Belgium: Video Game Console Market 2024

Video Game Console Market Size in Belgium

The Belgian video game console market declined to $X in 2022, which is down by -8.4% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption, however, saw a mild increase. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Video Game Console Exports

Exports from Belgium

In 2022, overseas shipments of video game consoles decreased by -70.7% to X units for the first time since 2017, thus ending a four-year rising trend. Overall, exports saw a abrupt shrinkage. The growth pace was the most rapid in 2020 when exports increased by 103% against the previous year. Over the period under review, the exports attained the maximum at X units in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, video game console exports reduced dramatically to $X in 2022. In general, exports faced a abrupt curtailment. The growth pace was the most rapid in 2020 with an increase of 52% against the previous year. Over the period under review, the exports reached the maximum at $X in 2012; however, from 2013 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X units) was the main destination for video game console exports from Belgium, accounting for a 49% share of total exports. Moreover, video game console exports to the Netherlands exceeded the volume sent to the second major destination, France (X units), fourfold. The third position in this ranking was taken by Switzerland (X units), with a 9.8% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to the Netherlands totaled -7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-24.9% per year) and Switzerland (+27.0% per year).

In value terms, the Netherlands ($X) remains the key foreign market for video game consoles exports from Belgium, comprising 58% of total exports. The second position in the ranking was held by France ($X), with an 8.3% share of total exports. It was followed by Luxembourg, with an 8.3% share.

From 2012 to 2022, the average annual growth rate of value to the Netherlands totaled -7.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (-21.6% per year) and Luxembourg (-3.6% per year).

Export Prices by Country

The average video game console export price stood at $X per unit in 2022, with an increase of 42% against the previous year. In general, the export price saw a noticeable expansion. Over the period under review, the average export prices attained the maximum at $X per unit in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Singapore ($X per unit), while the average price for exports to Italy ($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 Singapore (+17.7%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Belgium

In 2022, after two years of growth, there was significant decline in overseas purchases of video game consoles, when their volume decreased by -55.6% to X units. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2020 when imports increased by 80% against the previous year. Over the period under review, imports reached the peak figure at X units in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, video game console imports reduced notably to $X in 2022. In general, imports recorded a perceptible downturn. The pace of growth appeared the most rapid in 2018 when imports increased by 41% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then declined markedly in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest video game console supplier to Belgium, accounting for a 62% share of total imports. Moreover, video game console imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Poland (X units), fourfold. France (X units) ranked third in terms of total imports with a 9.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled -3.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Poland (+25.8% per year) and France (-0.3% per year).

In value terms, the Netherlands ($X), Poland ($X) and France ($X) were the largest video game console suppliers to Belgium, with a combined 92% share of total imports.

Poland, with a CAGR of +49.7%, 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

The average video game console import price stood at $X per unit in 2022, picking up by 29% against the previous year. Overall, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +7.6% 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 increased by +51.8% against 2020 indices. The growth pace was the most rapid in 2013 when the average import price increased by 31%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+19.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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