Asia: Calculator Market 2023

Calculator Market Size in Asia

The Asian calculator market rose sharply to $X in 2021, surging by 8.4% against the previous year. The market value increased at an average annual rate of +4.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. Over the period under review, the market hit record highs in 2021 and is expected to retain growth in the immediate term.

Calculator Production in Asia

In value terms, calculator production stood at $X in 2021 estimated in export price. Over the period under review, production, however, showed a perceptible shrinkage. The most prominent rate of growth was recorded in 2019 when the production volume increased by 13%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Calculator Exports

Exports in Asia

In 2021, calculator exports in Asia skyrocketed to X units, increasing by 15% against the previous year's figure. Overall, exports, however, showed a abrupt descent. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calculator exports skyrocketed to $X in 2021. In general, exports, however, saw a deep reduction. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China was the largest exporting country with an export of about X units, which finished at 73% of total exports. The Philippines (X units) took a 13% share (based on physical terms) of total exports, which put it in second place, followed by Hong Kong SAR (6.1%) and Thailand (5.7%).

From 2012 to 2021, average annual rates of growth with regard to calculator exports from China stood at -9.5%. At the same time, Thailand (+96.7%) and the Philippines (+30.7%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in Asia, with a CAGR of +96.7% from 2012-2021. By contrast, Hong Kong SAR (-13.8%) illustrated a downward trend over the same period. While the share of the Philippines (+13 p.p.) and Thailand (+5.7 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Hong Kong SAR (-5.2 p.p.) and China (-13.7 p.p.) displayed negative dynamics.

In value terms, China ($X) remains the largest calculator supplier in Asia, comprising 59% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 19% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in China totaled -8.3%. In the other countries, the average annual rates were as follows: the Philippines (-0.5% per year) and Hong Kong SAR (-11.5% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, increasing by 5.3% against the previous year. Over the last nine years, it increased at an average annual rate of +1.7%. The most prominent rate of growth was recorded in 2016 an increase of 8.9%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+2.7%), while the other leaders experienced mixed trends in the export price figures.

Calculator Imports

Imports in Asia

In 2021, after two years of decline, there was significant growth in supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, when their volume increased by 30% to X units. In general, imports, however, continue to indicate a deep reduction. Over the period under review, imports attained the peak figure at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports skyrocketed to $X in 2021. Over the period under review, imports, however, saw a deep downturn. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Hong Kong SAR (X units) and China (X units) were the key importers of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions in Asia, together accounting for near 34% of total imports. India (X units) held a 9.1% share (based on physical terms) of total imports, which put it in second place, followed by Japan (8.4%), Thailand (5.1%), Vietnam (5%), Malaysia (4.9%), the United Arab Emirates (4.6%) and Bangladesh (4.6%). The Philippines (X units), South Korea (X units), Taiwan (Chinese) (X units) and Indonesia (X units) took a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +89.0%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest calculator importing markets in Asia were Hong Kong SAR ($X), China ($X) and Japan ($X), together comprising 48% of total imports.

China, with a CAGR of +49.9%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Asia stood at $X per unit in 2021, approximately equating the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.4%. The growth pace was the most rapid in 2016 when the import price increased by 15% against the previous year. The level of import peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Indonesia ($X per unit), while the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+13.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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