Scandinavia: Hand Stamp Market 2024

Hand Stamp Market Size in Scandinavia

The Scandinavia hand stamp market contracted modestly to $X in 2022, reducing by -4.3% against the previous year. Overall, consumption saw a pronounced curtailment. The level of consumption peaked at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.

Hand Stamp Production in Scandinavia

In value terms, hand stamp production reduced to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt contraction. The growth pace was the most rapid in 2019 when the production volume increased by 49%. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Hand Stamp Exports

Exports in Scandinavia

In 2022, overseas shipments of stamps for use in the hand increased by 20% to X units, rising for the second year in a row after three years of decline. Overall, exports, however, recorded a deep reduction. The growth pace was the most rapid in 2016 with an increase of 72% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, hand stamp exports amounted to $X in 2022. In general, exports, however, saw a abrupt slump. The pace of growth was the most pronounced in 2021 with an increase of 28% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Sweden dominates exports structure, resulting at X units, which was near 93% of total exports in 2022. It was distantly followed by Norway (X units), comprising a 4.6% share of total exports. Finland (X units) took a relatively small share of total exports.

Exports from Sweden decreased at an average annual rate of -18.5% from 2012 to 2022. Norway (-5.2%) and Finland (-10.8%) illustrated a downward trend over the same period. While the share of Norway (+3.6 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Sweden (-4.6 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Sweden ($X) remains the largest hand stamp supplier in Scandinavia, comprising 92% of total exports. The second position in the ranking was held by Norway ($X), with a 4.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Sweden stood at -16.9%. The remaining exporting countries recorded the following average annual rates of exports growth: Norway (-7.6% per year) and Finland (-5.7% per year).

Export Prices by Country

The export price in Scandinavia stood at $X per unit in 2022, dropping by -5% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, hand stamp export price increased by +67.5% against 2018 indices. The pace of growth appeared the most rapid in 2013 when the export price increased by 46%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Finland ($X per unit), while Norway ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Finland (+5.7%), while the other leaders experienced mixed trends in the export price figures.

Hand Stamp Imports

Imports in Scandinavia

In 2022, supplies from abroad of stamps for use in the hand increased by 4.5% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 25% against the previous year. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

In value terms, hand stamp imports shrank modestly to $X in 2022. Overall, imports, however, showed a mild curtailment. The pace of growth was the most pronounced in 2021 when imports increased by 54%. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

Sweden (X units) and Norway (X units) represented the largest importers of stamps for use in the hand in 2022, resulting at approx. 44% and 30% of total imports, respectively. It was distantly followed by Finland (X units), making up a 26% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Finland (with a CAGR of +0.0%), while imports for the other leaders experienced a decline in the imports figures.

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

Sweden, with a CAGR of +0.9%, saw the highest growth rate of 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, declining by -6.7% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. As a result, import price reached the peak level of $X per unit, and then dropped in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sweden ($X per unit), while Finland ($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 (+3.9%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform