Slovakia: Video Game Console Market 2024

Video Game Console Market Size in Slovakia

The Slovak video game console market declined remarkably to $X in 2022, reducing by -23% against the previous year. In general, consumption recorded a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2016; however, from 2017 to 2022, consumption stood at a somewhat lower figure.

Video Game Console Production in Slovakia

In value terms, video game console production shrank to $X in 2022 estimated in export price. In general, production, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 when the production volume increased by 675%. Video game console production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Video Game Console Exports

Exports from Slovakia

In 2022, approx. X units of video game consoles were exported from Slovakia; falling by -12.2% against the previous year. Over the period under review, exports, however, saw a resilient increase. The pace of growth was the most pronounced in 2017 with an increase of 116%. The exports peaked at X units in 2019; however, from 2020 to 2022, the exports failed to regain momentum.

In value terms, video game console exports shrank rapidly to $X in 2022. In general, exports, however, enjoyed strong growth. The growth pace was the most rapid in 2017 with an increase of 140%. Over the period under review, the exports attained the maximum at $X in 2018; however, from 2019 to 2022, the exports failed to regain momentum.

Exports by Country

The Czech Republic (X units) was the main destination for video game console exports from Slovakia, accounting for a 50% share of total exports. Moreover, video game console exports to the Czech Republic exceeded the volume sent to the second major destination, Hungary (X units), threefold. The third position in this ranking was held by Poland (X units), with a 6.4% share.

From 2012 to 2022, the average annual growth rate of volume to the Czech Republic amounted to +10.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.3% per year) and Poland (+23.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for video game consoles exports from Slovakia, comprising 49% of total exports. The second position in the ranking was held by Hungary ($X), with a 16% share of total exports. It was followed by Poland, with a 7.9% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the Czech Republic totaled +7.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hungary (+15.3% per year) and Poland (+24.2% per year).

Export Prices by Country

In 2022, the average video game console export price amounted to $X per unit, with a decrease of -3.6% against the previous year. Overall, the export price continues to indicate a pronounced descent. The most prominent rate of growth was recorded in 2016 when the average export price increased by 20%. The export price peaked at $X per unit in 2013; however, from 2014 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Netherlands ($X per unit), while the average price for exports to the United Arab Emirates ($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 the United Arab Emirates (+19.7%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Slovakia

Video game console imports into Slovakia declined sharply to X units in 2022, which is down by -18.1% against the year before. Overall, imports, however, posted a buoyant increase. The pace of growth was the most pronounced in 2016 when imports increased by 182%. Over the period under review, imports hit record highs at X units in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, video game console imports fell markedly to $X in 2022. In general, imports, however, enjoyed measured growth. The most prominent rate of growth was recorded in 2019 with an increase of 84% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Ireland (X units), the UK (X units) and China (X units) were the main suppliers of video game console imports to Slovakia, together accounting for 70% of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Ireland (with a CAGR of +238.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Ireland ($X), the UK ($X) and the Czech Republic ($X) constituted the largest video game console suppliers to Slovakia, with a combined 64% share of total imports.

Among the main suppliers, Ireland, with a CAGR of +262.0%, saw the highest growth rate of the value of imports, 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, which is down by -7.5% against the previous year. Over the period under review, the import price saw a perceptible shrinkage. The pace of growth was the most pronounced in 2017 an increase of 77%. Over the period under review, average import prices attained the peak figure at $X per unit in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Germany ($X per unit), while the price for the UK ($X per unit) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+7.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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