Latin America and the Caribbean: Video Game Console Market 2025

Video Game Console Market Size in Latin America and the Caribbean

In 2022, the Latin American video game console market increased by 32% to $X, rising for the second consecutive year after two years of decline. Over the period under review, consumption, however, recorded 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 Latin America and the Caribbean

In value terms, video game console production contracted modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +3.6% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of 28% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Video Game Console Exports

Exports in Latin America and the Caribbean

Video game console exports dropped to X units in 2022, declining by -6% on 2021 figures. Over the period under review, exports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of 88%. As a result, the exports reached the peak of X units. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, video game console exports expanded slightly to $X in 2022. In general, exports, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2014 with an increase of 78%. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

Mexico (X units) represented roughly 95% of total exports in 2022.

Mexico was also the fastest-growing in terms of the video game consoles (not operated by means of payments) exports, with a CAGR of +7.6% from 2012 to 2022. From 2012 to 2022, the share of Mexico increased by +49 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) also remains the largest video game console supplier in Latin America and the Caribbean.

In Mexico, video game console exports expanded at an average annual rate of +9.4% over the period from 2012-2022.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, rising by 11% against the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 when the export price increased by 39%. Over the period under review, the export prices hit record highs at $X per unit in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Mexico.

From 2012 to 2022, the rate of growth in terms of prices for Mexico amounted to +1.7% per year.

Video Game Console Imports

Imports in Latin America and the Caribbean

In 2022, overseas purchases of video game consoles (not operated by means of payments) increased by 29% to X units, rising for the second consecutive year after three years of decline. Over the period under review, imports, however, saw a pronounced shrinkage. The volume of import peaked at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, video game console imports soared to $X in 2022. In general, imports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by 30%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units), Brazil (X units) and Guatemala (X units) was the main importer of video game consoles (not operated by means of payments) in Latin America and the Caribbean, committing 74% of total import. It was distantly followed by Chile (X units), comprising a 7.6% share of total imports. The following importers - Colombia (X units), Argentina (X units) and Peru (X units) - together made up 10% of total imports.

From 2012 to 2022, the biggest increases were recorded for Guatemala (with a CAGR of +26.7%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Mexico ($X) constitutes the largest market for imported video game consoles (not operated by means of payments) in Latin America and the Caribbean, comprising 54% of total imports. The second position in the ranking was taken by Brazil ($X), with a 19% share of total imports. It was followed by Chile, with a 10% share.

From 2012 to 2022, the average annual growth rate of value in Mexico amounted to +6.8%. In the other countries, the average annual rates were as follows: Brazil (+10.4% per year) and Chile (+0.4% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per unit, which is down by -5.9% against the previous year. Import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +4.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, video game console import price increased by +64.0% against 2014 indices. The most prominent rate of growth was recorded in 2016 when the import price increased by 15% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Mexico ($X per unit), while Guatemala ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (+8.6%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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