Kuwait: Coin Game Market 2024

Coin Game Market Size in Kuwait

The Kuwaiti coin game market amounted to $X in 2022, therefore, remained relatively stable 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, however, recorded a deep contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Coin Game Exports

Exports from Kuwait

For the fourth year in a row, Kuwait recorded decline in overseas shipments of games operated by coins, banknotes or discs, which decreased by -6.2% to X units in 2022. In general, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2018 with an increase of 116%. The exports peaked at X units in 2014; however, from 2015 to 2022, the exports failed to regain momentum.

In value terms, coin game exports skyrocketed to $X in 2022. Over the period under review, exports recorded a sharp decline. The pace of growth was the most pronounced in 2013 when exports increased by 99%. As a result, the exports reached the peak of $X. From 2014 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Qatar (X units) was the main destination for coin game exports from Kuwait, accounting for a 80% share of total exports. Moreover, coin game exports to Qatar exceeded the volume sent to the second major destination, the United Arab Emirates (X units), sixfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Qatar totaled +28.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (-26.1% per year) and Italy (-12.9% per year).

In value terms, Italy ($X), the UK ($X) and Qatar ($X) were the largest markets for coin game exported from Kuwait worldwide, together comprising 97% of total exports.

Qatar, with a CAGR of +34.7%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average coin game export price amounted to $X per unit, rising by 44% against the previous year. Overall, the export price, however, showed a drastic downturn. The pace of growth appeared the most rapid in 2016 an increase of 167%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($X per unit), while the average price for exports to the United Arab Emirates ($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 (+50.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Game Imports

Imports into Kuwait

In 2022, imports of games operated by coins, banknotes or discs into Kuwait expanded slightly to X units, surging by 2.8% against the previous year's figure. In general, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 125%. Over the period under review, imports reached the peak figure at X units in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, coin game imports reduced modestly to $X in 2022. Overall, imports, however, showed a abrupt descent. The most prominent rate of growth was recorded in 2014 when imports increased by 116% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X units) constituted the largest coin game supplier to Kuwait, with a 71% share of total imports. Moreover, coin game imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fourfold. The third position in this ranking was taken by the United States (X units), with a 4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China amounted to +9.4%. The remaining supplying countries recorded the following average annual rates of imports growth: India (-21.0% per year) and the United States (-27.6% per year).

In value terms, China ($X) constituted the largest supplier of games operated by coins, banknotes or discs to Kuwait, comprising 50% of total imports. The second position in the ranking was held by Italy ($X), with a 6.2% share of total imports. It was followed by the United States, with a 4.2% share.

From 2012 to 2022, the average annual rate of growth in terms of value from China stood at +1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Italy (-9.8% per year) and the United States (-34.4% per year).

Import Prices by Country

In 2022, the average coin game import price amounted to $X per unit, which is down by -4.4% against the previous year. Overall, the import price recorded a perceptible decline. The most prominent rate of growth was recorded in 2020 an increase of 128% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2013; however, from 2014 to 2022, import prices remained at a 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 Italy ($X per unit), while the price for India ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+8.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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