India: Totaliser Market 2024

Totaliser Market Size in India

The Indian totaliser market fell to $X in 2021, with a decrease of -8.3% 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). In general, consumption, however, showed a significant expansion. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Totaliser Exports

Exports from India

In 2021, shipments abroad of continuous and discontinuous totalisers increased by 287% to X units, rising for the second year in a row after two years of decline. In general, exports continue to indicate a resilient expansion. Over the period under review, the exports attained the peak figure at X units in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

In value terms, totaliser exports skyrocketed to $X in 2021. Over the period under review, exports recorded strong growth. The most prominent rate of growth was recorded in 2018 when exports increased by 61%. As a result, the exports attained the peak of $X. From 2019 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X units), the United States (X units) and Cote d'Ivoire (X units) were the main destinations of totaliser exports from India, together comprising 45% of total exports. These countries were followed by Bhutan, Nepal, Saudi Arabia, Kenya, Singapore, Mozambique, Democratic Republic of the Congo, Nigeria and Sri Lanka, which together accounted for a further 36%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Bhutan (with a CAGR of +487.5%), while the other leaders experienced more modest paces of growth.

In value terms, Saudi Arabia ($X) emerged as the key foreign market for continuous and discontinuous totalisers exports from India, comprising 36% of total exports. The second position in the ranking was held by Bangladesh ($X), with a 7.4% share of total exports. It was followed by the United States, with a 5.9% share.

From 2012 to 2021, the average annual growth rate of value to Saudi Arabia stood at +119.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bangladesh (+25.1% per year) and the United States (+2.8% per year).

Export Prices by Country

The average totaliser export price stood at $X per unit in 2021, shrinking by -65.5% against the previous year. In general, the export price continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2018 an increase of 659% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2019 to 2021, the average export prices remained at a somewhat lower figure.

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 Saudi Arabia ($X per unit), while the average price for exports to Bhutan ($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 Democratic Republic of the Congo (+161.9%), while the prices for the other major destinations experienced more modest paces of growth.

Totaliser Imports

Imports into India

In 2021, approx. X units of continuous and discontinuous totalisers were imported into India; picking up by 37% compared with the year before. In general, imports enjoyed a significant increase. The pace of growth was the most pronounced in 2019 when imports increased by 2,763% against the previous year. 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 declined rapidly to $X in 2021. Over the period under review, imports posted resilient growth. The growth pace was the most rapid in 2014 when imports increased by 108%. Imports peaked at $X in 2017; however, from 2018 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, China (X units) constituted the largest supplier of totaliser to India, with a 84% share of total imports. Moreover, totaliser imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), eightfold. The third position in this ranking was held by Germany (X units), with a 2.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +60.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+59.6% per year) and Germany (+47.6% per year).

In value terms, Japan ($X), China ($X) and the United States ($X) appeared to be the largest totaliser suppliers to India, together accounting for 79% of total imports.

The United States, with a CAGR of +40.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average totaliser import price stood at $X per unit in 2021, with a decrease of -38.2% against the previous year. In general, the import price recorded a sharp setback. The most prominent rate of growth was recorded in 2018 when the average import price increased by 15,728% against the previous year. As a result, import price attained the peak level of $X per unit. From 2019 to 2021, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China ($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 United States (-13.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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