Scandinavia: Encased Lead Pencil Market 2024

Encased Lead Pencil Market Size in Scandinavia

The Scandinavia encased lead pencil market rose modestly to $X in 2021, surging by 1.5% against the previous year. In general, consumption showed a buoyant expansion. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Encased Lead Pencil Production in Scandinavia

In value terms, encased lead pencil production expanded modestly to $X in 2021 estimated in export price. Over the period under review, production saw strong growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 129%. The level of production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Encased Lead Pencil Exports

Exports in Scandinavia

In 2021, overseas shipments of pencils and crayons with leads encased in a rigid sheath increased by 25% to X units for the first time since 2018, thus ending a two-year declining trend. Total exports indicated resilient growth from 2012 to 2021: its volume increased at an average annual rate of +5.4% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, encased lead pencil exports surged to $X in 2021. In general, exports saw a resilient increase. The most prominent rate of growth was recorded in 2019 with an increase of 57%. The level of export peaked in 2021 and is expected to retain growth in years to come.

Exports by Country

In 2021, Denmark (X units) was the key exporter of pencils and crayons with leads encased in a rigid sheath, generating 73% of total exports. It was distantly followed by Sweden (X units), creating a 26% share of total exports.

Denmark was also the fastest-growing in terms of the pencils and crayons with leads encased in a rigid sheath exports, with a CAGR of +20.0% from 2012 to 2021. Sweden (-6.4%) illustrated a downward trend over the same period. Denmark (+50 p.p.) significantly strengthened its position in terms of the total exports, while Sweden saw its share reduced by -49.9% from 2012 to 2021, respectively.

In value terms, Denmark ($X) remains the largest encased lead pencil supplier in Scandinavia, comprising 78% of total exports. The second position in the ranking was held by Sweden ($X), with a 22% share of total exports.

In Denmark, encased lead pencil exports expanded at an average annual rate of +21.4% over the period from 2012-2021.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, dropping by -7.2% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +2.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, encased lead pencil export price decreased by -10.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 71% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2020 to 2021, the export prices remained at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2021, the country with the highest price was Denmark ($X per unit), while Sweden stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+1.4%).

Encased Lead Pencil Imports

Imports in Scandinavia

In 2021, overseas purchases of pencils and crayons with leads encased in a rigid sheath decreased by -24.8% to X units, falling for the second year in a row after eight years of growth. Over the period under review, imports, however, showed a resilient expansion. The growth pace was the most rapid in 2018 with an increase of 51% against the previous year. The volume of import peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, encased lead pencil imports reached $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 18% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Denmark (X units) was the main importer of pencils and crayons with leads encased in a rigid sheath, committing 64% of total imports. Sweden (X units) ranks second in terms of the total imports with a 15% share, followed by Finland (11%) and Norway (8.4%).

Denmark was also the fastest-growing in terms of the pencils and crayons with leads encased in a rigid sheath imports, with a CAGR of +16.2% from 2012 to 2021. At the same time, Finland (+5.0%) displayed positive paces of growth. Norway experienced a relatively flat trend pattern. By contrast, Sweden (-6.7%) illustrated a downward trend over the same period. While the share of Denmark (+37 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Norway (-4.7 p.p.) and Sweden (-31.5 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest encased lead pencil importing markets in Scandinavia were Denmark ($X), Sweden ($X) and Norway ($X), with a combined 82% share of total imports.

Denmark, with a CAGR of +7.3%, recorded the highest rates of growth with regard to the value of imports, among 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 2021, the import price in Scandinavia amounted to $X per unit, with an increase of 46% against the previous year. In general, the import price, however, continues to indicate a pronounced slump. The most prominent rate of growth was recorded in 2020 an increase of 57% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per unit), while Denmark ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+3.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform