Global Video Game Console Market 2024

Video Game Console Market Size

The global video game console market reduced to $X in 2022, flattening at the previous year. In general, consumption recorded a perceptible curtailment. As a result, consumption reached the peak level of $X. From 2016 to 2022, the growth of the global market remained at a somewhat lower figure.

Video Game Console Production

In value terms, video game console production declined to $X in 2022 estimated in export price. Over the period under review, production saw a noticeable decline. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2016 to 2022, global production growth remained at a lower figure.

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Video Game Console Exports

Exports

In 2022, after two years of growth, there was significant decline in overseas shipments of video game consoles, when their volume decreased by X% to X units. Over the period under review, exports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2014 when exports increased by X%. Over the period under review, the global exports reached the maximum at X units in 2021, and then reduced in the following year.

In value terms, video game console exports dropped to $X in 2022. Overall, exports, however, showed prominent growth. The pace of growth was the most pronounced in 2020 with an increase of X%. The global exports peaked at $X in 2021, and then declined in the following year.

Exports by Country

China was the largest exporting country with an export of about X units, which finished at X% of total exports. It was distantly followed by the United States (X units), achieving a X% share of total exports. Vietnam (X units), Hong Kong SAR (X units) and the United Arab Emirates (X units) followed a long way behind the leaders.

Exports from China increased at an average annual rate of X% from 2012 to 2022. At the same time, Vietnam (X%), the United Arab Emirates (X%) and the United States (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. China (X p.p.), the United States (X p.p.), Vietnam (X p.p.) and the United Arab Emirates (X p.p.) significantly strengthened its position in terms of the global exports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, China ($X) remains the largest video game console supplier worldwide, comprising X% of global exports. The second position in the ranking was held by Vietnam ($X), with a X% share of global exports. It was followed by the United States, with a X% share.

In China, video game console exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and the United States (X% per year).

Export Prices by Country

The average video game console export price stood at $X per unit in 2022, approximately equating the previous year. In general, export price indicated a moderate expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, video game console export price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by X%. Over the period under review, the average export prices hit record highs at $X per unit in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per unit), while the United States ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other global leaders experienced more modest paces of growth.

Video Game Console Imports

Imports

In 2022, purchases abroad of video game consoles decreased by X% to X units for the first time since 2019, thus ending a two-year rising trend. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of X units, and then declined in the following year.

In value terms, video game console imports contracted to $X in 2022. Over the period under review, total imports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2019 indices. The pace of growth appeared the most rapid in 2020 with an increase of X%. Over the period under review, global imports reached the maximum at $X in 2021, and then declined in the following year.

Imports by Country

In 2022, the United States (X units) was the key importer of video game consoles, committing X% of total imports. The Netherlands (X units) held the second position in the ranking, followed by Germany (X units), the UK (X units), Japan (X units) and Poland (X units). All these countries together took approx. X% share of total imports. The following importers - the United Arab Emirates (X units), France (X units), Hong Kong SAR (X units), Canada (X units), Spain (X units), Australia (X units) and Mexico (X units) - together made up X% of total imports.

From 2012 to 2022, average annual rates of growth with regard to video game console imports into the United States stood at X%. At the same time, the Netherlands (X%), Poland (X%), the United Arab Emirates (X%), Japan (X%), the UK (X%), Spain (X%) and Germany (X%) displayed positive paces of growth. Moreover, the Netherlands emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2022. Australia and Mexico experienced a relatively flat trend pattern. By contrast, France (X%), Canada (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the Netherlands and Poland increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported video game consoles worldwide, comprising X% of global imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of global imports. It was followed by Germany, with an X% share.

In the United States, video game console imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: the Netherlands (X% per year) and Germany (X% per year).

Import Prices by Country

In 2022, the average video game console import price amounted to $X per unit, growing by X% against the previous year. In general, import price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, video game console import price decreased by X% against 2020 indices. The growth pace was the most rapid in 2016 when the average import price increased by X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Spain ($X per unit), while the United Arab Emirates ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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