Greece: Calculator Market 2024

Calculator Market Size in Greece

In 2021, the Greek calculator market decreased by -16.8% to $X, falling for the second consecutive year after two years of growth. In general, consumption saw a abrupt descent. As a result, consumption reached the peak level of $X. From 2016 to 2021, the growth of the market remained at a somewhat lower figure.

Calculator Exports

Exports from Greece

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from Greece; growing by 57% compared with 2020. Over the period under review, exports posted resilient growth. The pace of growth appeared the most rapid in 2020 when exports increased by 224% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in years to come.

In value terms, calculator exports soared to $X in 2021. Overall, exports recorded resilient growth. The most prominent rate of growth was recorded in 2018 when exports increased by 552%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

Exports by Country

Bulgaria (X units) was the main destination for calculator exports from Greece, with a 78% share of total exports. Moreover, calculator exports to Bulgaria exceeded the volume sent to the second major destination, Cyprus (X units), tenfold. Ukraine (X units) ranked third in terms of total exports with a 4.1% share.

From 2012 to 2021, the average annual growth rate of volume to Bulgaria totaled +28.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-2.0% per year) and Ukraine (0.0% per year).

In value terms, Bulgaria ($X) emerged as the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Greece, comprising 72% of total exports. The second position in the ranking was taken by Cyprus ($X), with an 8.4% share of total exports. It was followed by Ukraine, with a 2% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bulgaria stood at +41.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Cyprus (-1.6% per year) and Ukraine (0.0% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, with an increase of 97% against the previous year. Overall, the export price, however, saw a abrupt decline. The most prominent rate of growth was recorded in 2018 an increase of 204% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2019; however, from 2020 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 Cyprus ($X per unit), while the average price for exports to China ($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 Bulgaria (+10.2%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Greece

In 2021, supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -3% to X units, falling for the second consecutive year after two years of growth. Overall, imports showed a abrupt decrease. The pace of growth was the most pronounced in 2013 with an increase of 66% against the previous year. As a result, imports reached the peak of X units. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, calculator imports reduced to $X in 2021. Over the period under review, imports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2015 with an increase of 402%. As a result, imports attained the peak of $X. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Germany (X units), China (X units) and the Netherlands (X units) were the main suppliers of calculator imports to Greece, together comprising 79% of total imports. Finland, Austria, Spain, Bulgaria and the Czech Republic lagged somewhat behind, together comprising a further 17%.

From 2012 to 2021, the biggest increases were recorded for Bulgaria (with a CAGR of +27.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Finland ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Greece, comprising 34% of total imports. The second position in the ranking was held by Germany ($X), with a 15% share of total imports. It was followed by Bulgaria, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from Finland totaled -10.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-4.4% per year) and Bulgaria (+22.3% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, with a decrease of -8.9% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2015 an increase of 351%. As a result, import price attained the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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