Mexico: Video Game Console Market 2024

Video Game Console Market Size in Mexico

In 2022, the Mexican video game console market was finally on the rise to reach $X for the first time since 2018, thus ending a three-year declining trend. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Video Game Console Exports

Exports from Mexico

In 2022, the amount of video game consoles exported from Mexico reduced modestly to X units, waning by -4.4% on 2021. Overall, exports, however, recorded a prominent increase. The most prominent rate of growth was recorded in 2013 with an increase of 89% against the previous year. Over the period under review, the exports reached the maximum at X units in 2017; however, from 2018 to 2022, the exports stood at a somewhat lower figure.

In value terms, video game console exports rose rapidly to $X in 2022. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2013 when exports increased by 107%. Over the period under review, the exports hit record highs at $X in 2015; however, from 2016 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X units) was the main destination for video game console exports from Mexico, with a approx. 99.9% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to the United States stood at +7.9%.

In value terms, the United States ($X) also remains the key foreign market for video game consoles exports from Mexico.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +9.6%.

Export Prices by Country

In 2022, the average video game console export price amounted to $X per unit, growing by 10% against the previous year. Over the period under review, export price indicated slight growth from 2012 to 2022: its price increased at an average annual rate of +1.7% 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 export price increased by +34.5% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the average export price increased by 50%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.6% per year.

Video Game Console Imports

Imports into Mexico

In 2022, purchases abroad of video game consoles was finally on the rise to reach X units for the first time since 2014, thus ending a seven-year declining trend. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when imports increased by 75% against the previous year. Over the period under review, imports reached the peak figure at X units in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, video game console imports skyrocketed to $X in 2022. Over the period under review, total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +38.0% against 2020 indices. The most prominent rate of growth was recorded in 2013 when imports increased by 40%. Over the period under review, imports reached the maximum in 2022 and are likely to see steady growth in years to come.

Imports by Country

In 2022, China (X units) constituted the largest supplier of video game console to Mexico, accounting for a 80% share of total imports. Moreover, video game console imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fivefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from China was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+3.4% per year) and Vietnam (+551.5% per year).

In value terms, China ($X) constituted the largest supplier of video game consoles to Mexico, comprising 80% of total imports. The second position in the ranking was taken by Japan ($X), with a 17% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from China totaled +6.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (+9.4% per year) and Vietnam (+818.1% per year).

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. Overall, the import price, however, enjoyed a resilient increase. The pace of growth was the most pronounced in 2021 an increase of 35% against the previous year. As a result, import price attained the peak level of $X per unit, and then dropped in the following year.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($X per unit), while the price for China ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+39.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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