United Kingdom: Market for Pen Or Pencil Sets 2024

Market Size for Pen Or Pencil Sets in the UK

For the seventh consecutive year, the UK pen or pencil sets market recorded decline in sales value, which decreased by X% to $X in 2022. Overall, consumption showed a abrupt slump. Pen or pencil sets consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Production of Pen Or Pencil Sets in the UK

In value terms, pen or pencil sets production dropped notably to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2021 with an increase of X%. Pen or pencil sets production peaked at $X in 2012; however, from 2013 to 2022, production remained at a lower figure.

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Exports of Pen Or Pencil Sets

Exports from the UK

In 2022, approx. X units of pen or pencil sets were exported from the UK; declining by X% compared with the previous year's figure. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.

In value terms, pen or pencil sets exports fell dramatically to $X in 2022. Overall, exports showed a abrupt contraction. The growth pace was the most rapid in 2021 with an increase of X%. The exports peaked at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Ireland (X units) was the main destination for pen or pencil sets exports from the UK, with a X% share of total exports. Moreover, pen or pencil sets exports to Ireland exceeded the volume sent to the second major destination, Nigeria (X units), threefold. The third position in this ranking was held by the United States (X units), with an X% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Nigeria (X% per year) and the United States (X% per year).

In value terms, the largest markets for pen or pencil sets exported from the UK were Ireland ($X), the United States ($X) and France ($X), together accounting for X% of total exports. Nigeria, the United Arab Emirates, Sweden, Spain, the Netherlands, Iceland, Gambia, Gibraltar and Germany lagged somewhat behind, together accounting for a further X%.

Iceland, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main countries of destination 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, which is down by X% against the previous year. Over the period under review, the export price continues to indicate a mild slump. The pace of growth was the most pronounced in 2018 when the average export price increased by X%. Over the period under review, the average export prices attained the peak figure at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per unit), while the average price for exports to Gambia ($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 Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Pen Or Pencil Sets

Imports into the UK

In 2022, supplies from abroad of pen or pencil sets decreased by X% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2020 with an increase of X% 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 reached $X in 2022. In general, imports showed a pronounced descent. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) was the main supplier of pen or pencil sets to the UK, accounting for a X% share of total imports. It was followed by Germany (X units), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from China amounted to X%.

In value terms, China ($X) constituted the largest supplier of pen or pencil sets to the UK, comprising X% of total imports. The second position in the ranking was held by Germany ($X), with a X% share of total imports.

From 2012 to 2022, the average annual growth rate of value from China stood at X%.

Import Prices by Country

In 2022, the average pen or pencil sets import price amounted to $X per unit, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2015 an increase of X%. As a result, import price reached the peak level of $X per unit. From 2016 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for China stood at $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

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