U.S.: Calculator Market 2023

Calculator Market Size in the U.S.

The U.S. calculator market shrank to $X in 2021, reducing by -6.7% 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 continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2018 when the market value increased by 2.6%. Calculator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from the U.S.

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from the United States; waning by -15% compared with the previous year's figure. Overall, exports continue to indicate a drastic downturn. The most prominent rate of growth was recorded in 2018 with an increase of 15% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calculator exports fell significantly to $X in 2021. In general, exports saw a abrupt decline. The growth pace was the most rapid in 2018 when exports increased by 10%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Canada (X units) was the main destination for calculator exports from the United States, with a 75% share of total exports. Moreover, calculator exports to Canada exceeded the volume sent to the second major destination, Germany (X units), more than tenfold. Spain (X units) ranked third in terms of total exports with a 1.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Canada amounted to -4.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-4.1% per year) and Spain (+28.0% per year).

In value terms, Canada ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from the United States, comprising 59% of total exports. The second position in the ranking was held by Germany ($X), with a 3.4% share of total exports. It was followed by Mexico, with a 2.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Canada stood at -6.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (-11.7% per year) and Mexico (-22.8% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, stabilizing at the previous year. In general, the export price recorded a deep downturn. The pace of growth appeared the most rapid in 2017 an increase of 6.3%. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Brazil ($X per unit), while the average price for exports to Canada ($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 Dominican Republic (+4.2%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into the U.S.

For the third year in a row, the United States recorded decline in supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, which decreased by -12.5% to X units in 2021. In general, imports recorded a deep contraction. The pace of growth appeared the most rapid in 2014 with an increase of 11% against the previous year. Over the period under review, imports hit record highs at X units in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports dropped to $X in 2021. Overall, imports showed a deep reduction. The pace of growth appeared the most rapid in 2018 when imports increased by 2.4%. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

The Philippines (X units), China (X units) and Thailand (X units) were the main suppliers of calculator imports to the United States, with a combined 96% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the Philippines (with a CAGR of +94.2%), while imports for the other leaders experienced mixed trend patterns.

In value terms, the Philippines ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to the United States, comprising 51% of total imports. The second position in the ranking was held by China ($X), with a 19% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines amounted to +99.9%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-23.1% per year) and Thailand (+11.4% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, growing by 7.8% against the previous year. Over the period under review, the import price, however, continues to indicate a pronounced contraction. The pace of growth was the most pronounced in 2019 when the average import price increased by 11%. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, 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 the Philippines (+2.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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