Latin America and the Caribbean: Video Game Console Market 2024

Video Game Console Market Size in Latin America and the Caribbean

The Latin American video game console market shrank modestly to $X in 2022, declining by X% against the previous year. In general, consumption showed a abrupt setback. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market remained at a lower figure.

Video Game Console Production in Latin America and the Caribbean

In value terms, video game console production shrank to $X in 2022 estimated in export price. Over the period under review, production recorded a deep contraction. The pace of growth was the most pronounced in 2015 with an increase of X%. As a result, production reached the peak level of $X. From 2016 to 2022, production growth failed to regain momentum.

Video Game Console Exports

Exports in Latin America and the Caribbean

In 2022, overseas shipments of video game consoles increased by X% to X units, rising for the second year in a row after three years of decline. Total exports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The volume of export peaked 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 reached $X in 2022. Over the period under review, exports enjoyed a prominent expansion. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2022, the exports failed to regain momentum.

Exports by Country

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

Mexico was also the fastest-growing in terms of the video game consoles exports, with a CAGR of X% from 2012 to 2022. From 2012 to 2022, the share of Mexico increased by X 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.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico totaled X%.

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per unit in 2022, approximately reflecting the previous year. Export price indicated a measured expansion from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2017 indices. The most prominent rate of growth was recorded in 2015 when the export price increased by X%. As a result, the export price attained the peak level of $X per unit. From 2016 to 2022, the 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 Mexico.

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

Video Game Console Imports

Imports in Latin America and the Caribbean

In 2022, purchases abroad of video game consoles increased by X% to X units, rising for the second consecutive year after six years of decline. Over the period under review, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. As a result, imports reached the peak of X units. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, video game console imports surged to $X in 2022. Overall, imports showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Mexico (X units) and Brazil (X units) represented the key importers of video game consoles in Latin America and the Caribbean, together generating X% of total imports. Chile (X units) held the next position in the ranking, followed by Colombia (X units). All these countries together took near X% share of total imports. Argentina (X units), Peru (X units) and Paraguay (X units) took a minor share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Brazil (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Mexico ($X) constitutes the largest market for imported video game consoles in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Brazil ($X), with a X% share of total imports. It was followed by Chile, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Mexico amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Brazil (X% per year) and Chile (X% per year).

Import Prices by Country

The import price in Latin America and the Caribbean stood at $X per unit in 2022, surging by X% against the previous year. In general, the import price posted a resilient increase. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, import prices reached the peak figure in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Mexico ($X per unit), while Brazil ($X per unit) was amongst the lowest.

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

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :