CIS: Video Game Console Market 2023

Video Game Console Market Size in CIS

The CIS video game console market dropped to $X in 2022, shrinking by -13.7% against the previous year. Over the period under review, consumption showed a mild setback. Over the period under review, the market hit record highs at $X in 2021, and then contracted in the following year.

Video Game Console Production in CIS

In value terms, video game console production stood at $X in 2022 estimated in export price. Overall, production faced a sharp shrinkage. The pace of growth was the most pronounced in 2014 when the production volume increased by 91%. Over the period under review, production attained the peak level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

Video Game Console Exports

Exports in CIS

Video game console exports skyrocketed to X units in 2022, jumping by 22% against 2021 figures. In general, exports showed significant growth. The growth pace was the most rapid in 2017 with an increase of 145%. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the immediate term.

In value terms, video game console exports expanded significantly to $X in 2022. Overall, exports saw buoyant growth. The most prominent rate of growth was recorded in 2017 when exports increased by 127% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Exports by Country

The shipments of the two major exporters of video game consoles (not operated by means of payments), namely Russia and Belarus, represented more than two-thirds of total export.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Belarus (with a CAGR of +55.5%).

In value terms, Russia ($X) remains the largest video game console supplier in the CIS, comprising 70% of total exports. The second position in the ranking was taken by Belarus ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia amounted to +13.8%.

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, dropping by -7.7% against the previous year. In general, the export price showed a deep reduction. The pace of growth was the most pronounced in 2013 an increase of 18% against the previous year. Over the period under review, the export prices reached the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belarus (+6.6%).

Video Game Console Imports

Imports in CIS

After five years of growth, purchases abroad of video game consoles (not operated by means of payments) decreased by -13.4% to X units in 2022. Over the period under review, imports, however, posted a tangible increase. The pace of growth appeared the most rapid in 2017 when imports increased by 86%. The volume of import peaked at X units in 2021, and then reduced in the following year.

In value terms, video game console imports shrank to $X in 2022. Overall, imports saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 when imports increased by 111%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

Russia prevails in imports structure, amounting to X units, which was approx. 84% of total imports in 2022. Belarus (X units) took a 6.6% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (5.3%). Kyrgyzstan (X units) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to video game console imports into Russia stood at +3.7%. At the same time, Kyrgyzstan (+141.7%) and Belarus (+31.4%) displayed positive paces of growth. Moreover, Kyrgyzstan emerged as the fastest-growing importer imported in the CIS, with a CAGR of +141.7% from 2012-2022. By contrast, Kazakhstan (-6.2%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Belarus and Kyrgyzstan increased by +6 and +2.6 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported video game consoles (not operated by means of payments) in the CIS, comprising 84% of total imports. The second position in the ranking was held by Kazakhstan ($X), with a 6.6% share of total imports. It was followed by Belarus, with a 4.8% share.

From 2012 to 2022, the average annual growth rate of value in Russia totaled -3.9%. In the other countries, the average annual rates were as follows: Kazakhstan (+4.6% per year) and Belarus (+25.7% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, surging by 8.3% against the previous year. In general, the import price, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2017 when the import price increased by 13% against the previous year. As a result, import price attained the peak level of $X per unit. From 2018 to 2022, the import prices remained at a somewhat lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kazakhstan (+11.5%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Market Intelligence Platform

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