Scandinavia: Ball Pen Refill Market 2024

Ball Pen Refill Market Size in Scandinavia

The Scandinavia ball pen refill market expanded significantly to $X in 2021, picking up by 8.8% against the previous year. Over the period under review, consumption continues to indicate significant growth. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Ball Pen Refill Production in Scandinavia

In value terms, ball pen refill production stood at $X in 2021 estimated in export price. In general, production posted a significant expansion. The pace of growth appeared the most rapid in 2018 with an increase of 122% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Ball Pen Refill Exports

Exports in Scandinavia

In 2021, shipments abroad of refills for ball-point pens decreased by -6.4% to X units, falling for the fourth consecutive year after three years of growth. Over the period under review, exports, however, posted a perceptible expansion. The most prominent rate of growth was recorded in 2016 when exports increased by 63%. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, ball pen refill exports surged to $X in 2021. In general, exports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2017 with an increase of 45% against the previous year. The level of export peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Sweden represented the key exporter of refills for ball-point pens in Scandinavia, with the volume of exports recording X units, which was approx. 77% of total exports in 2021. Denmark (X units) took a 17% share (based on physical terms) of total exports, which put it in second place, followed by Norway (6.7%).

From 2012 to 2021, average annual rates of growth with regard to ball pen refill exports from Sweden stood at +1.5%. At the same time, Norway (+51.7%) and Denmark (+16.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +51.7% from 2012-2021. While the share of Denmark (+11 p.p.) and Norway (+6.4 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Sweden (-17 p.p.) displayed negative dynamics.

In value terms, Sweden ($X) remains the largest ball pen refill supplier in Scandinavia, comprising 83% of total exports. The second position in the ranking was held by Denmark ($X), with a 12% share of total exports.

In Sweden, ball pen refill exports expanded at an average annual rate of +6.3% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Denmark (+16.1% per year) and Norway (+20.3% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2021, surging by 23% against the previous year. Overall, the export price saw a measured expansion. The most prominent rate of growth was recorded in 2018 when the export price increased by 44%. The level of export peaked in 2021 and is expected to retain growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Sweden ($X per unit), while Denmark ($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 (+4.8%), while the other leaders experienced a decline in the export price figures.

Ball Pen Refill Imports

Imports in Scandinavia

In 2021, purchases abroad of refills for ball-point pens increased by 29% to X units, rising for the fourth consecutive year after two years of decline. Total imports indicated a strong increase from 2012 to 2021: its volume increased at an average annual rate of +5.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +80.4% against 2017 indices. The growth pace was the most rapid in 2014 with an increase of 44%. The volume of import peaked in 2021 and is expected to retain growth in years to come.

In value terms, ball pen refill imports soared to $X in 2021. Overall, imports enjoyed a strong expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 43%. Over the period under review, imports attained the peak figure in 2021 and are likely to see gradual growth in years to come.

Imports by Country

Sweden represented the major importing country with an import of around X units, which reached 61% of total imports. Norway (X units) held a 14% share (based on physical terms) of total imports, which put it in second place, followed by Finland (13%) and Denmark (9.7%).

From 2012 to 2021, average annual rates of growth with regard to ball pen refill imports into Sweden stood at +5.9%. At the same time, Norway (+13.2%) and Finland (+10.9%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +13.2% from 2012-2021. Denmark experienced a relatively flat trend pattern. While the share of Norway (+6.5 p.p.) and Finland (+4.5 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-6.2 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) constitutes the largest market for imported refills for ball-point pens in Scandinavia, comprising 61% of total imports. The second position in the ranking was held by Norway ($X), with an 18% share of total imports. It was followed by Finland, with a 14% share.

In Sweden, ball pen refill imports increased at an average annual rate of +10.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+24.9% per year) and Finland (+23.0% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per unit, growing by 6.1% against the previous year. Import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, ball pen refill import price increased by +112.1% against 2016 indices. The growth pace was the most rapid in 2017 an increase of 56% against the previous year. The level of import peaked in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, 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 Finland (+10.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform