Report Update Nov 1, 2024

Kuwait - Video Game Consoles - Market Analysis, Forecast, Size, Trends and Insights

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Kuwait: Video Game Console Market 2024

Video Game Console Exports

Exports from Kuwait

After two years of growth, overseas shipments of video game consoles decreased by -91.4% to X units in 2022. Over the period under review, exports, however, showed a perceptible expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 867% against the previous year. The exports peaked at X units in 2021, and then declined markedly in the following year.

In value terms, video game console exports dropped notably to $X in 2022. In general, exports, however, saw a strong increase. The most prominent rate of growth was recorded in 2016 when exports increased by 735% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then reduced remarkably in the following year.

Exports by Country

Qatar (X units) was the main destination for video game console exports from Kuwait, with a 50% share of total exports. Moreover, video game console exports to Qatar exceeded the volume sent to the second major destination, Egypt (X units), threefold. The United Arab Emirates (X units) ranked third in terms of total exports with a 10% share.

From 2012 to 2022, the average annual growth rate of volume to Qatar amounted to -5.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-68.9% per year) and the United Arab Emirates (-20.6% per year).

In value terms, Egypt ($X), the United Arab Emirates ($X) and Qatar ($X) constituted the largest markets for video game console exported from Kuwait worldwide, with a combined 99% share of total exports.

Egypt, with a CAGR of +52.2%, saw the highest rates of growth with regard to 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, increasing by 157% against the previous year. Overall, the export price enjoyed a tangible expansion. The export price peaked at $X per unit in 2020; however, from 2021 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 Egypt ($X per unit), while the average price for exports to Turkey ($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 Egypt (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Kuwait

After two years of growth, purchases abroad of video game consoles decreased by -22.9% to X units in 2022. In general, imports, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2013 with an increase of 124% against the previous year. Imports peaked at X units in 2021, and then shrank significantly in the following year.

In value terms, video game console imports rose rapidly to $X in 2022. Over the period under review, imports, however, continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2014 when imports increased by 113%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X units), the United States (X units) and Vietnam (X units) were the main suppliers of video game console imports to Kuwait, together accounting for 59% of total imports. Japan, the UK, France, Saudi Arabia, Canada, Portugal, Taiwan (Chinese), Australia, Finland and Austria lagged somewhat behind, together comprising a further 33%.

From 2012 to 2022, the biggest increases were recorded for Saudi Arabia (with a CAGR of +501.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, China ($X), the United States ($X) and Japan ($X) constituted the largest video game console suppliers to Kuwait, together comprising 56% of total imports. These countries were followed by Vietnam, the UK, France, Taiwan (Chinese), Canada, Saudi Arabia, Portugal, Australia, Finland and Austria, which together accounted for a further 37%.

Saudi Arabia, with a CAGR of +658.7%, saw the highest growth rate of 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

The average video game console import price stood at $X per unit in 2022, jumping by 43% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($X per unit), while the price for Austria ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+41.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for video game consoles in the world?

The countries with the highest volumes of video game console consumption in 2020 were Germany, China and the U.S., together accounting for 41% of global consumption.

What are the largest producers of video game consoles in the world?

China remains the largest video game console producing country worldwide, comprising approx. 70% of total volume. Moreover, video game console production in China exceeded the figures recorded by the second-largest producer, Japan, sevenfold. Vietnam ranked third in terms of total production with a 3.3% share.

What are the leading suppliers of video game consoles to Kuwait?

In value terms, China constituted the largest supplier of video game console to Kuwait.

What are the leading importers of video game consoles from Kuwait?

In value terms, Egypt emerged as the key foreign market for video game console exports from Kuwait, comprising 70% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 24% share of total exports. It was followed by the UK, with a 4.7% share.

What is the average export price for video game consoles in Kuwait?

The average video game console export price stood at $269 per unit in 2020, picking up by 144% against the previous year.

What is the average import price for video game consoles in Kuwait?

In 2020, the average video game console import price amounted to $293 per unit, waning by -14.4% against the previous year.

This report provides an in-depth analysis of the video game console market in Kuwait. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Prodcom 26406050 - Video game consoles (not operated by means of payments)

Country coverage:

Kuwait

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Kuwait
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023