Report Update: May 1, 2024

Vietnam - 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 Vietnam - 2021

Video Game Console Price in Vietnam (FOB) - 2022

The average video game console export price stood at $367 per unit in 2022, with a decrease of -13.9% against the previous year. Overall, the export price saw a mild slump. The pace of growth appeared the most rapid in 2016 when the average export price increased by 38% against the previous year. The export price peaked at $426 per unit in 2021, and then contracted in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($575 per unit), while the average price for exports to Germany ($332 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 Spain (+28.7%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Price in Vietnam (CIF) - 2022

In 2022, the average video game console import price amounted to $32 per unit, falling by -41.4% against the previous year. Over the period under review, the import price continues to indicate a deep setback. The pace of growth appeared the most rapid in 2014 when the average import price increased by 34%. The import price peaked at $146 per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($175 per unit), while the price for Hong Kong SAR ($30 per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+12.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Video Game Console Exports in Vietnam

In 2022, the amount of video game consoles (not operated by means of payments) exported from Vietnam soared to 2M units, increasing by 69% compared with the year before. Over the period under review, exports recorded a resilient increase. The most prominent rate of growth was recorded in 2020 when exports increased by 146% against the previous year. As a result, the exports attained the peak of 2.8M units. From 2021 to 2022, the growth of the exports failed to regain momentum.

In value terms, video game console exports skyrocketed to $727M in 2022. In general, exports posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 202%. As a result, the exports reached the peak of $955M. From 2021 to 2022, the growth of the exports remained at a lower figure.

Export of Video Game Console in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
United States	N/A	N/A	N/A	561	0%
China	42.6	0.1	107	43.2	0.5%
Spain	N/A	142	59.0	27.8	-55.8%
Canada	87.9	137	122	27.6	-32.0%
Japan	80.9	272	106	25.7	-31.8%
Germany	39.2	155	58.8	14.3	-28.5%
Mexico	0.6	161	9.2	10.4	158.8%
Netherlands	43.7	57.5	0.1	6.7	-46.5%
Others	21.6	31.0	38.1	10.2	-22.1%
Total	316	955	499	727	32.0%

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

United States (1573.2K units)
China (88.9K units)
Canada (77.3K units)
Japan (72.2K units)
Spain (48.3K units)
Germany (43.1K units)
Mexico (29.2K units)
Netherlands (17.5K units)

Video Game Console Imports in Vietnam

In 2022, approx. 160K units of video game consoles (not operated by means of payments) were imported into Vietnam; growing by 68% compared with the previous year's figure. Over the period under review, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, video game console imports dropped slightly to $5.1M in 2022. In general, imports, however, recorded a deep contraction. The pace of growth appeared the most rapid in 2021 with an increase of 3.6%. Imports peaked at $7.3M in 2019; however, from 2020 to 2022, imports failed to regain momentum.

Import of Video Game Console in Vietnam (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Hong Kong SAR	4.0	3.6	4.3	4.4	3.2%
China	1.7	0.7	0.3	0.3	-43.9%
Singapore	1.3	0.6	0.3	0.2	-46.4%
South Korea	0.2	0.2	0.2	0.2	0.0%
Others	0.1	N/A	N/A	N/A	0%
Total	7.3	5.0	5.2	5.1	-11.3%

Top Suppliers of Video Game Console to Vietnam in 2022:

Hong Kong SAR (147.6K units)
China (5.9K units)
South Korea (4.7K units)
Singapore (1.3K units)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the video game console market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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
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