Denmark: Calculator Market 2024

Calculator Market Size in Denmark

In 2021, the Danish calculator market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption saw a abrupt slump. Calculator consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Denmark

In 2021, overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -2.8% to X units, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a relatively flat trend pattern. The growth pace was the most rapid in 2019 when exports increased by 85%. As a result, the exports reached the peak of X units. From 2020 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, calculator exports rose remarkably to $X in 2021. In general, exports, however, saw a mild expansion. The most prominent rate of growth was recorded in 2015 with an increase of 100%. Over the period under review, the exports attained the peak figure in 2021 and are expected to retain growth in the near future.

Exports by Country

The United States (X units), Poland (X units) and Spain (X units) were the main destinations of calculator exports from Denmark, together accounting for 50% of total exports. These countries were followed by the Netherlands, Sweden, Norway, Finland, Hungary, Belgium, Germany, Austria and the Czech Republic, which together accounted for a further 43%.

From 2012 to 2021, the biggest increases were recorded for Hungary (with a CAGR of +117.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for calculator exported from Denmark were the United States ($X), Norway ($X) and Sweden ($X), together accounting for 74% of total exports. Poland, Finland, the Netherlands, Germany, Belgium, Hungary, Austria, the Czech Republic and Spain lagged somewhat behind, together accounting for a further 16%.

In terms of the main countries of destination, Hungary, with a CAGR of +129.4%, saw 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, rising by 8.4% against the previous year. Overall, the export price continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2018 an increase of 73% against the previous year. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in years to come.

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 Norway ($X per unit), while the average price for exports to Spain ($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 Norway (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Denmark

In 2021, purchases abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -6.5% to X units, falling for the third year in a row after two years of growth. Overall, imports showed a drastic downturn. The growth pace was the most rapid in 2018 with an increase of 44% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, calculator imports rose rapidly to $X in 2021. In general, imports saw a deep setback. Over the period under review, imports attained 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 calculator supplier to Denmark, accounting for a 42% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by Germany (X units), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to -14.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (-2.4% per year) and Germany (-5.2% per year).

In value terms, the largest calculator suppliers to Denmark were Sweden ($X), Germany ($X) and China ($X), together accounting for 62% of total imports. These countries were followed by the Czech Republic, France, the Netherlands and Poland, which together accounted for a further 22%.

Poland, with a CAGR of +83.2%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced mixed trend patterns.

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, increasing by 19% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 an increase of 60% against the previous year. The import price peaked at $X per unit in 2012; however, from 2013 to 2021, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Czech Republic ($X per unit), while the price for China ($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 (+3.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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