Hong Kong SAR, China: Coin Game Market 2024

Coin Game Market Size in Hong Kong SAR, China

The Hong Kong coin game market skyrocketed to $X in 2022, growing by 957% against the previous year. Over the period under review, consumption showed significant growth. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Coin Game Production in Hong Kong SAR, China

In value terms, coin game production dropped sharply to $X in 2022 estimated in export price. Overall, production saw a significant decline. The most prominent rate of growth was recorded in 2016 when the production volume increased by 11% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2022, production growth remained at a somewhat lower figure.

Coin Game Exports

Exports from Hong Kong SAR, China

In 2022, overseas shipments of games operated by coins, banknotes or discs increased by 377% to X units, rising for the third consecutive year after six years of decline. In general, exports, however, recorded a slight shrinkage. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, coin game exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2013 when exports increased by 45%. As a result, the exports attained the peak of $X. From 2014 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Bangladesh (X units) was the main destination for coin game exports from Hong Kong SAR, with a 36% share of total exports. Moreover, coin game exports to Bangladesh exceeded the volume sent to the second major destination, Brazil (X units), threefold. China (X units) ranked third in terms of total exports with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Bangladesh totaled +65.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Brazil (+75.1% per year) and China (+130.0% per year).

In value terms, China ($X) remains the key foreign market for games operated by coins, banknotes or discs exports from Hong Kong SAR, comprising 41% of total exports. The second position in the ranking was taken by the Philippines ($X), with a 7% share of total exports. It was followed by Japan, with a 5.4% share.

From 2012 to 2022, the average annual growth rate of value to China amounted to -6.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Philippines (+25.2% per year) and Japan (-26.7% per year).

Export Prices by Country

The average coin game export price stood at $X per unit in 2022, reducing by -83.1% against the previous year. Over the period under review, the export price recorded a deep slump. The pace of growth was the most pronounced in 2018 an increase of 888% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to Bangladesh (less than $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 the UK (+77.0%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Game Imports

Imports into Hong Kong SAR, China

For the third consecutive year, Hong Kong SAR recorded growth in purchases abroad of games operated by coins, banknotes or discs, which increased by 910% to X units in 2022. Overall, imports posted a resilient increase. The growth pace was the most rapid in 2020 when imports increased by 922%. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, coin game imports shrank markedly to $X in 2022. Over the period under review, imports, however, faced a deep reduction. The pace of growth appeared the most rapid in 2021 with an increase of 39%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Malaysia (X units) constituted the largest supplier of coin game to Hong Kong SAR, with a 76% share of total imports. Moreover, coin game imports from Malaysia exceeded the figures recorded by the second-largest supplier, China (X units), ninefold. The third position in this ranking was held by Denmark (X units), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Malaysia amounted to +102.1%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+65.9% per year) and Denmark (+589.3% per year).

In value terms, Japan ($X), China ($X) and Malaysia ($X) were the largest coin game suppliers to Hong Kong SAR, together accounting for 48% of total imports. Denmark, the UK and India lagged somewhat behind, together accounting for a further 0.1%.

Among the main suppliers, Denmark, with a CAGR of +9.4%, 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 mixed trend patterns.

Import Prices by Country

The average coin game import price stood at $X per unit in 2022, dropping by -94.2% against the previous year. Over the period under review, the import price saw a sharp setback. The most prominent rate of growth was recorded in 2019 an increase of 1,155% against the previous year. As a result, import price attained the peak level of $X per unit. From 2020 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($X per unit), while the price for India (less than $X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (-6.1%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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