Hong Kong SAR, China: Totaliser Market 2024

Totaliser Market Size in Hong Kong SAR, China

The Hong Kong totaliser market dropped rapidly to $X in 2021, waning by -37% against the previous year. In general, consumption, however, saw a prominent increase. As a result, consumption attained the peak level of $X, and then contracted rapidly in the following year.

Totaliser Production in Hong Kong SAR, China

In value terms, totaliser production fell markedly to $X in 2021 estimated in export price. Over the period under review, production, however, showed resilient growth. The growth pace was the most rapid in 2017 with an increase of 118% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then dropped sharply in the following year.

Totaliser Exports

Exports from Hong Kong SAR, China

In 2021, approx. X units of continuous and discontinuous totalisers were exported from Hong Kong SAR; increasing by 2% against 2020 figures. Over the period under review, exports showed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 327% against the previous year. Over the period under review, the exports reached the maximum at X units in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, totaliser exports shrank significantly to $X in 2021. In general, exports, however, showed a slight reduction. The growth pace was the most rapid in 2017 when exports increased by 399%. As a result, the exports attained the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Nigeria (X units) was the main destination for totaliser exports from Hong Kong SAR, with a 24% share of total exports. Moreover, totaliser exports to Nigeria exceeded the volume sent to the second major destination, Malawi (X units), twofold. The third position in this ranking was taken by Sweden (X units), with a 4.5% share.

From 2012 to 2021, the average annual growth rate of volume to Nigeria stood at +32.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+36.1% per year) and Sweden (+36.8% per year).

In value terms, Nigeria ($X) remains the key foreign market for continuous and discontinuous totalisers exports from Hong Kong SAR, comprising 34% of total exports. The second position in the ranking was taken by Malawi ($X), with an 8.6% share of total exports. It was followed by the United States, with a 7.6% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Nigeria stood at +13.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Malawi (+49.8% per year) and the United States (+16.9% per year).

Export Prices by Country

The average totaliser export price stood at $X per unit in 2021, which is down by -40.3% against the previous year. Overall, the export price showed a abrupt descent. The growth pace was the most rapid in 2014 an increase of 36% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Brunei Darussalam ($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 Malawi (+2.5%), while the prices for the other major destinations experienced a decline.

Totaliser Imports

Imports into Hong Kong SAR, China

In 2021, the amount of continuous and discontinuous totalisers imported into Hong Kong SAR reduced remarkably to X units, waning by -21.4% against 2020. In general, imports, however, showed a strong increase. The pace of growth appeared the most rapid in 2014 with an increase of 133%. Imports peaked at X units in 2019; however, from 2020 to 2021, imports remained at a lower figure.

In value terms, totaliser imports contracted remarkably to $X in 2021. Overall, imports continue to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by 441% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, India (X units) constituted the largest supplier of totaliser to Hong Kong SAR, accounting for a 27% share of total imports. Moreover, totaliser imports from India exceeded the figures recorded by the second-largest supplier, Thailand (X units), threefold. Italy (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2021, the average annual growth rate of volume from India amounted to +13.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (0.0% per year) and Italy (0.0% per year).

In value terms, India ($X) constituted the largest supplier of continuous and discontinuous totalisers to Hong Kong SAR, comprising 35% of total imports. The second position in the ranking was taken by China ($X), with a 6.5% share of total imports. It was followed by Malaysia, with a 5% share.

From 2012 to 2021, the average annual growth rate of value from India amounted to +20.6%. The remaining supplying countries recorded the following average annual rates of imports growth: China (-24.4% per year) and Malaysia (+11.4% per year).

Import Prices by Country

The average totaliser import price stood at $X per unit in 2021, which is down by -58.7% against the previous year. In general, the import price showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 an increase of 127%. The import price peaked at $X per unit in 2017; however, from 2018 to 2021, import prices remained at a 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 Germany ($X per unit), while the price for New Zealand ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+24.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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