Philippines: Calculator Market 2024

Calculator Market Size in the Philippines

The Philippine calculator market contracted dramatically to $X in 2021, waning by -75.3% against the previous year. Overall, consumption faced a sharp shrinkage. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Calculator Production in the Philippines

In value terms, calculator production expanded slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +3.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2015 when the production volume increased by 15%. Calculator production peaked at $X in 2016; however, from 2017 to 2021, production failed to regain momentum.

Calculator Exports

Exports from the Philippines

In 2021, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported from the Philippines skyrocketed to X units, with an increase of 32% against 2020. In general, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2016 when exports increased by 242% against the previous year. Over the period under review, the exports attained the peak figure at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, calculator exports surged to $X in 2021. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of 42% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The United States (X units), Hong Kong SAR (X units) and India (X units) were the main destinations of calculator exports from the Philippines, together accounting for 72% of total exports.

From 2015 to 2021, the biggest increases were recorded for India (with a CAGR of +45.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from the Philippines, comprising 48% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with a 13% share of total exports. It was followed by the Netherlands, with a 13% share.

From 2015 to 2021, the average annual growth rate of value to the United States totaled -4.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+9.1% per year) and the Netherlands (-4.4% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, waning by -11.3% against the previous year. In general, the export price recorded a dramatic descent. The pace of growth appeared the most rapid in 2019 an increase of 4.9% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2015; however, from 2016 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 the United Arab Emirates ($X per unit), while the average price for exports to Germany ($X per unit) was amongst the lowest.

From 2015 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (+3.2%), while the prices for the other major destinations experienced a decline.

Calculator Imports

Imports into the Philippines

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were imported into the Philippines; jumping by 81% on the year before. Overall, imports saw a resilient expansion. The pace of growth was the most pronounced in 2018 with an increase of 106%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, calculator imports expanded slightly to $X in 2021. In general, imports showed a tangible increase. The growth pace was the most rapid in 2015 when imports increased by 71%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X units), Hong Kong SAR (X units) and Japan (X units) were the main suppliers of calculator imports to the Philippines, together accounting for 65% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Japan (with a CAGR of +37.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to the Philippines, comprising 57% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 25% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China totaled +4.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Hong Kong SAR (-2.9% per year) and Japan (+55.1% per year).

Import Prices by Country

In 2021, the average calculator import price amounted to $X per unit, reducing by -43.8% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The most prominent rate of growth was recorded in 2017 an increase of 114% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+12.7%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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