Latvia: Calculator Market 2020

Calculator Market Size in Latvia

The revenue of the calculator market in Latvia amounted to $X in 2018, dropping by -X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, calculator consumption continues to indicate a drastic decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% y-o-y. Over the period under review, the calculator market attained its maximum level at $X in 2008; however, from 2009 to 2018, consumption stood at a somewhat lower figure.

Calculator Exports

Exports from Latvia

In 2018, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported from Latvia stood at X units, rising by X% against the previous year. Overall, calculator exports continue to indicate modest growth. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. In that year, calculator exports attained their peak of X units. From 2013 to 2018, the growth of calculator exports failed to regain its momentum.

In value terms, calculator exports amounted to $X in 2018. Overall, calculator exports continue to indicate a notable expansion. The pace of growth appeared the most rapid in 2012 when exports increased by X% y-o-y. Over the period under review, calculator exports attained their peak figure at $X in 2013; however, from 2014 to 2018, exports stood at a somewhat lower figure.

Exports by Country

China prevails in calculator exports structure, amounting to X units, which was approx. X% of total exports in 2018. The Philippines (X units) ranks second in terms of the total exports with a X% share, followed by China, Hong Kong SAR (X%). The following exporters - the Netherlands (X units) and Germany (X units) - each amounted to a X% share of total exports.

Exports from China decreased at an average annual rate of -X% from 2007 to 2018. At the same time, the Philippines (+X%), Germany (+X%) and the Netherlands (+X%) displayed positive paces of growth. Moreover, the Philippines emerged as the fastest-growing exporter in the world, with a CAGR of +X% from 2007-2018. By contrast, China, Hong Kong SAR (-X%) illustrated a downward trend over the same period. While the share of the Philippines (+X p.p.) increased significantly in terms of the global exports from 2007-2018, the share of China, Hong Kong SAR (-X p.p.) and China (-X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest calculator supplier from Latvia, comprising X% of global exports. The second position in the ranking was occupied by the Philippines ($X), with a X% share of global exports. It was followed by Germany, with a X% share.

From 2007 to 2018, the average annual rate of growth in terms of value in China amounted to -X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Philippines (+X% per year) and Germany (+X% per year).

Export Prices by Country

The calculator export price in Latvia stood at $X per unit in 2018, picking up by X% against the previous year. Over the period under review, the export price indicated slight growth from 2007 to 2018: its price increased at an average annual rate of +X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2018 figures, calculator export price increased by +X% against 2015 indices. The most prominent rate of growth was recorded in 2011 when the export price increased by X% against the previous year. Latvia export price peaked in 2018 and is likely to see steady growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2018, the country with the highest price was Germany ($X per unit), while China ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by China, Hong Kong SAR, while the other leaders experienced more modest paces of growth.

Calculator Imports

Imports into Latvia

In 2018, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions imported into Latvia amounted to X units, lowering by -X% against the previous year. Over the period under review, calculator imports continue to indicate a moderate decrease. The most prominent rate of growth was recorded in 2008 when imports increased by X% year-to-year. In that year, calculator imports reached their peak of X units. From 2009 to 2018, the growth of calculator imports remained at a somewhat lower figure.

In value terms, calculator imports stood at $X in 2018. Over the period under review, calculator imports continue to indicate a drastic reduction. The growth pace was the most rapid in 2011 with an increase of X% y-o-y. Latvia imports peaked at $X in 2017, and then declined slightly in the following year.

Imports by Country

In 2018, the U.S. (X units), followed by China, Hong Kong SAR (X units), Mexico (X units) and Germany (X units) were the key importers of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions, together comprising X% of total imports. Japan (X units), China (X units), India (X units), Nigeria (X units), the Netherlands (X units), Brazil (X units), the UK (X units) and South Africa (X units) took a minor share of total imports.

From 2007 to 2018, the most notable rate of growth in terms of imports, amongst the main importing countries, was attained by Nigeria, while the other leaders experienced mixed trends in the imports figures.

In value terms, the U.S. ($X), Germany ($X) and China, Hong Kong SAR ($X) appeared to be the countries with the highest levels of imports in 2018, together comprising X% of total imports. These countries were followed by Japan, the UK, India, the Netherlands, Mexico, South Africa, China, Brazil, Nigeria and Latvia, which together accounted for a further X terms of the main importing countries, India recorded the highest growth rate of imports, over the last eleven years, while the other leaders experienced more modest paces of growth.

Import Prices by Country

The calculator import price in Latvia stood at $X per unit in 2018, declining by -X% against the previous year. Overall, the calculator import price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2011 an increase of X% against the previous year. Latvia import price peaked at $X per unit in 2016; however, from 2017 to 2018, import prices failed to regain their momentum.

There were significant differences in the average prices amongst the major importing countries. In 2018, the country with the highest price was Germany ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2007 to 2018, the most notable rate of growth in terms of prices was attained by Germany, while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform