Philippines: Coin Game Market 2024

Coin Game Market Size in the Philippines

The Philippine coin game market fell rapidly to $X in 2022, waning by X% against the previous year. Over the period under review, consumption, however, recorded a significant increase. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2022, consumption stood at a somewhat lower figure.

Coin Game Production in the Philippines

In value terms, coin game production reduced remarkably to $X in 2022 estimated in export price. Over the period under review, production, however, showed a strong expansion. The pace of growth appeared the most rapid in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

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Coin Game Exports

Exports from the Philippines

Coin game exports from the Philippines soared to X units in 2022, growing by X% on 2021 figures. Overall, exports enjoyed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, coin game exports soared to $X in 2022. Over the period under review, exports, however, recorded a deep slump. The exports peaked at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

The United States (X units), Mexico (X units) and Taiwan (Chinese) (X units) were the main destinations of coin game exports from the Philippines, with a combined X% share of total exports.

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

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

From 2012 to 2022, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Mexico (X% per year) and Taiwan (Chinese) (X% per year).

Export Prices by Country

In 2022, the average coin game export price amounted to $X per unit, which is down by X% against the previous year. Overall, the export price saw a deep reduction. The growth pace was the most rapid in 2013 when the average export price increased by X% against the previous year. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Malaysia ($X per unit), while the average price for exports to Mexico ($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 Malaysia (X%), while the prices for the other major destinations experienced a decline.

Coin Game Imports

Imports into the Philippines

In 2022, the amount of games operated by coins, banknotes or discs imported into the Philippines surged to X units, picking up by X% on 2021. Over the period under review, imports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2017 to 2022, the growth of imports failed to regain momentum.

In value terms, coin game imports dropped markedly to $X in 2022. In general, imports, however, showed a perceptible downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest supplier of coin game to the Philippines, accounting for a X% share of total imports. Moreover, coin game imports from China exceeded the figures recorded by the second-largest supplier, India (X units), fivefold. The third position in this ranking was taken by Mexico (X units), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X.0% per year) and Mexico (X% per year).

In value terms, Australia ($X) constituted the largest supplier of games operated by coins, banknotes or discs to the Philippines, comprising X% of total imports. The second position in the ranking was held by China ($X), with a X% share of total imports. It was followed by Macao SAR, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Australia stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Macao SAR (X% per year).

Import Prices by Country

In 2022, the average coin game import price amounted to $X per unit, with a decrease of X% against the previous year. Over the period under review, the import price recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform

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