Cinema Tickets - Papua New Guinea

Papua New Guinea

Highlights

Revenue in the Cinema Tickets market is projected to reach US$461.00k in 2024.
Revenue is expected to show an annual growth rate (CAGR 2024-2028) of 5.70%, resulting in a projected market volume of US$575.40k by 2028.
In the Cinema Tickets market, the number of users is expected to amount to 111.8k users by 2028.
User penetration will be 1.0% in 2024 and is expected to hit 1.0% by 2028.
The average revenue per user (ARPU) is expected to amount to US$5.05.
In global comparison, most revenue will be generated China (US$6.96bn in 2024).
With a projected rate of 22.8%, the user penetration in the Cinema Tickets market is highest Norway.

Key regions:

Market definitionIn-Scope/Out-of-scopeMarket structureReportsMethodology

The Cinema Tickets market in Papua New Guinea is experiencing steady growth due to several factors.

Customer preferences: Customers in Papua New Guinea have shown a growing interest in cinema tickets. This can be attributed to the increasing popularity of movies and the desire for entertainment among the population. Additionally, the younger generation, in particular, is more inclined towards watching movies in cinemas as opposed to other forms of entertainment.

Trends in the market: One of the key trends in the Cinema Tickets market in Papua New Guinea is the rise of multiplex cinemas. These cinemas offer multiple screens and a variety of movie options, catering to a wider audience. This trend has gained momentum in recent years, with more multiplex cinemas opening up in urban areas. The availability of a larger number of screens allows for a greater choice of movies and showtimes, attracting more customers to the cinema experience. Another trend in the market is the increasing popularity of 3D and IMAX movies. These formats offer a more immersive and visually appealing experience, attracting customers who are willing to pay a premium for a higher quality movie-watching experience. The demand for 3D and IMAX movies has led to an increase in the number of cinemas equipped with these technologies.

Local special circumstances: Papua New Guinea has a diverse population with different cultural backgrounds and languages. This diversity is reflected in the types of movies that are popular in the country. Local movies, as well as movies from neighboring countries such as Australia and the Philippines, are well-received by the audience. Cinemas in Papua New Guinea often cater to this demand by screening a mix of international and local movies, ensuring a wide variety of options for moviegoers.

Underlying macroeconomic factors: The growing middle class in Papua New Guinea is an important driver of the Cinema Tickets market. As disposable incomes increase, more people are able to afford the luxury of going to the cinema. Additionally, the overall economic growth in the country has led to increased investment in infrastructure, including the development of shopping malls and entertainment complexes that house cinemas. This has made cinema tickets more accessible to a larger population. In conclusion, the Cinema Tickets market in Papua New Guinea is developing due to the preferences of customers, the emergence of new trends, local special circumstances, and underlying macroeconomic factors. The growth of multiplex cinemas, the popularity of 3D and IMAX movies, the demand for a mix of international and local movies, and the increasing disposable incomes of the middle class are all contributing to the expansion of the market.

Data coverage:

The data encompasses B2C enterprises. Figures are based on Gross Merchandise Value (GMV) and represent what consumers pay for these products and services. The user metrics show the number of customers who have made at least one online purchase within the past 12 months.

Modeling approach / Market size:

Market sizes are determined through a bottom-up approach, building on predefined factors for each market segment. As a basis for evaluating markets, we use annual financial reports of the market-leading companies, third-party studies and reports, as well as survey results from our primary research (e.g., the Statista Global Consumer Survey). In addition, we use relevant key market indicators and data from country-specific associations, such as GDP, GDP per capita, and internet connection speed. This data helps us estimate the market size for each country individually.

Forecasts:

In our forecasts, we apply diverse forecasting techniques. The selection of forecasting techniques is based on the behavior of the relevant market. For example, the S-curve function and exponential trend smoothing. The main drivers are internet users, urban population, usage of key players, and attitudes toward online services.

Additional notes:

The market is updated twice a year in case market dynamics change. The impact of the COVID-19 pandemic and the Russia-Ukraine war are considered at a country-specific level. GCS data is reweighted for representativeness.