Eastern Asia: Video Game Console Market 2024

Video Game Console Market Size in Eastern Asia

The East Asian video game console market fell to $X in 2022, waning by X% against the previous year. Over the period under review, consumption showed a abrupt curtailment. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Video Game Console Production in Eastern Asia

In value terms, video game console production contracted to $X in 2022 estimated in export price. Overall, production showed a noticeable setback. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, production hit record highs at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Video Game Console Exports

Exports in Eastern Asia

In 2022, approx. X units of video game consoles (not operated by means of payments) were exported in Eastern Asia; increasing by X% compared with the previous year. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the immediate term.

In value terms, video game console exports skyrocketed to $X in 2022. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2017 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the near future.

Exports by Country

China prevails in exports structure, accounting for X units, which was near X% of total exports in 2022. Hong Kong SAR (X units) took a relatively small share of total exports.

China was also the fastest-growing in terms of the video game consoles (not operated by means of payments) exports, with a CAGR of X% from 2012 to 2022. Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of China increased by X percentage points.

In value terms, China ($X) remains the largest video game console supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with a X% share of total exports.

In China, video game console exports expanded at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Asia stood at $X per unit in 2022, shrinking by X% against the previous year. In general, the export price showed a abrupt shrinkage. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2018 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 China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%).

Video Game Console Imports

Imports in Eastern Asia

In 2022, after two years of growth, there was significant decline in purchases abroad of video game consoles (not operated by means of payments), when their volume decreased by X% to X units. Overall, imports showed a mild downturn. The pace of growth appeared the most rapid in 2017 with an increase of X%. The volume of import peaked at X units in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, video game console imports reached $X in 2022. In general, imports, however, continue to indicate a noticeable increase. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2018; afterwards, it flattened through to 2022.

Imports by Country

Japan was the major importing country with an import of around X units, which accounted for X% of total imports. Hong Kong SAR (X units) held the second position in the ranking, distantly followed by China (X units) and South Korea (X units). All these countries together took near X% share of total imports. Taiwan (Chinese) (X units) held a little share of total imports.

From 2012 to 2022, average annual rates of growth with regard to video game console imports into Japan stood at X%. At the same time, China (X%), South Korea (X%) and Taiwan (Chinese) (X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2022. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. Japan (X p.p.), China (X p.p.), South Korea (X p.p.) and Taiwan (Chinese) (X p.p.) significantly strengthened its position in terms of the total imports, while Hong Kong SAR saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Japan ($X) constitutes the largest market for imported video game consoles (not operated by means of payments) in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by China, with a X% share.

In Japan, video game console imports remained relatively stable over the period from 2012-2022. In the other countries, the average annual rates were as follows: Hong Kong SAR (X% per year) and China (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per unit in 2022, picking up by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X%. Over the period under review, import prices hit record highs at $X per unit in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while South Korea ($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 leaders experienced more modest paces of growth.

Source: IndexBox Platform

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