Philippines: Calculator Market 2022

Calculator Market Size in the Philippines

The Philippine calculator market shrank to $X in 2021, reducing by -11.9% against the previous year. Overall, consumption, however, saw strong growth. As a result, consumption reached the peak level of $X. From 2018 to 2021, the growth of the market remained at a lower figure.

Calculator Production in the Philippines

In value terms, calculator production expanded to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.4% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2016 with an increase of 16% against the previous year. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2021, production failed to regain momentum.

Calculator Exports

Exports from the Philippines

Calculator exports from the Philippines soared to X units in 2021, growing by 28% against the previous year. Over the period under review, exports, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, calculator exports skyrocketed to $X in 2021. Overall, exports, however, saw a abrupt curtailment. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and India (X units) were the main destinations of calculator exports from the Philippines, with a combined 77% share of total exports. These countries were followed by the Netherlands, China, Japan, Germany and Malaysia, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +280.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for calculator exports from the Philippines, comprising 49% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +19.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (-17.7% per year) and the Netherlands (-9.9% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, which is down by -4.6% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average export price increased by 18%. Over the period under review, the average export prices attained the maximum at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to Hong Kong SAR ($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 Germany (+15.0%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into the Philippines

In 2021, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -73.5% to X units, falling for the second year in a row after eight years of growth. In general, imports, however, showed a slight increase. The growth pace was the most rapid in 2018 with an increase of 122%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports dropped notably to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible increase. The pace of growth appeared the most rapid in 2018 with an increase of 151% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calculator to the Philippines, with a 75% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fourfold. The third position in this ranking was taken by Japan (X units), with a 4.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +5.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-6.4% per year) and Japan (+26.7% per year).

In value terms, China ($X) constituted the largest supplier of calculator to the Philippines, comprising 59% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 24% share of total imports. It was followed by Japan, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China amounted to +6.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-1.0% per year) and Japan (+34.5% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, picking up by 12% against the previous year. Over the period under review, import price indicated a tangible expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% 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 import price increased by +20.3% against 2019 indices. The most prominent rate of growth was recorded in 2017 an increase of 26% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was Japan ($X per unit), while the price for Singapore ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+6.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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