Republic of Korea: Calculator Market 2024

Calculator Market Size in Republic of Korea

The South Korean calculator market shrank to $X in 2022, dropping by X% 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 showed a slight downturn. Calculator consumption peaked at $X in 2015; however, from 2016 to 2022, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Republic of Korea

After three years of growth, overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by X% to X units in 2022. In general, exports, however, showed a noticeable increase. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, calculator exports declined sharply to $X in 2022. Over the period under review, exports, however, recorded a moderate expansion. The growth pace was the most rapid in 2014 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

China (X units), Japan (X units) and the United States (X units) were the main destinations of calculator exports from South Korea, with a combined X% share of total exports. The Philippines lagged somewhat behind, accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Philippines (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

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

From 2012 to 2022, the average annual growth rate of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and China (X% per year).

Export Prices by Country

In 2022, the average calculator export price amounted to $X per unit, waning by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of X%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Philippines (X%), while the prices for the other major destinations experienced more modest paces of growth.

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Calculator Imports

Imports into Republic of Korea

In 2022, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were imported into South Korea; dropping by X% on 2021. Overall, imports saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at X units in 2015; however, from 2016 to 2022, imports stood at a somewhat lower figure.

In value terms, calculator imports fell to $X in 2022. Over the period under review, imports recorded a mild reduction. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

China (X units), the Philippines (X units) and Thailand (X units) were the main suppliers of calculator imports to South Korea, with a combined X% share of total imports.

From 2012 to 2022, the biggest increases were recorded for the Philippines (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest calculator suppliers to South Korea were China ($X), the Philippines ($X) and Thailand ($X), together comprising X% of total imports.

In terms of the main suppliers, the Philippines, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calculator import price stood at $X per unit in 2022, which is down by X% against the previous year. Overall, the import price saw a slight decline. The most prominent rate of growth was recorded in 2019 when the average import price increased by X% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from China ($X per unit) and Singapore ($X per unit), while the price for Thailand ($X per unit) and the Philippines ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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