Hong Kong SAR, China: Video Game Console Market 2025

Video Game Console Market Size in Hong Kong SAR, China

The Hong Kong video game console market skyrocketed to $X in 2022, with an increase of 258% against the previous year. Over the period under review, consumption continues to indicate a significant expansion. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in years to come.

Video Game Console Production in Hong Kong SAR, China

In value terms, video game console production fell modestly to $X in 2022 estimated in export price. In general, production, however, recorded a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 185% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2022, production growth remained at a lower figure.

Video Game Console Exports

Exports from Hong Kong SAR, China

In 2022, shipments abroad of video game consoles decreased by -43.9% to X units, falling for the fourth year in a row after two years of growth. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2017 with an increase of 312%. The exports peaked at X units in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

In value terms, video game console exports rose to $X in 2022. In general, exports recorded a perceptible decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 312%. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

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 38% share of total exports. The United States, Spain, Japan, South Korea, Poland, Germany, Taiwan (Chinese), Singapore, Russia and Australia lagged somewhat behind, together accounting for a further 51%.

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 +104.3%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for video game console exported from Hong Kong SAR were Vietnam ($X), China ($X) and the UK ($X), together accounting for 38% of total exports. The United States, Spain, Japan, South Korea, Poland, Germany, Taiwan (Chinese), Singapore, Russia and Australia lagged somewhat behind, together accounting for a further 51%.

Poland, with a CAGR of +117.0%, saw the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average video game console export price amounted to $X per unit, surging by 84% against the previous year. Overall, export price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the countries with the highest prices were Vietnam ($X per unit) and Japan ($X per unit), while the average price for exports to Singapore ($X per unit) and South Korea ($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 Russia (+6.2%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Hong Kong SAR, China

In 2022, purchases abroad of video game consoles decreased by -18.2% to X units, falling for the fourth consecutive year after two years of growth. Over the period under review, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2017 with an increase of 199%. Imports peaked at X units in 2018; however, from 2019 to 2022, imports remained at a lower figure.

In value terms, video game console imports fell sharply to $X in 2022. In general, imports showed a pronounced decline. The pace of growth was the most pronounced in 2017 with an increase of 264% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

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 accounting for 87% of total imports.

From 2012 to 2022, the biggest increases were recorded for Japan (with a CAGR of +25.8%), 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), with a combined 87% share of total imports.

Japan, with a CAGR of +34.2%, saw the highest rates of growth with regard to the value of imports, among 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, waning by -4.5% against the previous year. Over the period under review, the import price, however, recorded a strong expansion. The most prominent rate of growth was recorded in 2017 an increase of 22% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2021, and then contracted 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 UK (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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