Sweden: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in Sweden

In 2022, the Swedish pen or pencil sets market increased by 0.6% to $X, rising for the second year in a row after five years of decline. Overall, consumption, however, continues to indicate a abrupt slump. Pen or pencil sets consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in Sweden

In value terms, pen or pencil sets production fell to $X in 2022 estimated in export price. Overall, production continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2021 when the production volume increased by 12% against the previous year. Over the period under review, production hit record highs at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Exports of Pen Or Pencil Sets

Exports from Sweden

In 2022, after four years of growth, there was decline in shipments abroad of pen or pencil sets, when their volume decreased by -4.8% to X units. In general, exports showed a abrupt slump. The most prominent rate of growth was recorded in 2019 when exports increased by 255% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

In value terms, pen or pencil sets exports contracted notably to $X in 2022. Over the period under review, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 with an increase of 95%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

Exports by Country

Norway (X units), Finland (X units) and Denmark (X units) were the main destinations of pen or pencil sets exports from Sweden, with a combined 77% share of total exports. The United States, Latvia and the UK lagged somewhat behind, together comprising a further 18%. Moreover, pen or pencil sets exports in Norway exceeded the figures recorded by the second-largest exporter, Finland, twofold.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +48.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for pen or pencil sets exported from Sweden were the United States ($X), Norway ($X) and Finland ($X), with a combined 78% share of total exports.

Among the main countries of destination, the United States, with a CAGR of +73.1%, recorded the highest rates of growth with regard to the value of exports, 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, dropping by -19.3% against the previous year. Overall, the export price, however, enjoyed temperate growth. The most prominent rate of growth was recorded in 2014 an increase of 57% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Norway ($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 the United States (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into Sweden

In 2022, overseas purchases of pen or pencil sets increased by 48% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports, however, recorded a pronounced shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 199% against the previous year. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, pen or pencil sets imports surged to $X in 2022. In general, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 85% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of pen or pencil sets to Sweden, accounting for a 87% share of total imports. It was followed by Denmark (X units), with a 2.8% share of total imports. The third position in this ranking was taken by Poland (X units), with a 2.8% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at +1.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-9.1% per year) and Poland (+30.1% per year).

In value terms, China ($X) constituted the largest supplier of pen or pencil sets to Sweden, comprising 75% of total imports. The second position in the ranking was held by Romania ($X), with a 13% share of total imports. It was followed by Denmark, with a 2.7% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China amounted to +11.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Romania (-2.4% per year) and Denmark (-9.4% per year).

Import Prices by Country

In 2022, the average pen or pencil sets import price amounted to $X per unit, declining by -5.4% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.1% 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 decreased by -41.4% against 2020 indices. The most prominent rate of growth was recorded in 2013 an increase of 73%. The import price peaked at $X per unit in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Romania ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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