Retail current value sales of luxury writing instruments and stationery plunged by almost a third during 2020 and recovered only marginally in 2021. Luxury writing instruments are a popular gift in Spain, but COVID-19 has led to a reduction in the frequency of social events, and those events that do take place tend to be much smaller than before the onset of the pandemic.
Inbound international tourists are a significant source of demand for luxury writing instruments and stationery in Spain, with visitors from Asia, Latin America and Russia particularly prominent in this regard. However, this source of demand all-but collapsed during 2020 due to pandemic restrictions, and it remained quite subdued in 2021.
In general, only consumers who are accustomed to using luxury writing instruments and stationery have continued to purchase them since the onset of the pandemic. With very new consumers being attracted to this category, brands are betting on limited edition product launches targeted at collectors.
While the rate of growth in retail current value sales of luxury writing instruments and stationery will accelerate during 2022, in constant terms, retail value sales will remain below the pre-pandemic level even at the end of the forecast period. A recovery in inbound international tourism and an improved domestic economic environment will be the main drivers of this growth.
Some support to demand for luxury writing instruments and stationery will be provided by the fact that calligraphy is growing in popularity as a hobby among local consumers. Some specialist retailers, such as Estilográficas Sacristán, now offer calligraphy courses.
On the other hand, the ever-increasing use of smartphones, tablets and computers means that many local consumers, particularly younger ones, increasingly view luxury writing instruments and stationery as anachronistic. Luxury writing instruments were once perceived as a status symbol, but this is no longer the case – at least among younger consumers.
Files are delivered directly into your account soon after payment is received and any tax is certification is verified (where applicable).
Understand the latest market trends and future growth opportunities for the Luxury Writing Instruments and Stationery industry in Spain with research from Euromonitor International's team of in-country analysts – experts by industry and geographic specialisation.
Key trends are clearly and succinctly summarised alongside the most current research data available. Understand and assess competitive threats and plan corporate strategy with our qualitative analysis, insight and confident growth projections.
If you're in the Luxury Writing Instruments and Stationery industry in Spain, our research will help you to make informed, intelligent decisions; to recognise and profit from opportunity, or to offer resilience amidst market uncertainty.
This report originates from Passport, our Luxury Writing Instruments and Stationery research and analysis database.
If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Home Page