India: Calculator Market 2024

Calculator Market Size in India

The Indian calculator market was finally on the rise to reach $X in 2021, after three years of decline. Overall, consumption, however, recorded a perceptible decline. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Calculator Production in India

In value terms, calculator production expanded significantly to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a deep downturn. Over the period under review, production reached the maximum level at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calculator Exports

Exports from India

In 2021, overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions increased by 26% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2015 with an increase of 343%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, calculator exports surged to $X in 2021. In general, exports showed a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 231% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Bangladesh (X units) was the main destination for calculator exports from India, with a 47% share of total exports. Moreover, calculator exports to Bangladesh exceeded the volume sent to the second major destination, Sri Lanka (X units), twofold. Iraq (X units) ranked third in terms of total exports with a 7.9% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Bangladesh amounted to +119.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+70.4% per year) and Iraq (+65.7% per year).

In value terms, Bangladesh ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from India, comprising 51% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a 19% share of total exports. It was followed by Singapore, with a 7.8% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Bangladesh stood at +92.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Sri Lanka (+75.6% per year) and Singapore (+185.9% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, which is down by -3.1% against the previous year. Overall, export price indicated mild growth from 2012 to 2021: its price increased at an average annual rate of +1.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calculator export price decreased by -9.0% against 2018 indices. The most prominent rate of growth was recorded in 2013 when the average export price increased by 43%. Over the period under review, the average export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Iraq ($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 (+30.6%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into India

In 2021, overseas purchases of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were finally on the rise to reach X units for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, showed a noticeable slump. The pace of growth appeared the most rapid in 2013 when imports increased by 86% against the previous year. Imports peaked at X units in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, calculator imports soared to $X in 2021. In general, imports, however, continue to indicate a relatively flat trend pattern. Over the period under review, imports attained the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, the Philippines (X units) constituted the largest supplier of calculator to India, accounting for a 68% share of total imports. Moreover, calculator imports from the Philippines exceeded the figures recorded by the second-largest supplier, Hong Kong SAR (X units), fivefold. Thailand (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from the Philippines stood at +16.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+73.6% per year) and Thailand (+107.5% per year).

In value terms, the Philippines ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to India, comprising 51% of total imports. The second position in the ranking was held by Thailand ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with a 17% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Philippines amounted to +15.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+109.2% per year) and Hong Kong SAR (+65.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, rising by 7.8% against the previous year. Over the period under review, the import price saw a perceptible increase. The growth pace was the most rapid in 2015 when the average import price increased by 105%. The import price peaked in 2021 and is likely to continue growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for the Philippines ($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 (+23.4%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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