Philippines: Calculator Market 2024

Calculator Market Size in the Philippines

The Philippine calculator market reduced rapidly to $X in 2022, waning by X% against the previous year. In general, consumption continues to indicate a abrupt shrinkage. Calculator consumption peaked at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Calculator Production in the Philippines

In value terms, calculator production stood at $X in 2022 estimated in export price. Overall, the total production indicated a slight increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by X%. Calculator production peaked at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Join Us at HANNOVER MESSE 2024

Don’t miss your chance to connect with us directly. Schedule a personal meeting to dive deeper into how solutions.
Hall 002, Stand C10. 22 - 26 April 2024 | Hannover, Germany

Book Your Meeting

Calculator Exports

Exports from the Philippines

In 2022, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported from the Philippines soared to X units, with an increase of X% against the year before. In general, total exports indicated a buoyant expansion from 2015 to 2022: its volume increased at an average annual rate of X% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, calculator exports skyrocketed to $X in 2022. Over the period under review, total exports indicated notable growth from 2015 to 2022: its value increased at an average annual rate of X% over the last seven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 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 lower figure.

Exports by Country

The United States (X units) was the main destination for calculator exports from the Philippines, accounting for a X% share of total exports. Moreover, calculator exports to the United States exceeded the volume sent to the second major destination, Hong Kong SAR (X units), threefold. India (X units) ranked third in terms of total exports with a X% share.

From 2015 to 2022, the average annual growth rate of volume to the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and India (X% per year).

In value terms, the United States ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from the Philippines, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2015 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Netherlands (X% per year).

Export Prices by Country

In 2022, the average calculator export price amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, saw a abrupt shrinkage. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to China (X%), while the prices for the other major destinations experienced a decline.

Calculator Imports

Imports into the Philippines

After two years of decline, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by X% to X units in 2022. Over the period under review, imports enjoyed a moderate increase. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, calculator imports skyrocketed to $X in 2022. In general, imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2015 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) was the main calculator supplier to the Philippines, accounting for a X% share of total imports. It was followed by Hong Kong SAR (X units), with a X% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%.

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

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at X%.

Import Prices by Country

In 2022, the average calculator import price amounted to $X per unit, with an increase of X% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, calculator import price increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per unit), while the price for Hong Kong SAR amounted to $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (X%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :