Greece: Totaliser Market 2024

Totaliser Market Size in Greece

The Greek totaliser market skyrocketed to $X in 2021, increasing by 46% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Totaliser Exports

Exports from Greece

For the third consecutive year, Greece recorded growth in shipments abroad of continuous and discontinuous totalisers, which increased by 2% to X units in 2021. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2016 with an increase of 2,200%. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

In value terms, totaliser exports surged to $X in 2021. Overall, exports showed a prominent increase. The most prominent rate of growth was recorded in 2016 when exports increased by 5,054% against the previous year. The exports peaked in 2021 and are likely to see steady growth in the immediate term.

Exports by Country

Romania (X units) was the main destination for totaliser exports from Greece, with a 90% share of total exports. Moreover, totaliser exports to Romania exceeded the volume sent to the second major destination, Argentina (X units), tenfold.

From 2012 to 2021, the average annual growth rate of volume to Romania amounted to +64.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Argentina (0.0% per year) and Cyprus (-26.3% per year).

In value terms, Argentina ($X) emerged as the key foreign market for continuous and discontinuous totalisers exports from Greece, comprising 94% of total exports. The second position in the ranking was taken by Romania ($X), with a 5.6% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Argentina was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (-32.4% per year) and Cyprus (-52.0% per year).

Export Prices by Country

The average totaliser export price stood at $X per unit in 2021, growing by 451% against the previous year. Over the period under review, the export price, however, showed a deep contraction. Over the period under review, the average export prices reached the maximum at $X per unit in 2013; however, from 2014 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 Argentina ($X per unit), while the average price for exports to Romania ($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 Nigeria (+335.5%), while the prices for the other major destinations experienced a decline.

Totaliser Imports

Imports into Greece

In 2021, totaliser imports into Greece soared to X units, with an increase of 31% against 2020. Over the period under review, imports posted a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of 279% against the previous year. Imports peaked at X units in 2015; however, from 2016 to 2021, imports failed to regain momentum.

In value terms, totaliser imports soared to $X in 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2019 when imports increased by 394%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

China (X units), Germany (X units) and Turkey (X units) were the main suppliers of totaliser imports to Greece, with a combined 77% share of total imports. These countries were followed by Spain, the UK, Bulgaria and the Netherlands, which together accounted for a further 19%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bulgaria (with a CAGR of +56.0%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of continuous and discontinuous totalisers to Greece, comprising 50% of total imports. The second position in the ranking was held by Germany ($X), with a 23% share of total imports. It was followed by Turkey, with a 5.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +47.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+11.8% per year) and Turkey (+6.2% per year).

Import Prices by Country

In 2021, the average totaliser import price amounted to $X per unit, jumping by 59% against the previous year. In general, the import price, however, recorded a abrupt downturn. The pace of growth appeared the most rapid in 2019 when the average import price increased by 369% against the previous year. The import price 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 origin: amid the top importers, the country with the highest price was China ($X per unit), while the price for Turkey ($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 Netherlands (+20.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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