Israel: Calculator Market 2024

Calculator Market Size in Israel

After three years of decline, the Israeli calculator market increased by 59% to $X in 2021. Over the period under review, consumption showed strong growth. Calculator consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Calculator Exports

Exports from Israel

Calculator exports from Israel dropped rapidly to X units in 2021, which is down by -99.4% against 2020 figures. In general, exports faced a dramatic slump. The growth pace was the most rapid in 2020 with an increase of 1,517% against the previous year. Over the period under review, the exports hit record highs at X units in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, calculator exports contracted dramatically to $X in 2021. Over the period under review, exports saw a significant decrease. The pace of growth was the most pronounced in 2018 when exports increased by 109%. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Germany (X units), the UK (X units) and the United States (X units) were the main destinations of calculator exports from Israel, with a combined 87% share of total exports. The United Arab Emirates and South Korea lagged somewhat behind, together comprising a further 12%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +58.2%), while the other leaders experienced more modest paces of growth.

In value terms, the United Arab Emirates ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Israel, comprising 41% of total exports. The second position in the ranking was taken by the UK ($X), with a 17% share of total exports. It was followed by Germany, with a 16% share.

From 2012 to 2021, the average annual growth rate of value to the United Arab Emirates stood at -90.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (+2.5% per year) and Germany (-48.5% per year).

Export Prices by Country

The average calculator export price stood at $X per unit in 2021, increasing by 3,428% against the previous year. In general, the export price enjoyed a significant expansion. Over the period under review, the average export prices attained the peak figure at $X per unit in 2015; however, from 2016 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 the United Arab Emirates ($X per unit), while the average price for exports to Germany ($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 the United Arab Emirates (+24,179.8%), while the prices for the other major destinations experienced mixed trend patterns.

Calculator Imports

Imports into Israel

In 2021, calculator imports into Israel dropped sharply to X units, shrinking by -17.8% compared with the year before. In general, imports recorded a deep setback. The most prominent rate of growth was recorded in 2017 when imports increased by 30%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, calculator imports declined to $X in 2021. Overall, imports showed a slight decline. The growth pace was the most rapid in 2014 when imports increased by 40%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Israel, accounting for a 64% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fourfold. Japan (X units) ranked third in terms of total imports with an 8.1% share.

From 2012 to 2021, the average annual growth rate of volume from China amounted to -8.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+121.9% per year) and Japan (-23.4% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Israel, comprising 59% of total imports. The second position in the ranking was taken by Thailand ($X), with an 18% share of total imports. It was followed by Japan, with a 7.5% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +11.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+142.2% per year) and Japan (-21.0% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, surging by 13% against the previous year. Over the period under review, the import price recorded buoyant growth. The growth pace was the most rapid in 2019 an increase of 32% against the previous year. 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 Hong Kong SAR ($X per unit), while the price for the Philippines ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (+26.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :