Belgium: Calculator Market 2024

Calculator Market Size in Belgium

The Belgian calculator market fell to $X in 2021, declining by -12.3% 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). Over the period under review, consumption recorded a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Calculator Exports

Exports from Belgium

In 2021, shipments abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 16% to X units, rising for the second consecutive year after two years of decline. In general, exports, however, showed a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 128% against the previous year. Over the period under review, the exports attained the maximum at X units in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, calculator exports surged to $X in 2021. Overall, exports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2013 with an increase of 75%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

France (X units) was the main destination for calculator exports from Belgium, accounting for a 51% share of total exports. Moreover, calculator exports to France exceeded the volume sent to the second major destination, the Netherlands (X units), fourfold. Germany (X units) ranked third in terms of total exports with a 4.9% share.

From 2012 to 2021, the average annual growth rate of volume to France amounted to -20.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-9.4% per year) and Germany (-0.4% per year).

In value terms, France ($X), the Netherlands ($X) and Germany ($X) appeared to be the largest markets for calculator exported from Belgium worldwide, with a combined 61% share of total exports. These countries were followed by Luxembourg, Italy, Hungary, Spain, Romania, Poland and the Czech Republic, which together accounted for a further 14%.

Hungary, with a CAGR of +133.3%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, growing by 8.4% against the previous year. Over the period under review, the export price continues to indicate resilient growth. The growth pace was the most rapid in 2015 an increase of 261% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2017; however, from 2018 to 2021, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to Poland ($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 Italy (+9.1%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Belgium

In 2021, imports of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions into Belgium contracted slightly to X units, shrinking by -2.6% compared with the year before. In general, imports saw a abrupt decline. The pace of growth appeared the most rapid in 2020 with an increase of 56% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, calculator imports contracted slightly to $X in 2021. Over the period under review, imports recorded a deep downturn. The most prominent rate of growth was recorded in 2019 when imports increased by 77% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Italy (X units), China (X units) and the Netherlands (X units) were the main suppliers of calculator imports to Belgium.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Italy (with a CAGR of +167.2%), while imports for the other leaders experienced a decline.

In value terms, the largest calculator suppliers to Belgium were France ($X), China ($X) and the Netherlands ($X), with a combined 70% share of total imports. Italy and Germany lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Italy, with a CAGR of +110.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, with a decrease of -2% against the previous year. Overall, the import price, however, recorded mild growth. The growth pace was the most rapid in 2019 an increase of 124%. As a result, import price attained the peak level of $X per unit. From 2020 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+9.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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