Hungary: Calculator Market 2024

Calculator Market Size in Hungary

In 2021, the Hungarian calculator market increased by 55% to $X, rising for the second year in a row after two years of decline. Overall, consumption showed significant growth. Calculator consumption peaked in 2021 and is likely to continue growth in the immediate term.

Calculator Exports

Exports from Hungary

In 2021, overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 40% to X units, rising for the third consecutive year after two years of decline. In general, exports enjoyed a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 150% against the previous year. The exports peaked in 2021 and are likely to see steady growth in years to come.

In value terms, calculator exports contracted to $X in 2021. Overall, exports saw a significant increase. The most prominent rate of growth was recorded in 2016 with an increase of 336% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Germany (X units) was the main destination for calculator exports from Hungary, with a 55% share of total exports. Moreover, calculator exports to Germany exceeded the volume sent to the second major destination, Romania (X units), threefold. The third position in this ranking was taken by Slovakia (X units), with a 5.8% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Germany amounted to +42.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+14.0% per year) and Slovakia (+2.8% per year).

In value terms, Germany ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Hungary, comprising 42% of total exports. The second position in the ranking was taken by Romania ($X), with a 19% share of total exports. It was followed by Croatia, with an 11% share.

From 2012 to 2021, the average annual growth rate of value to Germany amounted to +51.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+12.6% per year) and Croatia (+62.7% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, shrinking by -28.7% against the previous year. Over the period under review, the export price, however, posted a measured increase. The pace of growth was the most pronounced in 2014 when the average export price increased by 93% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Croatia ($X per unit), while the average price for exports to Bulgaria ($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 Croatia (+24.5%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in supplies from abroad of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, which increased by 62% to X units in 2021. In general, imports posted a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 129%. Over the period under review, imports hit record highs in 2021 and are likely to see gradual growth in years to come.

In value terms, calculator imports skyrocketed to $X in 2021. Overall, imports saw resilient growth. The most prominent rate of growth was recorded in 2013 when imports increased by 98%. Over the period under review, imports reached the peak figure at $X in 2017; however, from 2018 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest supplier of calculator to Hungary, accounting for a 83% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, the Netherlands (X units), more than tenfold. The third position in this ranking was taken by the Czech Republic (X units), with a 3.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +28.6%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+35.3% per year) and the Czech Republic (+21.9% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Hungary, comprising 69% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 13% share of total imports. It was followed by the Czech Republic, with an 8% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +30.9%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+49.2% per year) and the Czech Republic (+29.4% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, declining by -12.2% against the previous year. In general, the import price saw a mild contraction. The most prominent rate of growth was recorded in 2017 when the average import price increased by 46% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat 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 Germany ($X per unit), while the price for Poland ($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 (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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