Venezuela: Video Game Console Market 2025

Video Game Console Exports

Exports from Venezuela

In 2022, approx. X units of video game consoles were exported from Venezuela; falling by -78.6% compared with 2021 figures. In general, exports saw a abrupt curtailment. The growth pace was the most rapid in 2021 when exports increased by 3,525% against the previous year. The exports peaked at X units in 2013; however, from 2014 to 2022, the exports remained at a lower figure.

In value terms, video game console exports contracted notably to $X in 2022. Over the period under review, exports showed a abrupt contraction. The pace of growth was the most pronounced in 2021 with an increase of 4,089%. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

Exports by Country

Guatemala (X units), Chile (X units) and Spain (X units) were the main destinations of video game console exports from Venezuela, with a combined 52% 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 Chile (with a CAGR of +19.6%), while the other leaders experienced a decline.

In value terms, Chile ($X), Spain ($X) and Germany ($X) constituted the largest markets for video game console exported from Venezuela worldwide, with a combined 58% share of total exports.

Chile, with a CAGR of +29.8%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average video game console export price amounted to $X per unit, shrinking by -24.2% against the previous year. In general, the export price, however, enjoyed a noticeable increase. The most prominent rate of growth was recorded in 2017 when the average export price increased by 122% against the previous year. As a result, the export price attained the peak level of $X per unit. From 2018 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($X per unit), while the average price for exports to Guatemala ($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 Guatemala (+17.2%), while the prices for the other major destinations experienced more modest paces of growth.

Video Game Console Imports

Imports into Venezuela

For the third consecutive year, Venezuela recorded growth in supplies from abroad of video game consoles, which increased by 54% to X units in 2022. Overall, imports, however, continue to indicate a dramatic shrinkage. The pace of growth was the most pronounced in 2016 with an increase of 176% against the previous year. Imports peaked at X units in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, video game console imports skyrocketed to $X in 2022. In general, imports, however, saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2018 when imports increased by 179%. Imports peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

The United States (X units) and China (X units) were the main suppliers of video game console imports to Venezuela.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of -24.8%).

In value terms, the United States ($X) constituted the largest supplier of video game consoles to Venezuela, comprising 86% of total imports. The second position in the ranking was held by China ($X), with a 13% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value from the United States totaled -18.9%.

Import Prices by Country

In 2022, the average video game console import price amounted to $X per unit, with an increase of 40% against the previous year. Overall, the import price saw strong growth. The pace of growth was the most pronounced in 2018 an increase of 49%. As a result, import price attained the peak level of $X per unit. From 2019 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($X per unit), while the price for China totaled $X per unit.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Panama (+13.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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