ECOWAS: Coin Game Market 2024

Coin Game Market Size in ECOWAS

The ECOWAS coin game market fell to $X in 2023, waning by X% against the previous year. Overall, consumption, however, showed a noticeable setback. The level of consumption peaked at $X in 2019; however, from 2020 to 2023, consumption stood at a somewhat lower figure.

Coin Game Production in ECOWAS

In value terms, coin game production contracted to $X in 2023 estimated in export price. Over the period under review, production continues to indicate a pronounced reduction. The growth pace was the most rapid in 2014 when the production volume increased by X%. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Coin Game Exports

Exports in ECOWAS

In 2023, coin game exports in ECOWAS reduced remarkably to X units, shrinking by X% against 2022 figures. Over the period under review, exports, however, posted significant growth. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of X units. From 2021 to 2023, the growth of the exports remained at a lower figure.

In value terms, coin game exports skyrocketed to $X in 2023. Overall, exports, however, recorded a buoyant increase. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

Ghana prevails in exports structure, resulting at X units, which was approx. X% of total exports in 2023. It was distantly followed by Sierra Leone (X units), committing a X% share of total exports. Nigeria (X units) followed a long way behind the leaders.

Ghana was also the fastest-growing in terms of the games operated by coins, banknotes or discs exports, with a CAGR of X% from 2012 to 2023. At the same time, Sierra Leone (X%) and Nigeria (X%) displayed positive paces of growth. Ghana (X p.p.) significantly strengthened its position in terms of the total exports, while Nigeria and Sierra Leone saw its share reduced by X% and X% from 2012 to 2023, respectively.

In value terms, Sierra Leone ($X) remains the largest coin game supplier in ECOWAS, comprising X% of total exports. The second position in the ranking was taken by Ghana ($X), with a X% share of total exports.

In Sierra Leone, coin game exports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ghana (X% per year) and Nigeria (X% per year).

Export Prices by Country

In 2023, the export price in ECOWAS amounted to $X per unit, picking up by X% against the previous year. Overall, the export price, however, recorded a deep contraction. The pace of growth was the most pronounced in 2017 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Nigeria ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Sierra Leone (X%), while the other leaders experienced mixed trends in the export price figures.

Coin Game Imports

Imports in ECOWAS

After two years of decline, purchases abroad of games operated by coins, banknotes or discs increased by X% to X units in 2023. In general, imports saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by X%. Over the period under review, imports attained the peak figure at X units in 2020; however, from 2021 to 2023, imports remained at a lower figure.

In value terms, coin game imports soared to $X in 2023. Overall, imports saw a resilient increase. The pace of growth was the most pronounced in 2013 when imports increased by X%. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Burkina Faso (X units) and Guinea (X units) were the largest importers of games operated by coins, banknotes or discs in ECOWAS, together amounting to approx. X% of total imports. Nigeria (X units) ranks next in terms of the total imports with an X% share, followed by Ghana (X%) and Cote d'Ivoire (X%). Senegal (X units) and Niger (X units) followed a long way behind the leaders.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Burkina Faso (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Nigeria ($X), Senegal ($X) and Ghana ($X) were the countries with the highest levels of imports in 2023, with a combined X% share of total imports.

Nigeria, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2023, waning by X% against the previous year. Overall, the import price, however, showed a slight expansion. The pace of growth appeared the most rapid in 2013 when the import price increased by X%. As a result, import price reached the peak level of $X per unit. From 2014 to 2023, the import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Senegal ($X per unit), while Guinea ($X per unit) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Nigeria (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform