Bulgaria: Coin Game Market 2024

Coin Game Market Size in Bulgaria

The Bulgarian coin game market skyrocketed to $X in 2022, increasing by 276% against the previous year. Overall, consumption enjoyed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Coin Game Production in Bulgaria

In value terms, coin game production contracted sharply to $X in 2022 estimated in export price. Overall, production enjoyed buoyant growth. The pace of growth appeared the most rapid in 2021 with an increase of 48%. As a result, production attained the peak level of $X, and then declined notably in the following year.

Coin Game Exports

Exports from Bulgaria

Coin game exports from Bulgaria surged to X units in 2022, picking up by 101% on 2021 figures. In general, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, coin game exports surged to $X in 2022. Over the period under review, exports recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 74% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Romania (X units), Turkey (X units) and Croatia (X units) were the main destinations of coin game exports from Bulgaria, together comprising 45% of total exports. Mexico, Peru, Serbia, Panama, Italy, North Macedonia, Georgia, Bosnia and Herzegovina, the United States and Germany lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Italy (with a CAGR of +124.8%), while the other leaders experienced more modest paces of growth.

In value terms, Romania ($X) remains the key foreign market for games operated by coins, banknotes or discs exports from Bulgaria, comprising 55% of total exports. The second position in the ranking was held by Turkey ($X), with a 6.6% share of total exports. It was followed by Mexico, with a 4.1% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Romania totaled +28.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Turkey (+40.7% per year) and Mexico (+62.5% per year).

Export Prices by Country

The average coin game export price stood at $X per unit in 2022, dropping by -17.2% against the previous year. Overall, the export price saw a abrupt contraction. The most prominent rate of growth was recorded in 2013 an increase of 83% against the previous year. The export price peaked at $X per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to Croatia ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Serbia (-1.8%), while the prices for the other major destinations experienced a decline.

Coin Game Imports

Imports into Bulgaria

In 2022, approx. X units of games operated by coins, banknotes or discs were imported into Bulgaria; rising by 46% against the previous year. In general, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. Over the period under review, imports hit record highs at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, coin game imports skyrocketed to $X in 2022. Overall, imports posted a moderate expansion. The most prominent rate of growth was recorded in 2013 with an increase of 35% against the previous year. Over the period under review, imports hit record highs at $X in 2017; however, from 2018 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest supplier of coin game to Bulgaria, accounting for a 59% share of total imports. Moreover, coin game imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Germany (X units), sixfold. The third position in this ranking was taken by Italy (X units), with a 9.7% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +8.4%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (+0.1% per year) and Italy (+18.3% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of games operated by coins, banknotes or discs to Bulgaria, comprising 48% of total imports. The second position in the ranking was held by Germany ($X), with an 8.8% share of total imports. It was followed by Austria, with a 7.8% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands stood at +17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (-0.2% per year) and Austria (-3.3% per year).

Import Prices by Country

The average coin game import price stood at $X per unit in 2022, with a decrease of -13.9% against the previous year. Over the period under review, the import price, however, showed a resilient expansion. The most prominent rate of growth was recorded in 2016 an increase of 75% against the previous year. The import price peaked at $X per unit in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Italy ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+16.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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