Malaysia: Calculator Market 2022

Calculator Market Size in Malaysia

The Malaysian calculator market expanded sharply to $X in 2021, surging by 11% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption continues to indicate a deep reduction. Over the period under review, the market attained the maximum level at $X in 2013; however, from 2014 to 2021, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Malaysia

In 2021, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -16.6% to X units, falling for the third year in a row after two years of growth. Overall, exports showed a perceptible downturn. The growth pace was the most rapid in 2014 when exports increased by 46% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

In value terms, calculator exports dropped to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 when exports increased by 38% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for calculator exports from Malaysia, with a 59% share of total exports. Moreover, calculator exports to the United States exceeded the volume sent to the second major destination, Thailand (X units), sevenfold. Indonesia (X units) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to the United States totaled +27.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (-3.9% per year) and Indonesia (-18.1% per year).

In value terms, the United States ($X) remains the key foreign market for calculator exports from Malaysia, comprising 77% of total exports. The second position in the ranking was taken by Italy ($X), with a 7.3% share of total exports. It was followed by Singapore, with a 3.8% share.

From 2012 to 2021, the average annual growth rate of value to the United States totaled +22.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-17.2% per year) and Singapore (+5.9% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, picking up by 9.7% against the previous year. Over the period under review, export price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calculator export price increased by +105.4% against 2018 indices. The most prominent rate of growth was recorded in 2019 when the average export price increased by 47%. Over the period under review, the average export prices reached the peak figure in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major export markets. In 2021, the country with the highest price was Italy ($X per unit), while the average price for exports to India ($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 Mexico (+42.8%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Malaysia

In 2021, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -4.9% to X units, falling for the third year in a row after two years of growth. Overall, imports saw a deep contraction. The most prominent rate of growth was recorded in 2018 with an increase of 76%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, calculator imports skyrocketed to $X in 2021. In general, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when imports increased by 37%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the main 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. Singapore (X units) ranked third in terms of total imports with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume from China totaled -10.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+25.9% per year) and Singapore (+4.7% per year).

In value terms, China ($X) constituted the largest supplier of calculator to Malaysia, comprising 77% of total imports. The second position in the ranking was taken by Thailand ($X), with a 15% share of total imports. It was followed by Singapore, with a 3.3% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -7.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+46.1% per year) and Singapore (-1.5% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, increasing by 21% against the previous year. Overall, import price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +2.2% 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 +43.7% against 2018 indices. The most prominent rate of growth was recorded in 2016 an increase of 23% against the previous year. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: 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 (+16.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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