Italy: Video Game Console Market 2024

Video Game Console Market Size in Italy

In 2022, the Italian video game console market increased by X% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a noticeable decrease. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Video Game Console Production in Italy

In value terms, video game console production fell to $X in 2022 estimated in export price. Over the period under review, production showed a drastic downturn. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

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Video Game Console Exports

Exports from Italy

Video game console exports from Italy declined to X units in 2022, dropping by X% against the year before. In general, exports faced a abrupt descent. The growth pace was the most rapid in 2020 with an increase of X% against the previous year. The exports peaked at X units in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, video game console exports shrank rapidly to $X in 2022. Over the period under review, exports recorded a deep contraction. The most prominent rate of growth was recorded in 2020 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

Exports by Country

France (X units), the UK (X units) and Germany (X units) were the main destinations of video game console exports from Italy, with a combined X% share of total exports. Spain, the Netherlands, Switzerland, Poland, Cyprus, Bulgaria, Austria, the United States, Belgium and Estonia lagged somewhat behind, together comprising a further X%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Estonia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for video game console exported from Italy were the UK ($X), Germany ($X) and Spain ($X), with a combined X% share of total exports. France, Poland, the United States, the Netherlands, Cyprus, Bulgaria, Estonia, Austria, Switzerland and Belgium lagged somewhat behind, together comprising a further X%.

Among the main countries of destination, Estonia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average video game console export price stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by X%. The export price peaked at $X per unit in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per unit), while the average price for exports to Switzerland ($X 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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Italy

In 2022, supplies from abroad of video game consoles (not operated by means of payments) increased by X% to X units, rising for the second consecutive year after three years of decline. Overall, imports, however, showed a deep setback. The growth pace was the most rapid in 2017 when imports increased by X%. Over the period under review, imports reached the maximum at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, video game console imports reached $X in 2022. In general, imports, however, showed a noticeable setback. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest video game console supplier to Italy, with a X% share of total imports. Moreover, video game console imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Spain (X units), threefold. China (X units) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from the Netherlands amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and China (X% per year).

In value terms, the largest video game console suppliers to Italy were the Netherlands ($X), Spain ($X) and Germany ($X), with a combined X% share of total imports. Poland, France, China, Ireland and the UK lagged somewhat behind, together comprising a further X%.

Ireland, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average video game console import price amounted to $X per unit, falling by X% against the previous year. In general, import price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, video game console import price decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of X%. Over the period under review, average import prices hit record highs at $X per unit in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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