Latin America and the Caribbean: Totaliser Market 2024

Totaliser Market Size in Latin America and the Caribbean

In 2021, the Latin American totaliser market increased by 668% to $X for the first time since 2018, thus ending a two-year declining trend. Over the period under review, consumption recorded a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Totaliser Production in Latin America and the Caribbean

In value terms, totaliser production surged to $X in 2021 estimated in export price. Overall, production, however, showed a relatively flat trend pattern. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Totaliser Exports

Exports in Latin America and the Caribbean

In 2021, the amount of continuous and discontinuous totalisers exported in Latin America and the Caribbean reduced to X units, with a decrease of -14.4% on the year before. Over the period under review, exports, however, recorded a resilient expansion. The most prominent rate of growth was recorded in 2020 with an increase of 150%. As a result, the exports reached the peak of X units, and then contracted in the following year.

In value terms, totaliser exports declined dramatically to $X in 2021. Overall, exports recorded a noticeable decrease. The most prominent rate of growth was recorded in 2013 with an increase of 111% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Mexico was the main exporter of continuous and discontinuous totalisers in Latin America and the Caribbean, with the volume of exports reaching X units, which was near 56% of total exports in 2021. Brazil (X units) took a 16% share (based on physical terms) of total exports, which put it in second place, followed by Ecuador (7.1%) and Argentina (5.2%). The following exporters - Costa Rica (X units), Guatemala (X units) and Uruguay (X units) - together made up 9.7% of total exports.

Exports from Mexico increased at an average annual rate of +11.6% from 2012 to 2021. At the same time, Ecuador (+28.4%), Guatemala (+27.7%), Uruguay (+5.8%), Argentina (+3.8%), Costa Rica (+3.2%) and Brazil (+1.7%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of +28.4% from 2012-2021. From 2012 to 2021, the share of Mexico, Ecuador and Guatemala increased by +17, +5.7 and +2.7 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Brazil ($X), Mexico ($X) and Argentina ($X) were the countries with the highest levels of exports in 2021, together accounting for 83% of total exports. These countries were followed by Uruguay, Costa Rica, Guatemala and Ecuador, which together accounted for a further 12%.

Guatemala, with a CAGR of +79.3%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in Latin America and the Caribbean amounted to $X per unit, with a decrease of -42.6% against the previous year. In general, the export price saw a abrupt curtailment. The most prominent rate of growth was recorded in 2019 when the export price increased by 46% against the previous year. The level of export peaked at $X per unit in 2017; however, from 2018 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Uruguay ($X per unit), while Ecuador ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Guatemala (+40.4%), while the other leaders experienced more modest paces of growth.

Totaliser Imports

Imports in Latin America and the Caribbean

For the third consecutive year, LatAmerica and the Caribbean recorded growth in purchases abroad of continuous and discontinuous totalisers, which increased by 265% to X units in 2021. In general, imports showed a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, totaliser imports fell remarkably to $X in 2021. Over the period under review, imports, however, showed a abrupt decrease. The growth pace was the most rapid in 2018 when imports increased by 20% against the previous year. Over the period under review, imports attained the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Mexico represented the major importer of continuous and discontinuous totalisers in Latin America and the Caribbean, with the volume of imports recording X units, which was near 60% of total imports in 2021. Chile (X units) ranks second in terms of the total imports with a 23% share, followed by Bolivia (11%). Brazil (X units) held a little share of total imports.

Mexico was also the fastest-growing in terms of the continuous and discontinuous totalisers imports, with a CAGR of +48.3% from 2012 to 2021. At the same time, Bolivia (+17.6%), Chile (+15.0%) and Brazil (+5.0%) displayed positive paces of growth. From 2012 to 2021, the share of Mexico increased by +50 percentage points.

In value terms, the largest totaliser importing markets in Latin America and the Caribbean were Mexico ($X), Brazil ($X) and Chile ($X), together accounting for 55% of total imports.

In terms of the main importing countries, Mexico, with a CAGR of -5.1%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2021, the import price in Latin America and the Caribbean amounted to $X per unit, declining by -82.6% against the previous year. Overall, the import price continues to indicate a dramatic descent. The pace of growth appeared the most rapid in 2018 when the import price increased by 86% against the previous year. The level of import peaked at $X per unit in 2013; however, from 2014 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 Brazil ($X per unit), while Bolivia ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Brazil (-10.8%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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