Russian Federation: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in the Russian Federation

The Russian pen or pencil sets market expanded modestly to $X in 2022, growing by 2.8% against the previous year. In general, consumption, however, showed a abrupt decline. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in the Russian Federation

In value terms, pen or pencil sets production soared to $X in 2022 estimated in export price. In general, production, however, showed a drastic downturn. Pen or pencil sets production peaked at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Exports of Pen Or Pencil Sets

Exports from the Russian Federation

In 2022, overseas shipments of pen or pencil sets decreased by -8.6% to X units for the first time since 2017, thus ending a four-year rising trend. Over the period under review, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2014 when exports increased by 120% against the previous year. Over the period under review, the exports hit record highs at X units in 2021, and then fell in the following year.

In value terms, pen or pencil sets exports dropped to $X in 2022. Overall, exports, however, posted a strong expansion. The pace of growth was the most pronounced in 2014 with an increase of 124%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Kazakhstan (X units), Ukraine (X units) and Belarus (X units) were the main destinations of pen or pencil sets exports from Russia, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Ukraine (with a CAGR of +117.5%), while the other leaders experienced more modest paces of growth.

In value terms, Belarus ($X), Kazakhstan ($X) and Ukraine ($X) were the largest markets for pen or pencil sets exported from Russia worldwide, with a combined 95% share of total exports. These countries were followed by Armenia and Kyrgyzstan, which together accounted for a further 4.6%.

Armenia, with a CAGR of +82.0%, saw the highest rates of growth with regard to the value of exports, in terms of 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

The average pen or pencil sets export price stood at $X per unit in 2022, rising by 3% against the previous year. In general, the export price, however, saw a deep downturn. The most prominent rate of growth was recorded in 2017 an increase of 29% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belarus ($X per unit), while the average price for exports to Armenia ($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 Belarus (+7.2%), while the prices for the other major destinations experienced a decline.

Imports of Pen Or Pencil Sets

Imports into the Russian Federation

In 2022, overseas purchases of pen or pencil sets increased by 5.7% to X units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 131% against the previous year. As a result, imports attained the peak of X units. From 2014 to 2022, the growth of imports failed to regain momentum.

In value terms, pen or pencil sets imports contracted to $X in 2022. In general, imports enjoyed a measured expansion. The pace of growth appeared the most rapid in 2013 with an increase of 156% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, Belarus (X units) constituted the largest pen or pencil sets supplier to Russia, with a 78% share of total imports. Moreover, pen or pencil sets imports from Belarus exceeded the figures recorded by the second-largest supplier, China (X units), fourfold.

From 2012 to 2022, the average annual growth rate of volume from Belarus stood at +89.0%.

In value terms, China ($X) constituted the largest supplier of pen or pencil sets to Russia, comprising 80% of total imports. The second position in the ranking was taken by Belarus ($X), with a 14% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +5.9%.

Import Prices by Country

In 2022, the average pen or pencil sets import price amounted to $X per unit, which is down by -16.1% against the previous year. In general, import price indicated perceptible growth from 2012 to 2022: its price increased at an average annual rate of +4.3% 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 +35.2% against 2016 indices. The pace of growth was the most pronounced in 2015 an increase of 24%. Over the period under review, average import prices reached the maximum at $X per unit in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Belarus stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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