CIS: Video Game Console Market 2024

Video Game Console Market Size in CIS

The CIS video game console market declined notably to $X in 2022, shrinking by -17.9% against the previous year. In general, consumption, however, showed a relatively flat trend pattern. The level of consumption peaked at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Video Game Console Production in CIS

In value terms, video game console production stood at $X in 2022 estimated in export price. Overall, production showed a abrupt downturn. The growth pace was the most rapid in 2019 when the production volume increased by 11% against the previous year. Over the period under review, production attained the maximum level at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.

Video Game Console Exports

Exports in CIS

In 2022, the amount of video game consoles exported in the CIS fell slightly to X units, reducing by -3.2% against 2021. Overall, exports, however, recorded a resilient increase. The pace of growth was the most pronounced in 2017 when exports increased by 145% against the previous year. The volume of export peaked at X units in 2021, and then shrank slightly in the following year.

In value terms, video game console exports skyrocketed to $X in 2022. In general, exports, however, showed a resilient increase. The growth pace was the most rapid in 2017 when exports increased by 127% against the previous year. The level of export peaked at $X in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

Exports by Country

Russia represented the key exporter of video game consoles in the CIS, with the volume of exports finishing at X units, which was approx. 60% of total exports in 2022. Armenia (X units) ranks second in terms of the total exports with a 24% share, followed by Belarus (15%).

From 2012 to 2022, average annual rates of growth with regard to video game console exports from Russia stood at +15.0%. At the same time, Armenia (+156.4%) and Belarus (+28.7%) displayed positive paces of growth. Moreover, Armenia emerged as the fastest-growing exporter exported in the CIS, with a CAGR of +156.4% from 2012-2022. While the share of Armenia (+24 p.p.) and Belarus (+7.8 p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Russia (-30.4 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest video game console supplier in the CIS, comprising 74% of total exports. The second position in the ranking was held by Armenia ($X), with a 22% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Russia stood at +9.3%. The remaining exporting countries recorded the following average annual rates of exports growth: Armenia (+255.8% per year) and Belarus (+30.2% per year).

Export Prices by Country

The export price in the CIS stood at $X per unit in 2022, growing by 42% against the previous year. Overall, the export price, however, showed a deep reduction. Over the period under review, the export prices attained the maximum at $X per unit in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per unit), while Belarus ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Armenia (+37.7%), while the other leaders experienced mixed trends in the export price figures.

Video Game Console Imports

Imports in CIS

In 2022, video game console imports in the CIS dropped to X units, with a decrease of -6.4% compared with the year before. Over the period under review, imports, however, saw strong growth. The most prominent rate of growth was recorded in 2021 with an increase of 229% against the previous year. As a result, imports reached the peak of X units, and then dropped in the following year.

In value terms, video game console imports fell markedly to $X in 2022. In general, imports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2021 when imports increased by 327% against the previous year. As a result, imports reached the peak of $X, and then declined rapidly in the following year.

Imports by Country

Russia was the key importer of video game consoles in the CIS, with the volume of imports finishing at X units, which was approx. 51% of total imports in 2022. Armenia (X units) held a 30% share (based on physical terms) of total imports, which put it in second place, followed by Kazakhstan (11%). Kyrgyzstan (X units) and Belarus (X units) followed a long way behind the leaders.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Armenia (with a CAGR of +81.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constitutes the largest market for imported video game consoles in the CIS, comprising 81% of total imports. The second position in the ranking was taken by Kazakhstan ($X), with a 9% share of total imports. It was followed by Armenia, with a 2.9% share.

In Russia, video game console imports expanded at an average annual rate of +8.1% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Kazakhstan (+6.2% per year) and Armenia (+50.4% per year).

Import Prices by Country

The import price in the CIS stood at $X per unit in 2022, waning by -31.8% against the previous year. Over the period under review, the import price showed a pronounced slump. The growth pace was the most rapid in 2021 when the import price increased by 30% against the previous year. Over the period under review, import prices hit record highs at $X per unit in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kyrgyzstan (+10.0%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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