Middle East: Totaliser Market 2024

Totaliser Market Size in the Middle East

After two years of decline, the Middle Eastern totaliser market increased by 21% to $X in 2021. The total consumption indicated a pronounced increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -16.0% against 2018 indices. As a result, consumption reached the peak level of $X. From 2019 to 2021, the growth of the market failed to regain momentum.

Totaliser Production in the Middle East

In value terms, totaliser production rose significantly to $X in 2021 estimated in export price. In general, production, however, saw a buoyant increase. The pace of growth was the most pronounced in 2016 with an increase of 55% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2021, production stood at a somewhat lower figure.

Totaliser Exports

Exports in the Middle East

After two years of growth, overseas shipments of continuous and discontinuous totalisers decreased by -79.2% to X units in 2021. Over the period under review, exports recorded a slight reduction. The pace of growth was the most pronounced in 2020 with an increase of 197% against the previous year. As a result, the exports attained the peak of X units, and then contracted significantly in the following year.

In value terms, totaliser exports contracted rapidly to $X in 2021. Overall, exports faced a deep reduction. The growth pace was the most rapid in 2019 with an increase of 95%. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates prevails in exports structure, finishing at X units, which was near 90% of total exports in 2021. It was distantly followed by Turkey (X units), constituting a 7.7% share of total exports.

The United Arab Emirates was also the fastest-growing in terms of the continuous and discontinuous totalisers exports, with a CAGR of +2.4% from 2012 to 2021. Turkey (-14.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of the United Arab Emirates increased by +26 percentage points.

In value terms, Turkey ($X) remains the largest totaliser supplier in the Middle East, comprising 68% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 26% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value in Turkey totaled -22.6%.

Export Prices by Country

In 2021, the export price in the Middle East amounted to $X per unit, almost unchanged from the previous year. In general, the export price, however, showed a deep slump. The pace of growth appeared the most rapid in 2018 when the export price increased by 94% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2016; however, from 2017 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Turkey ($X per unit), while the United Arab Emirates totaled $X per unit.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+1.0%).

Totaliser Imports

Imports in the Middle East

Totaliser imports surged to X units in 2021, rising by 33% against 2020 figures. Overall, imports, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 with an increase of 70% against the previous year. The volume of import peaked at X units in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, totaliser imports rose slightly to $X in 2021. Over the period under review, imports, however, saw a abrupt contraction. The growth pace was the most rapid in 2019 when imports increased by 56% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

The United Arab Emirates represented the largest importer of continuous and discontinuous totalisers in the Middle East, with the volume of imports recording X units, which was near 40% of total imports in 2021. It was distantly followed by Turkey (X units), Iran (X units) and Bahrain (X units), together mixing up a 38% share of total imports. The following importers - Israel (X units), Oman (X units), Lebanon (X units), Kuwait (X units), Iraq (X units), Jordan (X units) and Syrian Arab Republic (X units) - together made up 22% of total imports.

From 2012 to 2021, the biggest increases were recorded for Kuwait (with a CAGR of +21.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Turkey ($X) constitutes the largest market for imported continuous and discontinuous totalisers in the Middle East, comprising 45% of total imports. The second position in the ranking was taken by Israel ($X), with a 14% share of total imports. It was followed by the United Arab Emirates, with a 12% share.

In Turkey, totaliser imports decreased by an average annual rate of -5.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Israel (+4.9% per year) and the United Arab Emirates (-6.7% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per unit, falling by -22.8% against the previous year. Overall, the import price recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2013 an increase of 24%. The level of import peaked at $X per unit in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Israel ($X per unit), while Syrian Arab Republic ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Oman (+4.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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