Thailand: Calculator Market 2022

Calculator Market Size in Thailand

In 2021, the Thai calculator market decreased by -6.6% to $X, falling for the second consecutive year after four years of growth. In general, consumption recorded a drastic downturn. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Calculator Production in Thailand

In value terms, calculator production contracted to $X in 2021 estimated in export price. In general, production, however, showed a buoyant increase. The pace of growth appeared the most rapid in 2016 when the production volume increased by 159% against the previous year. As a result, production attained the peak level of $X. From 2017 to 2021, production growth failed to regain momentum.

Calculator Exports

Exports from Thailand

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from Thailand; almost unchanged from 2020 figures. In general, exports, however, recorded a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 784% against the previous year. Over the period under review, the exports hit record highs at X units in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, calculator exports stood at $X in 2021. Overall, exports, however, posted a significant increase. The growth pace was the most rapid in 2014 when exports increased by 432%. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Hong Kong SAR (X units), Germany (X units) and the United States (X units) were the main destinations of calculator exports from Thailand, together accounting for 74% of total exports.

From 2012 to 2021, the biggest increases were in Germany (with a CAGR of +241.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Hong Kong SAR ($X), Germany ($X) and the United States ($X) were the largest markets for calculator exported from Thailand worldwide, together accounting for 76% of total exports. These countries were followed by Vietnam, India, Spain and Mexico, which together accounted for a further 21%.

Among the main countries of destination, Mexico, with a CAGR of +277.3%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, approximately mirroring the previous year. Over the period under review, the export price, however, faced a deep setback. The pace of growth was the most pronounced in 2013 an increase of 70%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2021, the the average export prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Germany ($X per unit), while the average price for exports to India ($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 the United Arab Emirates (+1.3%), while the prices for the other major destinations experienced mixed trend patterns.

Calculator Imports

Imports into Thailand

In 2021, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 21% to X units, rising for the second consecutive year after seven years of decline. In general, imports, however, saw a abrupt decline. The growth pace was the most rapid in 2020 with an increase of 45%. Imports peaked at X units in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, calculator imports soared to $X in 2021. Overall, imports, however, showed a perceptible setback. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calculator to Thailand, with a 85% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), sevenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -10.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+342.5% per year) and Malaysia (+20.3% per year).

In value terms, China ($X) constituted the largest supplier of calculator to Thailand, comprising 67% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 27% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+233.5% per year) and Malaysia (+22.8% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, rising by 3.8% against the previous year. Overall, import price indicated resilient growth from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calculator import price decreased by -35.8% against 2019 indices. The most prominent rate of growth was recorded in 2019 when the average import price increased by 55% against the previous year. As a result, import price reached the peak level of $X per unit. From 2020 to 2021, the average import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was the Philippines ($X per unit), while the price for China ($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 (+2.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Market Intelligence Platform

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