Colombia: Coin Game Market 2024

Coin Game Market Size in Colombia

The Colombian coin game market contracted sharply to $X in 2022, which is down by -28.2% 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). Over the period under review, consumption saw a deep slump. Coin game consumption peaked at $X in 2013; however, from 2014 to 2022, consumption stood at a somewhat lower figure.

Coin Game Exports

Exports from Colombia

Coin game exports from Colombia fell sharply to X units in 2022, which is down by -38% against 2021 figures. In general, exports, however, continue to indicate a slight increase. The most prominent rate of growth was recorded in 2019 with an increase of 256% against the previous year. As a result, the exports reached the peak of X units. From 2020 to 2022, the growth of the exports failed to regain momentum.

In value terms, coin game exports contracted significantly to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2018 when exports increased by 213% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units) was the main destination for coin game exports from Colombia, accounting for a 79% share of total exports. Moreover, coin game exports to the United States exceeded the volume sent to the second major destination, Peru (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States amounted to +12.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Peru (+21.6% per year) and Panama (-7.3% per year).

In value terms, the largest markets for coin game exported from Colombia were the United States ($X), Peru ($X) and Panama ($X), together comprising 100% of total exports.

In terms of the main countries of destination, Peru, with a CAGR of +10.7%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average coin game export price amounted to $X per unit, rising by 26% against the previous year. In general, the export price, however, recorded a mild decrease. The pace of growth was the most pronounced in 2013 when the average export price increased by 111%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

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 Panama ($X per unit), while the average price for exports to the United States ($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 Guatemala (+51.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Game Imports

Imports into Colombia

In 2022, the amount of games operated by coins, banknotes or discs imported into Colombia reduced rapidly to X units, which is down by -30.3% on 2021 figures. Over the period under review, imports showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 191%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, coin game imports fell significantly to $X in 2022. In general, imports showed a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 104%. Imports peaked at $X in 2013; however, from 2014 to 2022, imports remained at a lower figure.

Imports by Country

The United States (X units), Spain (X units) and China (X units) were the main suppliers of coin game imports to Colombia, together comprising 67% of total imports. Mexico, Slovenia, Austria, Bulgaria, Canada, Taiwan (Chinese), Germany and the UK lagged somewhat behind, together comprising a further 30%.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +65.4%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, the largest coin game suppliers to Colombia were the United States ($X), Slovenia ($X) and Austria ($X), together comprising 73% of total imports. Bulgaria, Spain, Mexico, China, Germany, Canada, Taiwan (Chinese) and the UK lagged somewhat behind, together accounting for a further 26%.

Bulgaria, with a CAGR of +59.5%, saw the highest growth rate of 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

In 2022, the average coin game import price amounted to $X per unit, increasing by 6.9% against the previous year. Overall, the import price saw a notable increase. The most prominent rate of growth was recorded in 2014 an increase of 30%. Over the period under review, average import prices hit record highs at $X per unit in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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 Slovenia ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+79.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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