Report Update: Apr 1, 2024

Hungary - Video Game Consoles (Not Operated By Means Of Payments) - Market Analysis, Forecast, Size, Trends And Insights

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Video Game Console Price in Hungary - 2023

Video Game Console Price in Hungary (CIF) - 2023

The average video game console import price stood at $427 per unit in July 2023, with an increase of 21% against the previous month. Over the period under review, import price indicated a buoyant increase from July 2022 to July 2023: its price increased at an average monthly rate of +6.3% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, video game console import price increased by +26.3% against December 2022 indices. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 59% m-o-m. Over the period under review, average import prices reached the maximum in July 2023.

Prices varied noticeably by the country of origin: the country with the highest price was the Netherlands ($499 per unit), while the price for China ($86.0 per unit) was amongst the lowest.

From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Romania (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Video Game Console Price in Hungary (FOB) - 2022

The average video game console export price stood at $359 per unit in 2022, reducing by -4.8% against the previous year. Over the period under review, export price indicated resilient growth from 2012 to 2022: its price increased at an average annual rate of +5.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2014 when the average export price increased by 28% against the previous year. Over the period under review, the average export prices hit record highs at $377 per unit in 2021, and then shrank in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($603 per unit), while the average price for exports to the United States ($167 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 Norway (+25.3%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports in Hungary

In 2022, approx. 201K units of video game consoles (not operated by means of payments) were imported into Hungary; rising by 21% on 2021 figures. Over the period under review, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +18.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +64.5% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, video game console imports expanded sharply to $47M in 2022. The total import value increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 13% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in the near future.

Import of Video Game Console in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	21.9	18.4	28.5	25.8	5.6%
Netherlands	6.3	4.9	1.7	6.9	3.1%
Czech Republic	2.0	3.4	5.2	5.3	38.4%
Romania	0.1	0.1	0.2	2.9	207.2%
China	1.0	4.9	3.0	2.2	30.1%
Poland	3.5	3.9	1.8	1.6	-23.0%
Bulgaria	N/A	N/A	N/A	1.2	0%
Others	2.7	1.7	1.8	1.4	-19.7%
Total	37.4	37.4	42.2	47.3	8.1%

Top Suppliers of Video Game Console to Hungary in 2022:

Slovakia (90.5K units)
China (46.7K units)
Netherlands (25.4K units)
Czech Republic (13.7K units)
Romania (6.9K units)
Bulgaria (5.1K units)
Poland (3.9K units)

Video Game Console Exports in Hungary

After three years of growth, shipments abroad of video game consoles (not operated by means of payments) decreased by -18.8% to 52K units in 2022. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +19.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 with an increase of 77% against the previous year. The exports peaked at 64K units in 2021, and then fell notably in the following year.

In value terms, video game console exports shrank markedly to $19M in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. Over the period under review, the exports attained the peak figure at $24M in 2021, and then shrank rapidly in the following year.

Export of Video Game Console in Hungary (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Slovakia	4.4	14.9	16.6	8.6	25.0%
Serbia	0.2	0.7	1.8	4.2	175.9%
Germany	0.4	0.1	0.5	1.3	48.1%
Czech Republic	0.2	0.2	1.0	1.2	81.7%
United Kingdom	0.8	2.0	1.9	1.2	14.5%
Netherlands	N/A	N/A	0.3	0.7	133.3%
United States	N/A	0.5	0.5	0.2	-36.8%
Poland	1.2	0.6	0.5	0.2	-45.0%
Others	1.8	1.1	1.2	1.1	-15.1%
Total	9.1	20.1	24.2	18.7	27.1%

Top Export Markets for Video Game Console from Hungary in 2022:

Slovakia (27.7K units)
Serbia (6.9K units)
Germany (4.0K units)
United Kingdom (3.8K units)
Czech Republic (3.2K units)
Netherlands (2.1K units)
United States (1.4K units)
Poland (0.6K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the video game console market in Hungary. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26406050 - Video game consoles (not operated by means of payments)

Country coverage:

Hungary

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Hungary
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023