Indonesia: Calculator Market 2024

Calculator Market Size in Indonesia

The Indonesian calculator market was finally on the rise to reach $X in 2021, after two years of decline. Over the period under review, consumption, however, enjoyed a mild expansion. Calculator consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Calculator Exports

Exports from Indonesia

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from Indonesia; picking up by 39% against 2020 figures. Overall, exports continue to indicate a significant increase. The pace of growth was the most pronounced in 2014 with an increase of 3,483% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, calculator exports contracted significantly to $X in 2021. Over the period under review, exports, however, recorded a mild decline. The pace of growth appeared the most rapid in 2016 with an increase of 329% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

Singapore (X units) was the main destination for calculator exports from Indonesia, accounting for a 75% share of total exports. Moreover, calculator exports to Singapore exceeded the volume sent to the second major destination, South Korea (X units), sixfold. The third position in this ranking was taken by the United Arab Emirates (X units), with a 9.2% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Singapore totaled +29.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Korea (+304.3% per year) and the United Arab Emirates (+110.2% per year).

In value terms, Singapore ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Indonesia, comprising 50% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 15% share of total exports. It was followed by South Korea, with a 14% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +24.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (+57.6% per year) and South Korea (+517.5% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, falling by -48.3% against the previous year. Overall, the export price faced a dramatic contraction. The most prominent rate of growth was recorded in 2017 when the average export price increased by 751% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per unit in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Singapore ($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 South Korea (+52.7%), while the prices for the other major destinations experienced a decline.

Calculator Imports

Imports into Indonesia

In 2021, overseas purchases of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -0.4% to X units, falling for the third year in a row after three years of growth. In general, imports saw a noticeable contraction. The most prominent rate of growth was recorded in 2016 with an increase of 158% against the previous year. Imports peaked at X units in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports soared to $X in 2021. Over the period under review, imports, however, enjoyed a noticeable expansion. The growth pace was the most rapid in 2016 with an increase of 105% against the previous year. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Indonesia, with a 70% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, the Philippines (X units), fourfold. Malaysia (X units) ranked third in terms of total imports with an 8.4% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -5.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+86.8% per year) and Malaysia (+16.0% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Indonesia, comprising 64% of total imports. The second position in the ranking was taken by the Philippines ($X), with a 27% share of total imports. It was followed by Malaysia, with a 2.1% share.

From 2012 to 2021, the average annual growth rate of value from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: the Philippines (+91.9% per year) and Malaysia (+33.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, jumping by 26% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +6.0%. 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 South Korea ($X per unit), while the price for Malaysia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+56.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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