Croatia: Calculator Market 2022

Calculator Market Size in Croatia

In 2021, after four years of growth, there was significant decline in the Croatian calculator market, when its value decreased by -27.4% to $X. In general, consumption showed a perceptible slump. Calculator consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Calculator Exports

Exports from Croatia

In 2021, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported from Croatia skyrocketed to X units, picking up by 49% on 2020 figures. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2013 when exports increased by 110%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, calculator exports surged to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2014 when exports increased by 171%. Over the period under review, the exports hit record highs in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Hungary (X units), Bosnia and Herzegovina (X units) and Slovenia (X units) were the main destinations of calculator exports from Croatia, with a combined 86% share of total exports. Austria, Montenegro and Serbia lagged somewhat behind, together comprising a further 11%.

From 2012 to 2021, the biggest increases were in Austria (with a CAGR of +173.8%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hungary ($X) remains the key foreign market for calculator exports from Croatia, comprising 48% of total exports. The second position in the ranking was held by Slovenia ($X), with a 15% share of total exports. It was followed by Montenegro, with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Hungary totaled +138.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+26.4% per year) and Montenegro (+67.4% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, approximately equating the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average export price increased by 60%. The export price peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Montenegro ($X per unit), while the average price for exports to Bosnia and Herzegovina ($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 Montenegro (+35.6%), while the prices for the other major destinations experienced mixed trend patterns.

Calculator Imports

Imports into Croatia

Calculator imports into Croatia contracted to X units in 2021, with a decrease of -9.4% compared with 2020. Overall, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 with an increase of 33% against the previous year. As a result, imports attained the peak of X units, and then contracted in the following year.

In value terms, calculator imports fell to $X in 2021. The total import value increased at an average annual rate of +1.5% from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 22% against the previous year. Over the period under review, imports attained the maximum at $X in 2020, and then contracted in the following year.

Imports by Country

In 2021, Germany (X units) constituted the largest supplier of calculator to Croatia, with a 46% share of total imports. Moreover, calculator imports from Germany exceeded the figures recorded by the second-largest supplier, China (X units), twofold. The third position in this ranking was taken by Hungary (X units), with a 9.6% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Germany amounted to +43.4%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-14.0% per year) and Hungary (+155.5% per year).

In value terms, Germany ($X) constituted the largest supplier of calculator to Croatia, comprising 50% of total imports. The second position in the ranking was taken by Hungary ($X), with a 19% share of total imports. It was followed by China, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany stood at +41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+213.2% per year) and China (-18.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, remaining constant against the previous year. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 an increase of 30%. As a result, import price attained the peak level of $X per unit. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Hungary ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hungary (+22.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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