Panama: Coin Game Market 2024

Coin Game Market Size in Panama

The Panamanian coin game market declined to $X in 2022, waning by -14% against the previous year. In general, consumption, however, posted a prominent expansion. Coin game consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Coin Game Production in Panama

In value terms, coin game production reduced remarkably to $X in 2022 estimated in export price. Overall, production saw a slight contraction. The pace of growth appeared the most rapid in 2019 with an increase of 67%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Coin Game Exports

Exports from Panama

In 2022, coin game exports from Panama fell markedly to X units, reducing by -19.7% against the previous year's figure. In general, exports showed a deep contraction. The pace of growth was the most pronounced in 2018 with an increase of 1,881% against the previous year. Over the period under review, the exports hit record highs at X units in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, coin game exports fell significantly to $X in 2022. Overall, exports continue to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2018 when exports increased by 2,101%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X units), Colombia (X units) and Bulgaria (X units) were the main destinations of coin game exports from Panama, with a combined 64% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bulgaria (with a CAGR of +28.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Chile ($X) emerged as the key foreign market for games operated by coins, banknotes or discs exports from Panama, comprising 41% of total exports. The second position in the ranking was taken by Guatemala ($X), with a 19% share of total exports. It was followed by Bulgaria, with a 12% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Chile amounted to +7.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Guatemala (+38.1% per year) and Bulgaria (+38.5% per year).

Export Prices by Country

In 2022, the average coin game export price amounted to $X per unit, growing by 5.2% against the previous year. Overall, the export price recorded resilient growth. The growth pace was the most rapid in 2019 when the average export price increased by 459%. As a result, the export price attained the peak level of $X per unit. From 2020 to 2022, the average 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 Chile ($X per unit), while the average price for exports to Ecuador ($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 Chile (+52.9%), while the prices for the other major destinations experienced more modest paces of growth.

Coin Game Imports

Imports into Panama

In 2022, approx. X units of games operated by coins, banknotes or discs were imported into Panama; dropping by -26.8% compared with the previous year's figure. Over the period under review, imports, however, showed significant growth. The pace of growth was the most pronounced in 2017 when imports increased by 15,241%. As a result, imports attained the peak of X units. From 2018 to 2022, the growth of imports remained at a lower figure.

In value terms, coin game imports declined slightly to $X in 2022. Overall, imports, however, continue to indicate significant growth. The growth pace was the most rapid in 2017 when imports increased by 16,785% against the previous year. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X units), Free Zones (X units) and the United States (X units) were the main suppliers of coin game imports to Panama, together accounting for 57% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the United States (with a CAGR of +111.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Free Zones ($X), the United States ($X) and China ($X) constituted the largest coin game suppliers to Panama, together comprising 59% of total imports. Mexico, Spain, the UK and Chile lagged somewhat behind, together accounting for a further 13%.

Among the main suppliers, Mexico, with a CAGR of +134.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average coin game import price stood at $X per unit in 2022, with an increase of 31% against the previous year. Overall, the import price, however, saw a perceptible contraction. The pace of growth appeared the most rapid in 2015 an increase of 54% against the previous year. Over the period under review, average import prices attained the peak figure 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 the United States ($X per unit), while the price for Chile ($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 (+19.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform