Philippines - Video Game Consoles (Not Operated By Means Of Payments) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVideo Game Console Price in the Philippines - 2023
Contents:
- Video Game Console Price in the Philippines (CIF) - 2022
- Video Game Console Price in the Philippines (FOB) - 2022
- Video Game Console Imports in the Philippines
- Video Game Console Exports in the Philippines
Video Game Console Price in the Philippines (CIF) - 2022
The average video game console import price stood at $458 per unit in 2022, with a decrease of -4.5% against the previous year. Overall, import price indicated strong growth from 2017 to 2022: its price increased at an average annual rate of +14.8% over the last five-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, video game console import price increased by +8.6% against 2018 indices. The pace of growth appeared the most rapid in 2018 when the average import price increased by 84% against the previous year. The import price peaked at $480 per unit in 2021, and then shrank slightly in the following year.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Canada ($458 per unit) and Italy ($458 per unit), while the price for Singapore ($458 per unit) and Taiwan (Chinese) ($458 per unit) were amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+58.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Video Game Console Price in the Philippines (FOB) - 2022
In 2022, the average video game console export price amounted to $486 per unit, picking up by 118% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. Over the period under review, the average export prices reached the maximum at $508 per unit in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Australia ($486 per unit), while the average price for exports to Macao SAR totaled $486 per unit.
From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.
Video Game Console Imports in the Philippines
In 2022, video game console imports into the Philippines skyrocketed to 16K units, with an increase of 57% compared with the previous year. Over the period under review, imports saw prominent growth. The most prominent rate of growth was recorded in 2020 with an increase of 101%. As a result, imports attained the peak of 19K units. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, video game console imports surged to $7.3M in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 123%. As a result, imports attained the peak of $7.9M. From 2021 to 2022, the growth of imports remained at a lower figure.
| Import of Video Game Console in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 1,140 | 1,063 | 160 | 5,629 | 70.3% |
| China | 155 | 106 | 1,392 | 741 | 68.5% |
| Hong Kong SAR | 1,365 | 3,362 | 664 | 245 | -43.6% |
| Australia | 307 | 1,643 | 754 | 207 | -12.3% |
| Malaysia | 4.9 | N/A | 18.8 | 171 | 226.8% |
| United States | 112 | 850 | 1,319 | 66.0 | -16.2% |
| Germany | 0.1 | 377 | 0.4 | N/A | 100.0% |
| Slovenia | 400 | 113 | N/A | N/A | -71.8% |
| Others | 67.1 | 407 | 563 | 228 | 50.3% |
| Total | 3,551 | 7,922 | 4,870 | 7,287 | 27.1% |
Top Suppliers of Video Game Console to the Philippines in 2022:
- Singapore (12.3K units)
- China (1.6K units)
- Australia (0.5K units)
- Hong Kong SAR (0.5K units)
- Malaysia (0.4K units)
- United States (0.1K units)
Video Game Console Exports in the Philippines
For the fourth year in a row, the Philippines recorded growth in overseas shipments of video game consoles (not operated by means of payments), which increased by 2,724% to 4.2K units in 2022. Over the period under review, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, video game console exports skyrocketed to $2M in 2022. Overall, exports showed a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Video Game Console in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Macao SAR | N/A | N/A | N/A | 1,843 | 0% |
| Australia | N/A | N/A | 0.2 | 172 | 85900.0% |
| Others | 7.2 | 10.9 | 32.5 | 3.2 | -23.7% |
| Total | 7.2 | 10.9 | 32.7 | 2,018 | 554.4% |
Top Export Markets for Video Game Console from the Philippines in 2022:
- Macao SAR (3.8K units)
- Australia (0.4K units)
This report provides an in-depth analysis of the video game console market in the Philippines. 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:
- Philippines
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Philippines
- 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
- Find deeper insights into current market developments
- 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
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- 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
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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