Asia: Totaliser Market 2024

Totaliser Market Size in Asia

The Asian totaliser market surged to $X in 2021, with an increase of 119% against the previous year. Overall, consumption showed a strong increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Totaliser Production in Asia

In value terms, totaliser production rose significantly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of 42% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a somewhat lower figure.

Totaliser Exports

Exports in Asia

Totaliser exports soared to X units in 2021, jumping by 43% on the year before. In general, exports, however, recorded a abrupt setback. The volume of export peaked at X units in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, totaliser exports rose significantly to $X in 2021. Over the period under review, exports, however, continue to indicate a slight decline. The most prominent rate of growth was recorded in 2019 when exports increased by 12% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

India was the major exporting country with an export of about X units, which amounted to 50% of total exports. It was distantly followed by China (X units), Sri Lanka (X units) and Japan (X units), together constituting a 40% share of total exports. The United Arab Emirates (X units), South Korea (X units) and Singapore (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to totaliser exports from India stood at +11.0%. At the same time, South Korea (+34.3%), the United Arab Emirates (+2.4%), Japan (+1.8%) and Sri Lanka (+1.1%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Asia, with a CAGR of +34.3% from 2012-2021. By contrast, China (-3.0%) and Singapore (-43.6%) illustrated a downward trend over the same period. From 2012 to 2021, the share of India, China, Sri Lanka, Japan, South Korea and the United Arab Emirates increased by +44, +11, +10, +6, +2.8 and +2.5 percentage points, respectively.

In value terms, Japan ($X) remains the largest totaliser supplier in Asia, comprising 58% of total exports. The second position in the ranking was taken by China ($X), with a 24% share of total exports. It was followed by South Korea, with a 7.5% share.

In Japan, totaliser exports expanded at an average annual rate of +1.7% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (+1.1% per year) and South Korea (-1.7% per year).

Export Prices by Country

In 2021, the export price in Asia amounted to $X per unit, which is down by -23.1% against the previous year. In general, the export price, however, enjoyed a remarkable increase. The growth pace was the most rapid in 2017 an increase of 90% against the previous year. The level of export peaked at $X per unit in 2019; however, from 2020 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per unit), while Sri Lanka ($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 (+11.8%), while the other leaders experienced more modest paces of growth.

Totaliser Imports

Imports in Asia

In 2021, the amount of continuous and discontinuous totalisers imported in Asia surged to X units, increasing by 190% on 2020 figures. In general, imports enjoyed a strong increase. Over the period under review, imports hit record highs at X units in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, totaliser imports reached $X in 2021. Overall, imports, however, saw a pronounced slump. The growth pace was the most rapid in 2014 with an increase of 16%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X units) represented the key importer of continuous and discontinuous totalisers, creating 61% of total imports. It was distantly followed by India (X units), Singapore (X units) and Pakistan (X units), together comprising a 36% share of total imports.

Imports into the Philippines increased at an average annual rate of +53.9% from 2012 to 2021. At the same time, India (+57.2%) and Pakistan (+26.6%) displayed positive paces of growth. Moreover, India emerged as the fastest-growing importer imported in Asia, with a CAGR of +57.2% from 2012-2021. By contrast, Singapore (-12.4%) illustrated a downward trend over the same period. The Philippines (+58 p.p.), India (+18 p.p.) and Pakistan (+4.1 p.p.) significantly strengthened its position in terms of the total imports, while Singapore saw its share reduced by -74.4% from 2012 to 2021, respectively.

In value terms, the largest totaliser importing markets in Asia were India ($X), the Philippines ($X) and Singapore ($X), together comprising 13% of total imports. These countries were followed by Pakistan, which accounted for a further 1.9%.

Pakistan, with a CAGR of +37.8%, recorded the highest rates of growth with regard to the value of imports, in terms of 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

In 2021, the import price in Asia amounted to $X per unit, shrinking by -61% against the previous year. In general, the import price continues to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2018 an increase of 213% against the previous year. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Pakistan ($X per unit), while the Philippines ($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 (+10.1%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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