Malaysia: Calculator Market 2023

Calculator Market Size in Malaysia

In 2021, after two years of decline, there was significant growth in the Malaysian calculator market, when its value increased by 6.3% to $X. Over the period under review, consumption recorded a abrupt setback. Calculator consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Calculator Exports

Exports from Malaysia

In 2021, calculator exports from Malaysia declined rapidly to X units, with a decrease of -35.6% compared with 2020. Over the period under review, exports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2017 with an increase of 65%. As a result, the exports reached the peak of X units. From 2018 to 2021, the growth of the exports remained at a lower figure.

In value terms, calculator exports contracted sharply to $X in 2021. Overall, exports recorded a abrupt curtailment. The growth pace was the most rapid in 2013 when exports increased by 56%. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units) was the main destination for calculator exports from Malaysia, accounting for a 41% share of total exports. Moreover, calculator exports to the United States exceeded the volume sent to the second major destination, Italy (X units), threefold. The third position in this ranking was held by Singapore (X units), with a 4.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States stood at +3.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-16.8% per year) and Singapore (-1.6% per year).

In value terms, the largest markets for calculator exported from Malaysia were the United States ($X), Italy ($X) and the Netherlands ($X), together accounting for 48% of total exports. Brazil, Germany, Lebanon, Singapore, Indonesia, Pakistan and India lagged somewhat behind, together comprising a further 8.8%.

Lebanon, with a CAGR of +25.5%, saw 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 a decline.

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, declining by -13.7% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 when the average export price increased by 82% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was India ($X per unit), while the average price for exports to Singapore ($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 India (+46.6%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Malaysia

In 2021, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -6.6% to X units, falling for the third consecutive year after two years of growth. Over the period under review, imports faced a abrupt slump. The pace of growth was the most pronounced in 2018 when imports increased by 107% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, calculator imports surged to $X in 2021. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2015 with an increase of 44% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Malaysia, accounting for a 90% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+37.6% per year) and Hong Kong SAR (-36.9% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Malaysia, comprising 74% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+47.6% per year) and Hong Kong SAR (-34.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, picking up by 24% against the previous year. Overall, the import price saw a temperate increase. The most prominent rate of growth was recorded in 2016 an increase of 105%. As a result, import price attained the peak level of $X per unit. From 2017 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, 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 2021, the most notable rate of growth in terms of prices was attained by Thailand (+7.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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