Myanmar: Calculator Market 2024

Calculator Market Size in Myanmar

The Myanmar's calculator market plummeted to $X in 2021, reducing by -60.8% 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). Over the period under review, consumption, however, posted resilient growth. Calculator consumption peaked at $X in 2015; however, from 2016 to 2021, consumption failed to regain momentum.

Calculator Exports

Exports from Myanmar

In 2018, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from Myanmar; picking up by 54% against 2017 figures. Overall, exports, however, faced a dramatic decrease. The growth pace was the most rapid in 2016 when exports increased by 80% against the previous year. As a result, the exports reached the peak of X units. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

In value terms, calculator exports skyrocketed to $X in 2018. Over the period under review, exports continue to indicate resilient growth. The pace of growth was the most pronounced in 2016 with an increase of 7,380% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2018, the growth of the exports remained at a somewhat lower figure.

Exports by Country

South Korea (X units), Thailand (X units) and Singapore (X units) were the main destinations of calculator exports from Myanmar.

From 2015 to 2018, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Singapore (with a CAGR of +108.0%), while the other leaders experienced more modest paces of growth.

In value terms, South Korea ($X), Singapore ($X) and Thailand ($X) were the largest markets for calculator exported from Myanmar worldwide.

In terms of the main countries of destination, Singapore, with a CAGR of +58.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2018, the average calculator export price amounted to $X per unit, rising by 15% against the previous year. Over the period under review, the export price recorded significant growth. The most prominent rate of growth was recorded in 2016 when the average export price increased by 4,052%. Over the period under review, the average export prices reached the peak figure in 2018 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2018, amid the top suppliers, the country with the highest price was South Korea ($X per unit), while the average price for exports to Thailand ($X per unit) was amongst the lowest.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (-23.9%).

Calculator Imports

Imports into Myanmar

In 2021, overseas purchases of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -60.1% to X units for the first time since 2018, thus ending a two-year rising trend. Overall, imports, however, showed a significant expansion. The pace of growth was the most pronounced in 2013 when imports increased by 1,263% against the previous year. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports failed to regain momentum.

In value terms, calculator imports fell markedly to $X in 2021. In general, imports, however, recorded a buoyant expansion. The pace of growth appeared the most rapid in 2013 when imports increased by 897%. Imports peaked at $X in 2015; however, from 2016 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Myanmar, with a 67% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, Thailand (X units), fivefold. The third position in this ranking was held by the Philippines (X units), with a 5.3% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +27.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+64.4% per year) and the Philippines (+92.5% per year).

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Myanmar, comprising 43% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 15% share of total imports. It was followed by the Philippines, with a 15% share.

From 2012 to 2021, the average annual growth rate of value from China stood at +17.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (+1.7% per year) and the Philippines (+49.9% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, waning by -1.9% against the previous year. Overall, the import price continues to indicate a abrupt descent. The pace of growth was the most pronounced in 2014 when the average import price increased by 43% against the previous year. Over the period under review, average import prices reached the maximum at $X per unit in 2016; however, from 2017 to 2021, import prices remained at a 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 Hong Kong SAR ($X per unit), while the price for Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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