Romania: Calculator Market 2023

Calculator Market Size in Romania

In 2021, the Romanian calculator market decreased by -59.3% to $X, falling for the second year in a row after two years of growth. Overall, consumption faced a deep downturn. Calculator consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Romania

In 2021, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -97.1% to X units, falling for the second year in a row after two years of growth. In general, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 with an increase of 1,434% against the previous year. The exports peaked at X units in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, calculator exports dropped remarkably to $X in 2021. Overall, exports, however, saw a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 16,175%. Over the period under review, the exports attained the maximum at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Moldova (X units) was the main destination for calculator exports from Romania, accounting for a 58% share of total exports. Moreover, calculator exports to Moldova exceeded the volume sent to the second major destination, Hungary (X units), fivefold. The third position in this ranking was taken by Poland (X units), with a 10% share.

From 2012 to 2021, the average annual growth rate of volume to Moldova totaled +69.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+18.4% per year) and Poland (+29.6% per year).

In value terms, Moldova ($X) emerged as the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Romania, comprising 63% of total exports. The second position in the ranking was held by Poland ($X), with a 12% share of total exports. It was followed by the Netherlands, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Moldova amounted to +117.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Poland (+38.3% per year) and the Netherlands (+16.0% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, which is down by -5.2% against the previous year. In general, the export price, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 an increase of 2,069% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was the Czech Republic ($X per unit), while the average price for exports to Hungary ($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 Moldova (+28.5%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Romania

In 2021, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -47.7% to X units, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a abrupt decrease. The pace of growth was the most pronounced in 2018 with an increase of 64% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, calculator imports reduced sharply to $X in 2021. Overall, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 with an increase of 273% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Romania, accounting for a 41% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Hungary (X units), threefold. Spain (X units) ranked third in terms of total imports with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Hungary (+11.6% per year) and Spain (+2.2% per year).

In value terms, the largest calculator suppliers to Romania were Germany ($X), Hungary ($X) and Spain ($X), together comprising 51% of total imports. These countries were followed by China, Bulgaria, France, Italy, the Czech Republic, Slovakia and Turkey, which together accounted for a further 28%.

In terms of the main suppliers, Bulgaria, with a CAGR of +29.0%, 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

In 2021, the average calculator import price amounted to $X per unit, falling by -67.3% against the previous year. Overall, the import price recorded a pronounced decrease. The pace of growth appeared the most rapid in 2018 when the average import price increased by 127%. Over the period under review, average import prices reached the peak figure at $X per unit in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Turkey ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Czech Republic (+26.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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