Romania: Calculator Market 2022

Calculator Market Size in Romania

In 2021, the Romanian calculator market decreased by -70.1% to $X, falling for the second year in a row after two years of growth. In general, consumption saw a abrupt decline. Over the period under review, the market attained the maximum level at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Romania

After three years of growth, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -98.7% to X units in 2021. Over the period under review, exports recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 22,447% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2020, and then contracted significantly in the following year.

In value terms, calculator exports dropped significantly to $X in 2021. In general, exports continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 13,348% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X units) was the main destination for calculator exports from Romania, accounting for a 25% share of total exports. Moreover, calculator exports to the Netherlands exceeded the volume sent to the second major destination, Poland (X units), twofold. The third position in this ranking was held by Moldova (X units), with a 10% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to the Netherlands totaled +49.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+70.5% per year) and Moldova (+48.1% per year).

In value terms, Moldova ($X) emerged as the key foreign market for calculator exports from Romania, comprising 86% of total exports. The second position in the ranking was taken by Poland ($X), with a 16% share of total exports. It was followed by the Netherlands, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova totaled +5.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+17.7% per year) and the Netherlands (+16.4% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, picking up by 72% against the previous year. Over the period under review, the export price, however, recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 736% against the previous year. Over the period under review, the average export prices reached the maximum at $X per unit in 2018; however, from 2019 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Moldova ($X per unit), while the average price for exports to Cyprus ($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 Austria (+9.9%), while the prices for the other major destinations experienced mixed trend patterns.

Calculator Imports

Imports into Romania

After three years of growth, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -86.3% to X units in 2021. Overall, imports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2019 when imports increased by 188%. Over the period under review, imports hit record highs at X units in 2020, and then contracted sharply in the following year.

In value terms, calculator imports shrank sharply to $X in 2021. Over the period under review, imports saw a deep downturn. The growth pace was the most rapid in 2018 when imports increased by 273%. Imports peaked at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Spain (X units) and Hungary (X units) were the main suppliers of calculator imports to Romania, with a combined 66% share of total imports. These countries were followed by Germany, Bulgaria, France, Italy and Turkey, which together accounted for a further 25%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +58.1%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X), Hungary ($X) and Spain ($X) constituted the largest calculator suppliers to Romania, with a combined 51% share of total imports. China, Bulgaria, France, Italy and Turkey lagged somewhat behind, together accounting for a further 25%.

Bulgaria, with a CAGR of +29.5%, recorded the highest growth rate of the value of imports, among the main suppliers 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 2021, surging by 32% against the previous year. Overall, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2018 when the average import price increased by 153% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Germany ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.9%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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