Bangladesh: Calculator Market 2024

Calculator Market Size in Bangladesh

In 2021, the Bangladeshi calculator market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption posted a buoyant expansion. Calculator consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Calculator Exports

Exports from Bangladesh

In 2021, after three years of growth, there was significant decline in shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, when their volume decreased by -17.5% to X units. Over the period under review, exports, however, showed significant growth. The growth pace was the most rapid in 2015 when exports increased by 607% against the previous year. The exports peaked at X units in 2020, and then shrank significantly in the following year.

In value terms, calculator exports surged to $X in 2021. Overall, exports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2014 with an increase of 3,265%. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

Exports by Country

Malaysia (X units) was the main destination for calculator exports from Bangladesh, accounting for a 41% share of total exports. Moreover, calculator exports to Malaysia exceeded the volume sent to the second major destination, Slovakia (X units), fourfold.

From 2012 to 2021, the average annual growth rate of volume to Malaysia stood at +78.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+43.1% per year) and Poland (+13.5% per year).

In value terms, Malaysia ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Bangladesh, comprising 41% of total exports. The second position in the ranking was taken by Slovakia ($X), with a 12% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Malaysia stood at -3.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovakia (+42.0% per year) and Poland (+5.4% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, increasing by 57% against the previous year. In general, the export price, however, continues to indicate a deep contraction. The growth pace was the most rapid in 2014 an increase of 797% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2015 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per unit), while the average price for exports to Poland ($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 Slovakia (-0.8%), while the prices for the other major destinations experienced a decline.

Calculator Imports

Imports into Bangladesh

After four years of decline, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 44% to X units in 2021. In general, imports posted a measured increase. The pace of growth was the most pronounced in 2014 with an increase of 210% against the previous year. Imports peaked at X units in 2016; however, from 2017 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports skyrocketed to $X in 2021. Overall, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2014 when imports increased by 306%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) was the main calculator supplier to Bangladesh, accounting for a 97% share of total imports. It was followed by Hong Kong SAR (X units), with a 1.5% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +6.6%.

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Bangladesh, comprising 90% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 2.3% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +13.1%.

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, surging by 8.9% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% 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 increased by +28.2% against 2019 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 31% against the previous year. The import price peaked at $X per unit in 2015; however, from 2016 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Hong Kong SAR ($X per unit), while the price for China amounted to $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+7.1%).

Source: IndexBox Platform

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