Hungary: Totaliser Market 2024

Totaliser Market Size in Hungary

In 2021, the Hungarian totaliser market was finally on the rise to reach $X for the first time since 2018, thus ending a two-year declining trend. Overall, consumption enjoyed a significant expansion. Over the period under review, the market hit record highs in 2021 and is likely to see steady growth in the immediate term.

Totaliser Production in Hungary

In value terms, totaliser production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a notable expansion. The pace of growth was the most pronounced in 2018 when the production volume increased by 463%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Totaliser Exports

Exports from Hungary

In 2021, totaliser exports from Hungary soared to X units, increasing by 100% on the year before. Overall, exports, however, saw a abrupt shrinkage. The exports peaked at X units in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, totaliser exports declined notably to $X in 2021. Over the period under review, exports, however, continue to indicate a sharp reduction. The most prominent rate of growth was recorded in 2017 when exports increased by 1.7% against the previous year. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Slovenia (X units), Italy (X units) and Latvia (X units) were the main destinations of totaliser exports from Hungary, with a combined 79% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +142.9%), while the other leaders experienced more modest paces of growth.

In value terms, Serbia ($X) emerged as the key foreign market for continuous and discontinuous totalisers exports from Hungary, comprising 62% of total exports. The second position in the ranking was taken by Romania ($X), with a 27% share of total exports. It was followed by Slovenia, with a 9.7% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Serbia totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Romania (+12.9% per year) and Slovenia (0.0% per year).

Export Prices by Country

The average totaliser export price stood at $X per unit in 2021, dropping by -86.7% against the previous year. In general, the export price showed a sharp decline. The growth pace was the most rapid in 2017 an increase of 39% against the previous year. Over the period under review, the average export prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Italy ($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 Germany (-4.1%), while the prices for the other major destinations experienced a decline.

Totaliser Imports

Imports into Hungary

For the third year in a row, Hungary recorded growth in supplies from abroad of continuous and discontinuous totalisers, which increased by 129% to X units in 2021. Overall, imports saw significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, totaliser imports shrank to $X in 2021. In general, imports posted a strong increase. The most prominent rate of growth was recorded in 2014 when imports increased by 148% against the previous year. Imports peaked at $X in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X units), Turkey (X units) and France (X units) were the main suppliers of totaliser imports to Hungary, with a combined 74% share of total imports. India, Singapore, the Netherlands, China and the UK lagged somewhat behind, together comprising a further 26%.

From 2012 to 2021, the biggest increases were recorded for China (with a CAGR of +35.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) constituted the largest supplier of continuous and discontinuous totalisers to Hungary, comprising 87% of total imports. The second position in the ranking was held by the UK ($X), with a 9.3% share of total imports. It was followed by China, with a 2.2% share.

From 2012 to 2021, the average annual growth rate of value from Germany stood at +23.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+17.5% per year) and China (+35.8% per year).

Import Prices by Country

In 2021, the average totaliser import price amounted to $X per unit, shrinking by -60.5% against the previous year. Overall, the import price continues to indicate a deep downturn. The most prominent rate of growth was recorded in 2015 when the average import price increased by 54%. As a result, import price reached the peak level of $X per unit. From 2016 to 2021, the average import prices remained at a somewhat 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 the UK ($X per unit), while the price for Singapore ($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 UK (+9.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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