Mexico: Coin Game Market 2024

Coin Game Market Size in Mexico

In 2022, the Mexican coin game market increased by 44% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption saw a perceptible increase. Coin game consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Coin Game Production in Mexico

In value terms, coin game production declined to $X in 2022 estimated in export price. Overall, production, however, showed resilient growth. The most prominent rate of growth was recorded in 2017 when the production volume increased by 118% against the previous year. Over the period under review, production attained the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Coin Game Exports

Exports from Mexico

In 2022, exports of games operated by coins, banknotes or discs from Mexico contracted to X units, waning by -1.7% compared with 2021. Overall, exports, however, recorded a significant expansion. The growth pace was the most rapid in 2016 when exports increased by 250%. The exports peaked at X units in 2021, and then contracted modestly in the following year.

In value terms, coin game exports skyrocketed to $X in 2022. In general, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by 101% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

Exports by Country

The United States (X units) was the main destination for coin game exports from Mexico, with a 94% share of total exports. Moreover, coin game exports to the United States exceeded the volume sent to the second major destination, Colombia (X units), more than tenfold.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +22.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+41.3% per year) and Argentina (+41.3% per year).

In value terms, the United States ($X) remains the key foreign market for games operated by coins, banknotes or discs exports from Mexico, comprising 99% of total exports. The second position in the ranking was held by Colombia ($X), with a 0.4% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at +11.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Colombia (+11.5% per year) and Argentina (+8.4% per year).

Export Prices by Country

The average coin game export price stood at $X per unit in 2022, with an increase of 80% against the previous year. Over the period under review, the export price, however, continues to indicate a abrupt contraction. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

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 United States ($X per unit), while the average price for exports to Colombia ($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 United States (-9.0%), while the prices for the other major destinations experienced a decline.

Coin Game Imports

Imports into Mexico

In 2022, supplies from abroad of games operated by coins, banknotes or discs increased by 73% to X units, rising for the second year in a row after four years of decline. Over the period under review, imports posted a buoyant increase. The most prominent rate of growth was recorded in 2016 when imports increased by 129% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, coin game imports skyrocketed to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. Over the period under review, imports reached the peak figure at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X units) constituted the largest supplier of coin game to Mexico, accounting for a 60% share of total imports. Moreover, coin game imports from the United States exceeded the figures recorded by the second-largest supplier, South Korea (X units), fourfold. Taiwan (Chinese) (X units) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States totaled +5.9%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+61.9% per year) and Taiwan (Chinese) (+18.3% per year).

In value terms, the United States ($X), China ($X) and South Korea ($X) constituted the largest coin game suppliers to Mexico, with a combined 83% share of total imports.

South Korea, with a CAGR of +46.3%, recorded the highest rates of growth with regard to 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, dropping by -6.9% against the previous year. Overall, the import price recorded a abrupt downturn. The growth pace was the most rapid in 2017 when the average import price increased by 83% against the previous year. The import price peaked at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+3.4%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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