Finland: Calculator Market 2024

Calculator Market Size in Finland

In 2021, the Finnish calculator market increased by 134% to $X, rising for the second year in a row after two years of decline. Over the period under review, consumption, however, faced a deep slump. Over the period under review, the market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Calculator Exports

Exports from Finland

In 2021, calculator exports from Finland reduced dramatically to X units, which is down by -76.9% compared with 2020. Over the period under review, exports showed a precipitous curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 356% against the previous year. Over the period under review, the exports reached the peak figure at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, calculator exports contracted remarkably to $X in 2021. Overall, exports faced a abrupt curtailment. The pace of growth was the most pronounced in 2020 when exports increased by 521%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Estonia (X units) was the main destination for calculator exports from Finland, accounting for a 86% share of total exports. Moreover, calculator exports to Estonia exceeded the volume sent to the second major destination, the United States (X units), more than tenfold. The third position in this ranking was held by Denmark (X units), with a 1.8% share.

From 2012 to 2021, the average annual growth rate of volume to Estonia amounted to -14.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+65.1% per year) and Denmark (+36.8% per year).

In value terms, Estonia ($X) emerged as the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Finland, comprising 24% of total exports. The second position in the ranking was held by the United States ($X), with a 5.9% share of total exports. It was followed by Denmark, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Estonia totaled -13.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+34.7% per year) and Denmark (+97.6% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, picking up by 101% against the previous year. Over the period under review, the export price showed a remarkable increase. The growth pace was the most rapid in 2016 an increase of 325%. As a result, the export price attained the peak level of $X per unit. From 2017 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($X per unit), while the average price for exports to Estonia ($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 Germany (+673.5%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Finland

In 2021, overseas purchases of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 43% to X units, rising for the second consecutive year after two years of decline. In general, imports, however, faced a abrupt contraction. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, calculator imports skyrocketed to $X in 2021. Over the period under review, imports, however, continue to indicate a abrupt shrinkage. Imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Germany (X units) constituted the largest calculator supplier to Finland, accounting for a 35% share of total imports. Moreover, calculator imports from Germany exceeded the figures recorded by the second-largest supplier, Sweden (X units), twofold. The third position in this ranking was taken by the Czech Republic (X units), with an 11% share.

From 2012 to 2021, the average annual growth rate of volume from Germany totaled +5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+32.8% per year) and the Czech Republic (+66.0% per year).

In value terms, Germany ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Finland, comprising 72% of total imports. The second position in the ranking was held by Sweden ($X), with a 19% share of total imports. It was followed by the Czech Republic, with a 2.8% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +26.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Sweden (+38.6% per year) and the Czech Republic (+69.7% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, growing by 130% against the previous year. Overall, the import price enjoyed a pronounced expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Germany ($X per unit), while the price for Latvia ($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 (+20.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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