China: Calculator Market 2023

Calculator Market Size in China

The Chinese calculator market contracted to $X in 2021, with a decrease of -5.5% against the previous year. Overall, the total consumption indicated a buoyant expansion from 2012 to 2021: its value increased at an average annual rate of +9.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +15.0% against 2019 indices. Calculator consumption peaked at $X in 2020, and then declined in the following year.

Calculator Production in China

In value terms, calculator production reduced to $X in 2021 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 with an increase of 9.9%. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Calculator Exports

Exports from China

In 2021, after eight years of decline, there was significant growth in overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, when their volume increased by 11% to X units. Overall, exports, however, showed a abrupt shrinkage. Over the period under review, the exports attained the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calculator exports soared to $X in 2021. Over the period under review, exports, however, continue to indicate a deep setback. Over the period under review, the exports attained the peak figure at $X in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units), Brazil (X units) and Japan (X units) were the main destinations of calculator exports from China, together comprising 20% of total exports. These countries were followed by the Netherlands, Nigeria, the Philippines, India, Thailand, South Africa, Pakistan, Mexico, Germany and Indonesia, which together accounted for a further 29%.

From 2012 to 2021, the biggest increases were recorded for the Philippines (with a CAGR of +5.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calculator exported from China were the United States ($X), Japan ($X) and Germany ($X), with a combined 19% share of total exports. These countries were followed by the Netherlands, Brazil, the Philippines, Thailand, South Africa, Nigeria, India, Indonesia, Mexico and Pakistan, which together accounted for a further 25%.

Among the main countries of destination, the Philippines, with a CAGR of +15.7%, saw the highest growth rate of 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 calculator export price stood at $X per unit in 2021, growing by 8% against the previous year. Over the last nine years, it increased at an average annual rate of +1.3%. The pace of growth was the most pronounced in 2013 when the average export price increased by 10%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Pakistan ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (+9.3%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into China

After two years of decline, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 36% to X units in 2021. Overall, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 4,624% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, calculator imports skyrocketed to $X in 2021. Over the period under review, imports saw a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 734% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

The Philippines (X units) and Thailand (X units) were the main suppliers of calculator imports to China.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Thailand (with a CAGR of +127.3%).

In value terms, the largest calculator suppliers to China were the Philippines ($X) and Thailand ($X).

Thailand, with a CAGR of +123.7%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review.

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, reducing by -5% against the previous year. In general, the import price continues to indicate a dramatic slump. The pace of growth appeared the most rapid in 2016 when the average import price increased by 65%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Thailand ($X per unit), while the price for the Philippines stood at $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+5.4%).

Source: IndexBox Platform

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