Hungary: Calculator Market 2024

Calculator Market Size in Hungary

In 2022, the Hungarian calculator market increased by X% to $X, rising for the third consecutive year after two years of decline. Overall, consumption saw prominent growth. Over the period under review, the market reached the peak level in 2022 and is expected to retain growth in the immediate term.

Calculator Exports

Exports from Hungary

In 2022, after three years of growth, there was decline in overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, when their volume decreased by X% to X units. Overall, exports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, calculator exports reduced to $X in 2022. Over the period under review, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Romania (X units), Germany (X units) and Slovakia (X units) were the main destinations of calculator exports from Hungary, with a combined X% share of total exports. The Netherlands, Turkey, Bulgaria, Croatia and the Czech Republic lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Turkey (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Romania ($X), Germany ($X) and the Netherlands ($X) were the largest markets for calculator exported from Hungary worldwide, together comprising X% of total exports. Slovakia, Turkey, Croatia, the Czech Republic and Bulgaria lagged somewhat behind, together comprising a further X%.

Turkey, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of 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

In 2022, the average calculator export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, recorded a strong increase. The growth pace was the most rapid in 2014 an increase of X%. Over the period under review, the average export prices reached the maximum at $X per unit in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Bulgaria ($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 Croatia (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Calculator Imports

Imports into Hungary

In 2022, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were imported into Hungary; rising by X% on the previous year's figure. Overall, imports continue to indicate prominent growth. 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 reached the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, calculator imports expanded modestly to $X in 2022. Over the period under review, imports saw a buoyant expansion. The pace of growth was the most pronounced in 2013 with an increase of X%. Imports peaked at $X in 2017; however, from 2018 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of calculator to Hungary, with a X% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), sevenfold. The Czech Republic (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the Czech Republic (X% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Hungary, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by the Czech Republic, with an X% share.

From 2012 to 2022, the average annual growth rate of value from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

In 2022, the average calculator import price amounted to $X per unit, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 when the average import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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