GCC: Calculator Market 2024

Calculator Market Size in GCC

In 2022, the GCC calculator market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Over the period under review, consumption saw a pronounced slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Calculator Production in GCC

In value terms, calculator production expanded slightly to $X in 2022 estimated in export price. Over the period under review, production, however, faced a deep contraction. The pace of growth was the most pronounced in 2016 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Calculator Exports

Exports in GCC

In 2022, the amount of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exported in GCC skyrocketed to X units, jumping by X% on 2021 figures. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, calculator exports surged to $X in 2022. Over the period under review, exports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked in 2022 and is likely to see steady growth in the near future.

Exports by Country

In 2022, the United Arab Emirates (X units) represented the main exporter of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions in GCC, comprising X% of total export.

The United Arab Emirates was also the fastest-growing in terms of the electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions exports, with a CAGR of X% from 2012 to 2022. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) also remains the largest calculator supplier in GCC.

From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates amounted to X%.

Export Prices by Country

In 2022, the export price in GCC amounted to $X per unit, dropping by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price reached the peak level of $X per unit. From 2016 to 2022, the export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to X% per year.

Calculator Imports

Imports in GCC

In 2022, calculator imports in GCC soared to X units, with an increase of X% against 2021. Overall, imports, however, recorded a abrupt descent. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, calculator imports soared to $X in 2022. In general, imports, however, recorded a relatively flat trend pattern. The level of import peaked at $X in 2013; however, from 2014 to 2022, imports failed to regain momentum.

Imports by Country

The United Arab Emirates represented the main importer of electronic calculators and pocket-size data recording, reproducing and displaying machines with calculating functions in GCC, with the volume of imports accounting for X units, which was approx. X% of total imports in 2022. Kuwait (X units) ranks second in terms of the total imports with a X% share, followed by Saudi Arabia (X%). Qatar (X units) and Oman (X units) took a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to calculator imports into the United Arab Emirates stood at X%. At the same time, Kuwait (X%), Oman (X%) and Qatar (X%) displayed positive paces of growth. Moreover, Kuwait emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2022. By contrast, Saudi Arabia (X%) illustrated a downward trend over the same period. Kuwait (X p.p.), Saudi Arabia (X p.p.), Qatar (X p.p.) and Oman (X p.p.) significantly strengthened its position in terms of the total imports, while the United Arab Emirates saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest calculator importing markets in GCC were the United Arab Emirates ($X), Kuwait ($X) and Saudi Arabia ($X), together accounting for X% of total imports.

Kuwait, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in GCC stood at $X per unit in 2022, picking up by X% against the previous year. Overall, the import price recorded prominent growth. The most prominent rate of growth was recorded in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Qatar ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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