Eastern Asia: Totaliser Market 2024

Totaliser Market Size in Eastern Asia

The East Asian totaliser market reduced sharply to $X in 2021, declining by -23.5% against the previous year. Over the period under review, consumption showed a pronounced descent. As a result, consumption attained the peak level of $X. From 2017 to 2021, the growth of the market failed to regain momentum.

Totaliser Production in Eastern Asia

In value terms, totaliser production rose notably 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 pace of growth was the most pronounced in 2018 when the production volume increased by 29%. As a result, production attained the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Totaliser Exports

Exports in Eastern Asia

In 2021, shipments abroad of continuous and discontinuous totalisers increased by 70% to X units for the first time since 2018, thus ending a two-year declining trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The volume of export peaked at X units in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, totaliser exports skyrocketed to $X in 2021. The total export value increased at an average annual rate of +1.2% over the period from 2012 to 2021; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. Over the period under review, the exports reached the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

China represented the key exporting country with an export of about X units, which recorded 61% of total exports. Japan (X units) took a 27% share (based on physical terms) of total exports, which put it in second place, followed by South Korea (9.7%). Hong Kong SAR (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to totaliser exports from China stood at -3.0%. At the same time, South Korea (+34.3%), Hong Kong SAR (+20.0%) and Japan (+1.8%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of +34.3% from 2012-2021. While the share of South Korea (+9.1 p.p.), Japan (+4.9 p.p.) and Hong Kong SAR (+1.8 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of China (-15.8 p.p.) displayed negative dynamics.

In value terms, Japan ($X) remains the largest totaliser supplier in Eastern Asia, comprising 64% of total exports. The second position in the ranking was taken by China ($X), with a 26% share of total exports. It was followed by South Korea, with an 8.4% share.

In Japan, totaliser exports expanded at an average annual rate of +1.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (+1.1% per year) and South Korea (-1.7% per year).

Export Prices by Country

In 2021, the export price in Eastern Asia amounted to $X per unit, reducing by -31.8% against the previous year. Overall, the export price, however, recorded a modest increase. The most prominent rate of growth was recorded in 2016 an increase of 141% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Japan ($X per unit), while Hong Kong SAR ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the other leaders experienced a decline in the export price figures.

Totaliser Imports

Imports in Eastern Asia

In 2021, after four years of decline, there was significant growth in overseas purchases of continuous and discontinuous totalisers, when their volume increased by 44% to X units. Over the period under review, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 when imports increased by 50%. As a result, imports attained the peak of X units. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, totaliser imports skyrocketed to $X in 2021. In general, imports, however, showed a mild slump. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X units) was the major importer of continuous and discontinuous totalisers, making up 54% of total imports. Taiwan (Chinese) (X units) took a 21% share (based on physical terms) of total imports, which put it in second place, followed by South Korea (21%). Japan (X units) followed a long way behind the leaders.

From 2012 to 2021, average annual rates of growth with regard to totaliser imports into China stood at -1.9%. At the same time, Taiwan (Chinese) (+15.8%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +15.8% from 2012-2021. South Korea experienced a relatively flat trend pattern. By contrast, Japan (-1.4%) illustrated a downward trend over the same period. While the share of Taiwan (Chinese) (+15 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of China (-14 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported continuous and discontinuous totalisers in Eastern Asia, comprising 63% of total imports. The second position in the ranking was held by South Korea ($X), with a 19% share of total imports. It was followed by Taiwan (Chinese), with a 14% share.

In China, totaliser imports shrank by an average annual rate of -3.9% over the period from 2012-2021. In the other countries, the average annual rates were as follows: South Korea (+2.0% per year) and Taiwan (Chinese) (+7.7% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2021, waning by -6.4% against the previous year. Over the period under review, the import price showed a noticeable contraction. The most prominent rate of growth was recorded in 2017 an increase of 42% against the previous year. The level of import peaked at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per unit), while Taiwan (Chinese) ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+1.7%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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