Eastern Europe: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Eastern Europe

The East European pen or pencil sets market rose modestly to $X in 2022, picking up by 1.7% against the previous year. Over the period under review, consumption saw a abrupt contraction. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in Eastern Europe

In value terms, pen or pencil sets production surged to $X in 2022 estimated in export price. In general, production, however, recorded a abrupt contraction. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports in Eastern Europe

In 2022, overseas shipments of pen or pencil sets increased by 14% to X units, rising for the second consecutive year after two years of decline. Total exports indicated a resilient increase from 2012 to 2022: its volume increased at an average annual rate of +5.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 45% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, pen or pencil sets exports contracted modestly to $X in 2022. Total exports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +38.3% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 44% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Poland represented the main exporting country with an export of around X units, which accounted for 40% of total exports. It was distantly followed by Hungary (X units), Russia (X units), Belarus (X units) and the Czech Republic (X units), together achieving a 50% share of total exports. Estonia (X units) and Latvia (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to pen or pencil sets exports from Poland stood at +20.5%. At the same time, Belarus (+45.8%), Russia (+19.2%), Hungary (+11.0%) and Latvia (+2.1%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +45.8% from 2012-2022. By contrast, the Czech Republic (-1.6%) and Estonia (-14.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Poland, Russia, Belarus and Hungary increased by +30, +9.9, +8.6 and +7.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Poland ($X) remains the largest pen or pencil sets supplier in Eastern Europe, comprising 48% of total exports. The second position in the ranking was taken by the Czech Republic ($X), with a 19% share of total exports. It was followed by Hungary, with a 14% share.

In Poland, pen or pencil sets exports expanded at an average annual rate of +18.0% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the Czech Republic (+5.6% per year) and Hungary (+6.2% per year).

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per unit, which is down by -15.9% against the previous year. In general, the export price showed a noticeable curtailment. The pace of growth appeared the most rapid in 2013 when the export price increased by 19%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Estonia (+11.5%), while the other leaders experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports in Eastern Europe

Pen or pencil sets imports dropped to X units in 2022, shrinking by -6.2% against the previous year. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when imports increased by 51%. As a result, imports reached the peak of X units. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, pen or pencil sets imports shrank to $X in 2022. Total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2013 with an increase of 46%. The level of import peaked at $X in 2021, and then fell in the following year.

Imports by Country

Russia (X units) and Poland (X units) represented the major importers of pen or pencil sets in 2022, accounting for approx. 36% and 26% of total imports, respectively. Belarus (X units) ranks next in terms of the total imports with an 8.7% share, followed by Romania (6.8%) and Hungary (4.8%). The following importers - the Czech Republic (X units) and Ukraine (X units) - each reached an 8.2% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Poland (with a CAGR of +11.9%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest pen or pencil sets importing markets in Eastern Europe were Poland ($X), Russia ($X) and Romania ($X), with a combined 69% share of total imports.

Poland, with a CAGR of +11.3%, recorded 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 leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in Eastern Europe amounted to $X per unit, reducing by -7.5% against the previous year. Import price indicated a measured increase from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, pen or pencil sets import price decreased by -18.3% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the import price increased by 41%. The level of import peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while Ukraine ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ukraine (+4.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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