Calculator Market

The global market for electronic calculators and pocket-size data recording, reproducing, and displaying machines is expected to see continued growth, with a forecasted increase in market volume to 818M units by 2030. Consumption trends have been relatively flat, with fluctuations in certain years. China leads in both consumption and production of calculators, while the United States and Brazil show declining consumption rates. Imports and exports have shown some growth in recent years, with China being a major exporter of electronic calculators. Prices for these products have varied by type and country, with calculators capable of operation without an external power source dominating both imports and exports.

Market Forecast

Driven by increasing demand for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions worldwide, the market is expected to continue an upward consumption trend over the next eight years. Market performance is forecast to accelerate, expanding with an anticipated CAGR of +5.5% for the period from 2022 to 2030, which is projected to bring the market volume to 818M units by the end of 2030.

In value terms, the market is forecast to increase with an anticipated CAGR of +7.2% for the period from 2022 to 2030, which is projected to bring the market value to $3.6B (in nominal prices) by the end of 2030.

Consumption

World Consumption of Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions

In 2022, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions consumed worldwide declined modestly to 531M units, which is down by -3.5% compared with the previous year. In general, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, global consumption attained the maximum volume at 573M units in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

The global calculator market revenue fell modestly to $2B in 2022, reducing by -2.4% 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). The market value increased at an average annual rate of +1.5% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $2.9B. From 2016 to 2022, the growth of the global market failed to regain momentum.

Consumption By Country

The country with the largest volume of calculator consumption was China (375M units), comprising approx. 71% of total volume. Moreover, calculator consumption in China exceeded the figures recorded by the second-largest consumer, the United States (28M units), more than tenfold.

In China, calculator consumption expanded at an average annual rate of +7.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of consumption growth: the United States (-7.4% per year) and Brazil (-3.7% per year).

In value terms, China ($1.2B) led the market, alone. The second position in the ranking was held by the United States ($147M).

In China, the calculator market expanded at an average annual rate of +7.7% over the period from 2012-2022. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-4.3% per year) and Brazil (-1.8% per year).

In China, calculator per capita consumption increased at an average annual rate of +7.6% over the period from 2012-2022. In the other countries, the average annual rates were as follows: the United States (-8.0% per year) and Brazil (-4.3% per year).

Production

World Production of Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions

For the third consecutive year, the global market recorded growth in production of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, which increased by 0.1% to 599M units in 2022. Overall, production saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the production volume increased by 1.4% against the previous year. Global production peaked at 601M units in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

In value terms, calculator production totaled $1.9B in 2022 estimated in export price. In general, production showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 28% against the previous year. Global production peaked at $2.9B in 2017; however, from 2018 to 2022, production remained at a lower figure.

Production By Country

China (531M units) remains the largest calculator producing country worldwide, comprising approx. 89% of total volume. Moreover, calculator production in China exceeded the figures recorded by the second-largest producer, the Philippines (32M units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume in China was relatively modest. In the other countries, the average annual rates were as follows: the Philippines (+2.6% per year) and Thailand (+0.3% per year).

Imports

World Imports of Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions

In 2022, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 14% to 196M units, rising for the second year in a row after two years of decline. Over the period under review, imports, however, recorded a abrupt downturn. Over the period under review, global imports attained the peak figure at 355M units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, calculator imports expanded markedly to $986M in 2022. Overall, imports, however, continue to indicate a perceptible downturn. The growth pace was the most rapid in 2021 with an increase of 12%. Global imports peaked at $1.3B in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports By Country

In 2022, the United States (28M units), followed by Brazil (16M units) and China (14M units) were the largest importers of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, together comprising 30% of total imports. Hong Kong SAR (8.5M units), Mexico (7.6M units), the Netherlands (7.3M units), India (7M units), Germany (6.5M units), Russia (5.3M units), the UK (4.9M units), Malaysia (4.9M units), Japan (4.8M units) and France (4.2M units) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of +95.8%), while purchases for the other global leaders experienced mixed trends in the imports figures.

In value terms, the largest calculator importing markets worldwide were the United States ($164M), Germany ($93M) and France ($56M), with a combined 32% share of global imports. China, the Netherlands, Hong Kong SAR, India, Japan, the UK, Malaysia, Mexico, Russia and Brazil lagged somewhat behind, together comprising a further 28%.

In terms of the main importing countries, China, with a CAGR of +63.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Imports By Type

Calculators; electronic, capable of operation without an external source of electric power dominates imports structure, resulting at 185M units, which was approx. 94% of total imports in 2022. Calculating machines; electronic, (not incorporating a printing device), needing an external power source (8.6M units) held a minor share of total imports.

Calculators; electronic, capable of operation without an external source of electric power was also the fastest-growing in terms of imports, with a CAGR of -5.4% from 2012 to 2022. calculating machines; electronic, (not incorporating a printing device), needing an external power source (-10.5%) illustrated a downward trend over the same period. Calculators; electronic, capable of operation without an external source of electric power (+3.8 p.p.) significantly strengthened its position in terms of the global imports, while calculating machines; electronic, (not incorporating a printing device), needing an external power source saw its share reduced by -3% from 2012 to 2022, respectively.

In value terms, calculators; electronic, capable of operation without an external source of electric power ($837M) constitutes the largest type of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions imported worldwide, comprising 85% of global imports. The second position in the ranking was held by calculating machines; electronic, incorporating a printing device, needing an external source of power ($82M), with an 8.3% share of global imports.

For calculators; electronic, capable of operation without an external source of electric power, imports declined by an average annual rate of -2.4% over the period from 2012-2022. For the other products, the average annual rates were as follows: calculating machines; electronic, incorporating a printing device, needing an external source of power (-3.1% per year) and calculating machines; electronic, (not incorporating a printing device), needing an external power source (-6.6% per year).

Import Prices By Type

The average calculator import price stood at $5 per unit in 2022, declining by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The pace of growth was the most pronounced in 2020 an increase of 10%. Global import price peaked at $5.2 per unit in 2021, and then dropped slightly in the following year.

Prices varied noticeably by the product type; the product with the highest price was calculating machines; electronic, incorporating a printing device, needing an external source of power ($30 per unit), while the price for calculators; electronic, capable of operation without an external source of electric power ($4.5 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by calculating machines; electronic, incorporating a printing device, needing an external source of power (+7.9%), while the other products experienced more modest paces of growth.

Import Prices By Country

The average calculator import price stood at $5 per unit in 2022, reducing by -2.7% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2020 an increase of 10% against the previous year. Over the period under review, average import prices attained the peak figure at $5.2 per unit in 2021, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Germany ($14 per unit), while Brazil ($0.6 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+5.0%), while the other global leaders experienced more modest paces of growth.

Exports

World Exports of Electronic Calculators And Pocket-Size Data Recording, Reproducing And Displaying Machines With Calculating Functions

In 2022, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 20% to 264M units, rising for the second year in a row after two years of decline. In general, exports, however, recorded a pronounced descent. Over the period under review, the global exports attained the maximum at 426M units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, calculator exports amounted to $989M in 2022. Over the period under review, exports, however, showed a noticeable descent. Over the period under review, the global exports attained the peak figure at $1.2B in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports By Country

In 2022, China (170M units) was the major exporter of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, generating 64% of total exports. It was distantly followed by the Philippines (29M units), Thailand (17M units) and Hong Kong SAR (17M units), together making up a 24% share of total exports. The Netherlands (11M units) held a little share of total exports.

Exports from China decreased at an average annual rate of -7.0% from 2012 to 2022. At the same time, Thailand (+75.2%), the Netherlands (+12.7%) and the Philippines (+11.8%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing exporter exported in the world, with a CAGR of +75.2% from 2012-2022. By contrast, Hong Kong SAR (-9.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Philippines, Thailand and the Netherlands increased by +11, +6.5 and +3.5 percentage points, respectively.

In value terms, China ($374M) remains the largest calculator supplier worldwide, comprising 38% of global exports. The second position in the ranking was held by the Philippines ($131M), with a 13% share of global exports. It was followed by Hong Kong SAR, with an 8.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value in China stood at -5.4%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+4.2% per year) and Hong Kong SAR (-8.6% per year).

Exports By Type

Calculators; electronic, capable of operation without an external source of electric power prevails in exports structure, accounting for 249M units, which was near 94% of total exports in 2022. Calculating machines; electronic, (not incorporating a printing device), needing an external power source (11M units) and calculating machines; electronic, incorporating a printing device, needing an external source of power (4.5M units) held a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to calculators; electronic, capable of operation without an external source of electric power exports of stood at -4.1%. calculating machines; electronic, incorporating a printing device, needing an external source of power (-2.1%) and calculating machines; electronic, (not incorporating a printing device), needing an external power source (-12.6%) illustrated a downward trend over the same period. From 2012 to 2022, the share of calculators; electronic, capable of operation without an external source of electric power increased by +5.2 percentage points. The shares of the other products remained relatively stable throughout the analyzed period.

In value terms, calculators; electronic, capable of operation without an external source of electric power ($821M) remains the largest type of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions supplied worldwide, comprising 83% of global exports. The second position in the ranking was held by calculating machines; electronic, incorporating a printing device, needing an external source of power ($94M), with a 9.5% share of global exports.

For calculators; electronic, capable of operation without an external source of electric power, exports declined by an average annual rate of -1.6% over the period from 2012-2022. With regard to the other exported products, the following average annual rates of growth were recorded: calculating machines; electronic, incorporating a printing device, needing an external source of power (-1.8% per year) and calculating machines; electronic, (not incorporating a printing device), needing an external power source (-5.7% per year).

Export Prices By Type

In 2022, the average calculator export price amounted to $3.7 per unit, dropping by -5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 15%. As a result, the export price attained the peak level of $4 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exported products. In 2022, the product with the highest price was calculating machines; electronic, incorporating a printing device, needing an external source of power ($21 per unit), while the average price for exports of calculators; electronic, capable of operation without an external source of electric power ($3.3 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by calculating machines; electronic, (not incorporating a printing device), needing an external power source (+7.8%), while the other products experienced more modest paces of growth.

Export Prices By Country

In 2022, the average calculator export price amounted to $3.7 per unit, dropping by -5.3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.8%. The pace of growth appeared the most rapid in 2020 when the average export price increased by 15%. As a result, the export price attained the peak level of $4 per unit. From 2021 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was the Netherlands ($5.4 per unit), while China ($2.2 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+1.7%), while the other global leaders experienced mixed trends in the export price figures.

Source: IndexBox Market Intelligence Platform