% against the previous year. As a result, imports reached the peak of X units. From 2019 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, ball pen refill imports declined rapidly to $X in 2021. In general, imports, however, continue to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in 2018 when imports increased by 83% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Japan (X units) constituted the largest ball pen refill supplier to Denmark, accounting for a 58% share of total imports. Moreover, ball pen refill imports from Japan exceeded the figures recorded by the second-largest supplier, Sweden (X units), threefold. Poland (X units) ranked third in terms of total imports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Japan amounted to +61.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-2.5% per year) and Poland (+88.5% per year).

In value terms, Sweden ($X), Japan ($X) and Poland ($X) were the largest ball pen refill suppliers to Denmark, with a combined 90% share of total imports.

Poland, with a CAGR of +88.9%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average ball pen refill import price stood at $X per unit in 2021, dropping by -27.6% against the previous year. Over the period under review, the import price saw a perceptible downturn. The pace of growth appeared the most rapid in 2020 when the average import price increased by 67%. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Sweden ($X per unit), while the price for Japan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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