India: Calculator Market 2022

Calculator Market Size in India

In 2021, after three years of decline, there was significant growth in the Indian calculator market, when its value increased by 31% to $X. Over the period under review, consumption, however, recorded a deep contraction. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Calculator Production in India

In value terms, calculator production expanded notably to $X in 2021 estimated in export price. Over the period under review, production, however, saw a abrupt contraction. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2021, production stood at a somewhat lower figure.

Calculator Exports

Exports from India

Calculator exports from India surged to X units in 2021, growing by 152% compared with the previous year's figure. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, calculator exports surged to $X in 2021. Over the period under review, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bangladesh (X units) was the main destination for calculator exports from India, with a 44% share of total exports. Moreover, calculator exports to Bangladesh exceeded the volume sent to the second major destination, Sri Lanka (X units), twofold. Iraq (X units) ranked third in terms of total exports with a 7.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh stood at +112.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+46.7% per year) and Iraq (+66.3% per year).

In value terms, Bangladesh ($X) emerged as the key foreign market for calculator exports from India, comprising 51% of total exports. The second position in the ranking was taken by Sri Lanka ($X), with a 19% share of total exports. It was followed by Singapore, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Bangladesh amounted to +97.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+53.0% per year) and Singapore (+160.2% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, which is down by -13.7% against the previous year. Overall, the export price continues to indicate a perceptible contraction. The most prominent rate of growth was recorded in 2014 an increase of 48% against the previous year. The export price peaked at $X per unit in 2015; however, from 2016 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the UK ($X per unit), while the average price for exports to Guatemala ($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 UK (+7.1%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into India

In 2021, after three years of decline, there was significant growth in purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, when their volume increased by 33% to X units. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, imports hit record highs at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, calculator imports skyrocketed to $X in 2021. Overall, imports, however, recorded a abrupt decline. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X units) constituted the largest calculator supplier to India, with a 68% share of total imports. Moreover, calculator imports from the Philippines exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. The third position in this ranking was held by Thailand (X units), with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines amounted to +16.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+62.1% per year) and Thailand (+147.5% per year).

In value terms, the Philippines ($X) constituted the largest supplier of calculator to India, comprising 51% of total imports. The second position in the ranking was taken by Thailand ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines totaled +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+100.1% per year) and Hong Kong SAR (+60.3% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, rising by 5.4% against the previous year. Over the period under review, import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calculator import price increased by +105.1% against 2014 indices. The most prominent rate of growth was recorded in 2015 an increase of 62% against the previous year. The import price peaked in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+32.8%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Market Intelligence Platform

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