India: Video Game Console Market 2025

Video Game Console Market Size in India

The Indian video game console market fell markedly to $X in 2022, dropping by -39.2% against the previous year. Overall, consumption, however, continues to indicate prominent growth. As a result, consumption attained the peak level of $X, and then contracted markedly in the following year.

Video Game Console Production in India

In value terms, video game console production stood at $X in 2022 estimated in export price. The total output value increased at an average annual rate of +2.6% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of 20% against the previous year. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Video Game Console Exports

Exports from India

Video game console exports from India amounted to X units in 2022, growing by 2.2% on 2021 figures. Overall, exports posted a buoyant increase. The most prominent rate of growth was recorded in 2015 when exports increased by 4,050%. Over the period under review, the exports attained the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, video game console exports contracted to $X in 2022. In general, exports showed a mild expansion. The most prominent rate of growth was recorded in 2015 when exports increased by 4,569% against the previous year. Over the period under review, the exports reached the maximum at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

The Czech Republic (X units), the United Arab Emirates (X units) and the Netherlands (X units) were the main destinations of video game console exports from India, with a combined 85% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by the Czech Republic (with a CAGR of +60.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for video game console exported from India were the Netherlands ($X), France ($X) and the Czech Republic ($X), together comprising 81% of total exports. These countries were followed by the United Arab Emirates and Romania, which together accounted for a further 15%.

Romania, with a CAGR of +242.7%, recorded the highest growth rate of the value of exports, among 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

The average video game console export price stood at $X per unit in 2022, shrinking by -12.7% against the previous year. Over the period under review, the export price saw a abrupt descent. The most prominent rate of growth was recorded in 2015 an increase of 17%. The export price peaked at $X per unit in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($X per unit), while the average price for exports to the Czech Republic ($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 Romania (+23.4%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into India

In 2022, approx. X units of video game consoles were imported into India; shrinking by -34.7% compared with the year before. Over the period under review, imports, however, continue to indicate measured growth. The pace of growth appeared the most rapid in 2021 when imports increased by 110% against the previous year. Over the period under review, imports reached the maximum at X units in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, video game console imports contracted notably to $X in 2022. In general, imports, however, saw resilient growth. The pace of growth was the most pronounced in 2021 when imports increased by 138% against the previous year. As a result, imports attained the peak of $X, and then shrank significantly in the following year.

Imports by Country

In 2022, the Netherlands (X units) constituted the largest video game console supplier to India, accounting for a 50% share of total imports. Moreover, video game console imports from the Netherlands exceeded the figures recorded by the second-largest supplier, the United Arab Emirates (X units), threefold. Hong Kong SAR (X units) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands amounted to -1.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (-6.4% per year) and Hong Kong SAR (+95.8% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of video game consoles to India, comprising 50% of total imports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 19% share of total imports. It was followed by Hong Kong SAR, with a 15% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands amounted to +849.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the United Arab Emirates (+4.2% per year) and Hong Kong SAR (+110.7% per year).

Import Prices by Country

The average video game console import price stood at $X per unit in 2022, falling by -4.5% against the previous year. Overall, the import price, however, continues to indicate prominent growth. The most prominent rate of growth was recorded in 2017 when the average import price increased by 24% against the previous year. The import price peaked at $X per unit in 2021, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from the Netherlands ($X per unit) and Taiwan (Chinese) ($X per unit), while the price for China ($X per unit) and the United Arab Emirates ($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 Arab Emirates (+11.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :