Finland: Market for Pen Or Pencil Sets 2024

Exports of Pen Or Pencil Sets

Exports from Finland

In 2022, approx. X units of pen or pencil sets were exported from Finland; dropping by -81.2% compared with the previous year's figure. Overall, exports showed a pronounced slump. The most prominent rate of growth was recorded in 2019 when exports increased by 667% against the previous year. As a result, the exports attained the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, pen or pencil sets exports declined modestly to $X in 2022. Over the period under review, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2019 when exports increased by 710% against the previous year. As a result, the exports attained the peak of $X. From 2020 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Estonia (X units) was the main destination for pen or pencil sets exports from Finland, with a 67% share of total exports. Moreover, pen or pencil sets exports to Estonia exceeded the volume sent to the second major destination, the United States (X units), sixfold. Belarus (X units) ranked third in terms of total exports with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Estonia totaled +19.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (0.0% per year) and Belarus (0.0% per year).

In value terms, Belarus ($X) emerged as the key foreign market for pen or pencil sets exports from Finland, comprising 74% of total exports. The second position in the ranking was taken by the UK ($X), with a 13% share of total exports. It was followed by Estonia, with an 11% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Belarus was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (-80.7% per year) and Estonia (+28.0% per year).

Export Prices by Country

The average pen or pencil sets export price stood at $X per unit in 2022, rising by 430% against the previous year. In general, the export price continues to indicate significant growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Russia ($X 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 the UK (+255.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Pen Or Pencil Sets

Imports into Finland

Pen or pencil sets imports into Finland shrank slightly to X units in 2022, declining by -2.1% against 2021. Over the period under review, imports recorded a noticeable downturn. The most prominent rate of growth was recorded in 2018 with an increase of 95%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, pen or pencil sets imports rose to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 94% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Germany (X units) constituted the largest supplier of pen or pencil sets to Finland, with a 54% share of total imports. Moreover, pen or pencil sets imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), threefold. The third position in this ranking was taken by the Netherlands (X units), with a 6.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany amounted to +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-8.7% per year) and the Netherlands (-2.2% per year).

In value terms, Germany ($X), Japan ($X) and China ($X) constituted the largest pen or pencil sets suppliers to Finland, with a combined 72% share of total imports. The Netherlands, Italy, the UK, Sweden, Poland and Denmark lagged somewhat behind, together comprising a further 16%.

Italy, with a CAGR of +12.6%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average pen or pencil sets import price amounted to $X per unit, growing by 5.8% against the previous year. In general, import price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 increased by +38.0% against 2020 indices. The most prominent rate of growth was recorded in 2016 an increase of 43%. Over the period under review, average import prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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