Scandinavia: Drawing Board Market 2024

Drawing Board Market Size in Scandinavia

In 2022, the Scandinavia drawing board market was finally on the rise to reach $X after four years of decline. In general, consumption, however, recorded a pronounced decrease. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market failed to regain momentum.

Drawing Board Production in Scandinavia

In value terms, drawing board production reached $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% over the period from 2012 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 when the production volume increased by 35% against the previous year. Over the period under review, production attained the maximum level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Drawing Board Exports

Exports in Scandinavia

For the third consecutive year, Scandinavia recorded decline in overseas shipments of slates and boards with writing or drawing surfaces, which decreased by -3.4% to X units in 2022. Total exports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +3.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -25.4% against 2019 indices. The pace of growth was the most pronounced in 2013 with an increase of 29% against the previous year. The volume of export peaked at X units in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, drawing board exports stood at $X in 2022. Total exports indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.4% 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 +11.4% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of 22%. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The shipments of the one major exporters of slates and boards with writing or drawing surfaces, namely Sweden, represented more than two-thirds of total export.

Sweden was also the fastest-growing in terms of the slates and boards with writing or drawing surfaces exports, with a CAGR of +3.4% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) also remains the largest drawing board supplier in Scandinavia.

From 2012 to 2022, the average annual growth rate of value in Sweden totaled +5.7%.

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, rising by 12% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The pace of growth appeared the most rapid in 2018 when the export price increased by 14% against the previous year. The level of export peaked in 2022 and is likely to see steady growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Sweden.

From 2012 to 2022, the rate of growth in terms of prices for Sweden amounted to +2.3% per year.

Drawing Board Imports

Imports in Scandinavia

In 2022, purchases abroad of slates and boards with writing or drawing surfaces decreased by -1.5% to X units, falling for the fourth consecutive year after five years of growth. In general, imports showed a noticeable curtailment. The most prominent rate of growth was recorded in 2016 with an increase of 9.9%. Over the period under review, imports attained the maximum at X units in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, drawing board imports rose slightly to $X in 2022. Overall, imports continue to indicate a slight shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 18%. The level of import peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Sweden (X units) represented the major importer of slates and boards with writing or drawing surfaces, generating 52% of total imports. It was distantly followed by Finland (X units) and Norway (X units), together comprising a 48% share of total imports.

Imports into Sweden decreased at an average annual rate of -4.4% from 2012 to 2022. Finland experienced a relatively flat trend pattern. Norway (-2.9%) illustrated a downward trend over the same period. While the share of Finland (+7.8 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sweden (-8.1 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X), Norway ($X) and Finland ($X) appeared to be the countries with the highest levels of imports in 2022.

Finland, with a CAGR of +0.3%, 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 a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Scandinavia amounted to $X per unit, surging by 4.3% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2021 an increase of 15%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Norway ($X per unit), while Sweden ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+2.7%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform