Hong Kong SAR, China: Video Game Console Market 2025

Video Game Console Market Size in Hong Kong SAR, China

In 2022, after three years of growth, there was significant decline in the Hong Kong video game console market, when its value decreased by -20.9% to $X. Overall, consumption, however, showed a relatively flat trend pattern. Over the period under review, the market reached the maximum level at $X in 2016; however, from 2017 to 2022, consumption failed to regain momentum.

Video Game Console Production in Hong Kong SAR, China

In value terms, video game console production amounted to $X in 2022 estimated in export price. Overall, production, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the production volume increased by 4.4%. Over the period under review, production attained the peak level at $X in 2020; afterwards, it flattened through to 2022.

Video Game Console Exports

Exports from Hong Kong SAR, China

In 2022, after three years of decline, there was growth in shipments abroad of video game consoles (not operated by means of payments), when their volume increased by 1.7% to X units. Overall, exports, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in 2017 with an increase of 307%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, video game console exports stood at $X in 2022. In general, exports, however, continue to indicate a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 312%. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam (X units), China (X units) and the UK (X units) were the main destinations of video game console exports from Hong Kong SAR, with a combined 39% share of total exports. These countries were followed by the United States, Spain, Japan, South Korea, Poland, Germany, Taiwan (Chinese), Singapore, Russia and Australia, which together accounted for a further 52%.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Poland (with a CAGR of +117.0%), while the other leaders experienced more modest paces of growth.

In value terms, Vietnam ($X), China ($X) and the UK ($X) appeared to be the largest markets for video game console exported from Hong Kong SAR worldwide, with a combined 38% share of total exports. These countries were followed by the United States, Spain, Japan, South Korea, Poland, Germany, Taiwan (Chinese), Singapore, Russia and Australia, which together accounted for a further 51%.

In terms of the main countries of destination, Poland, with a CAGR of +117.0%, 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, remaining stable against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 when the average export price increased by 4.1%. As a result, the export price reached the peak level of $X per unit. From 2014 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Poland ($X per unit) and Vietnam ($X per unit), while the average price for exports to Russia ($X per unit) and Spain ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Poland (-0.0%), while the prices for the other major destinations experienced a decline.

Video Game Console Imports

Imports into Hong Kong SAR, China

In 2022, overseas purchases of video game consoles (not operated by means of payments) decreased by -18.2% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2017 with an increase of 199%. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, video game console imports fell markedly to $X in 2022. Overall, imports saw a noticeable setback. The most prominent rate of growth was recorded in 2017 when imports increased by 264% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports remained at a lower figure.

Imports by Country

China (X units), Japan (X units) and the United States (X units) were the main suppliers of video game console imports to Hong Kong SAR, together comprising 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +24.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest video game console suppliers to Hong Kong SAR were China ($X), Japan ($X) and the United States ($X), together accounting for 87% of total imports.

Among the main suppliers, Japan, with a CAGR of +34.2%, recorded the highest growth rate of the value of imports, 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, waning by -4.5% against the previous year. Overall, the import price, however, showed a resilient expansion. The pace of growth appeared the most rapid in 2017 an increase of 22% against the previous year. Over the period under review, average import prices attained the maximum at $X per unit in 2021, and then shrank modestly in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Japan ($X per unit) and the United States ($X per unit), while the price for Singapore ($X per unit) and the UK ($X per unit) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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