Slovakia: Calculator Market 2024

Calculator Market Size in Slovakia

In 2021, the Slovak calculator market increased by 33% to $X, rising for the third year in a row after two years of decline. Overall, consumption, however, continues to indicate a perceptible downturn. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Calculator Exports

Exports from Slovakia

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were exported from Slovakia; picking up by 20% against the year before. In general, exports, however, saw a deep reduction. The pace of growth was the most pronounced in 2018 with an increase of 58%. The exports peaked at X units in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

In value terms, calculator exports shrank remarkably to $X in 2021. Over the period under review, exports, however, continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 when exports increased by 192%. The exports peaked at $X in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units), Hungary (X units) and Poland (X units) were the main destinations of calculator exports from Slovakia, with a combined 92% share of total exports. These countries were followed by Austria, Serbia and Romania, which together accounted for a further 6.5%.

From 2012 to 2021, the biggest increases were recorded for Serbia (with a CAGR of +1.3%), while shipments for the other leaders experienced a decline.

In value terms, the Czech Republic ($X), Poland ($X) and Hungary ($X) appeared to be the largest markets for calculator exported from Slovakia worldwide, with a combined 82% share of total exports. These countries were followed by Austria, Serbia and Romania, which together accounted for a further 4.6%.

In terms of the main countries of destination, Serbia, with a CAGR of +1.8%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, with a decrease of -34.7% against the previous year. Overall, the export price, however, posted buoyant growth. The pace of growth was the most pronounced in 2017 an increase of 244%. As a result, the export price reached the peak level of $X per unit. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Hungary ($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 Romania (+35.1%), while the prices for the other major destinations experienced more modest paces of growth.

Calculator Imports

Imports into Slovakia

In 2021, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions imported into Slovakia soared to X units, with an increase of 19% compared with 2020. Overall, imports, however, showed a deep slump. The growth pace was the most rapid in 2019 with an increase of 26%. Imports peaked at X units in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, calculator imports soared to $X in 2021. In general, imports, however, showed a abrupt downturn. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Czech Republic (X units) constituted the largest supplier of calculator to Slovakia, accounting for a 58% share of total imports. Moreover, calculator imports from the Czech Republic exceeded the figures recorded by the second-largest supplier, China (X units), fourfold. The third position in this ranking was held by Germany (X units), with an 8.7% share.

From 2012 to 2021, the average annual growth rate of volume from the Czech Republic amounted to +24.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-26.4% per year) and Germany (+0.5% per year).

In value terms, the Czech Republic ($X) constituted the largest supplier of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions to Slovakia, comprising 71% of total imports. The second position in the ranking was held by Germany ($X), with a 9.2% share of total imports. It was followed by France, with a 4.6% share.

From 2012 to 2021, the average annual growth rate of value from the Czech Republic amounted to +33.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+13.6% per year) and France (+36.3% per year).

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, surging by 21% against the previous year. In general, import price indicated strong growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, calculator import price increased by +85.0% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 49% against the previous year. Over the period under review, average import prices reached the maximum in 2021 and is likely to see gradual growth in the near future.

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 France ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (+13.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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