Sri Lanka: Calculator Market 2024

Calculator Market Size in Sri Lanka

The Sri Lankan calculator market skyrocketed to $X in 2021, growing by 29% against the previous year. Overall, consumption, however, continues to indicate a relatively flat trend pattern. Calculator consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Calculator Production in Sri Lanka

In value terms, calculator production amounted to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt downturn. Calculator production peaked at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Calculator Exports

Exports from Sri Lanka

In 2021, overseas shipments of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions decreased by -22.7% to X units, falling for the second consecutive year after two years of growth. In general, exports showed a deep setback. The pace of growth appeared the most rapid in 2018 when exports increased by 1,375% against the previous year. 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 declined remarkably to $X in 2021. Overall, exports saw a dramatic curtailment. The pace of growth was the most pronounced in 2018 when exports increased by 1,870% against the previous year. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Oman (X units) was the main destination for calculator exports from Sri Lanka, accounting for a 82% share of total exports. Moreover, calculator exports to Oman exceeded the volume sent to the second major destination, Samoa (X units), sevenfold. The third position in this ranking was held by Ethiopia (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Samoa (0.0% per year) and Ethiopia (+33.0% per year).

In value terms, Oman ($X) emerged as the key foreign market for electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports from Sri Lanka, comprising 71% of total exports. The second position in the ranking was held by Ethiopia ($X), with a 14% share of total exports. It was followed by Samoa, with a 6.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Oman was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Ethiopia (+25.4% per year) and Samoa (0.0% per year).

Export Prices by Country

In 2021, the average calculator export price amounted to $X per unit, which is down by -9.6% against the previous year. In general, the export price saw a abrupt decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 308% against the previous year. The export price peaked at $X per unit in 2016; however, from 2017 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 Maldives ($X per unit), while the average price for exports to Seychelles ($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 Malaysia (+89.1%), while the prices for the other major destinations experienced mixed trend patterns.

Calculator Imports

Imports into Sri Lanka

In 2021, approx. X units of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions were imported into Sri Lanka; with an increase of 9.7% compared with 2020. Over the period under review, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when imports increased by 99% against the previous year. As a result, imports reached the peak of X units. From 2016 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, calculator imports dropped slightly to $X in 2021. Overall, total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +8.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -1.2% against 2019 indices. The pace of growth was the most pronounced in 2015 with an increase of 45% against the previous year. Imports peaked at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, China (X units) constituted the largest calculator supplier to Sri Lanka, with a 68% share of total imports. Moreover, calculator imports from China exceeded the figures recorded by the second-largest supplier, India (X units), threefold. The third position in this ranking was taken by the Philippines (X units), with a 3.7% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China totaled -1.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+59.1% per year) and the Philippines (-4.8% per year).

In value terms, the largest calculator suppliers to Sri Lanka were China ($X), India ($X) and the Philippines ($X), with a combined 88% share of total imports.

Among the main suppliers, India, with a CAGR of +41.4%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average calculator import price stood at $X per unit in 2021, which is down by -9.3% against the previous year. Overall, the import price, however, showed a strong increase. The pace of growth was the most pronounced in 2017 an increase of 95%. The import price peaked at $X per unit in 2018; however, from 2019 to 2021, import prices stood at a somewhat 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 ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Philippines (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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