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GCC - Video Game Consoles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingGCC: Video Game Console Market 2024
Video Game Console Market Size in GCC
In 2022, the GCC video game console market increased by 36% to $X, rising for the second year in a row after three years of decline. Overall, consumption continues to indicate a remarkable increase. The level of consumption peaked in 2022 and is likely to see steady growth in years to come.
Video Game Console Production in GCC
In value terms, video game console production reduced slightly to $X in 2022 estimated in export price. Overall, production, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when the production volume increased by 18% against the previous year. Over the period under review, production attained the maximum level at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.
Video Game Console Exports
Exports in GCC
After two years of growth, shipments abroad of video game consoles decreased by -50.7% to X units in 2022. Over the period under review, exports recorded a perceptible setback. The pace of growth was the most pronounced in 2014 with an increase of 93%. As a result, the exports attained the peak of X units. From 2015 to 2022, the growth of the exports remained at a lower figure.
In value terms, video game console exports declined dramatically to $X in 2022. In general, exports recorded a abrupt decrease. The most prominent rate of growth was recorded in 2014 when exports increased by 47% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.
Exports by Country
The United Arab Emirates (X units) and Oman (X units) dominates exports structure, together mixing up 95% of total exports. It was distantly followed by Saudi Arabia (X units), achieving a 4.8% share of total exports.
From 2012 to 2022, the biggest increases were recorded for Oman (with a CAGR of +68.6%), while shipments for the other leaders experienced a decline in the exports figures.
In value terms, the United Arab Emirates ($X) remains the largest video game console supplier in GCC, comprising 73% of total exports. The second position in the ranking was taken by Oman ($X), with a 23% share of total exports.
From 2012 to 2022, the average annual growth rate of value in the United Arab Emirates totaled -7.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Oman (+60.9% per year) and Saudi Arabia (-2.5% per year).
Export Prices by Country
In 2022, the export price in GCC amounted to $X per unit, reducing by -10.1% against the previous year. Over the period under review, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of 45%. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then dropped in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per unit), while Oman ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+3.1%), while the other leaders experienced mixed trends in the export price figures.
Video Game Console Imports
Imports in GCC
In 2022, overseas purchases of video game consoles increased by 32% to X units, rising for the second year in a row after three years of decline. Over the period under review, imports recorded a measured expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 79% against the previous year. The volume of import peaked in 2022 and is likely to see steady growth in the immediate term.
In value terms, video game console imports amounted to $X in 2022. Total imports indicated a modest increase from 2012 to 2022: its value increased at an average annual rate of +1.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.5% against 2020 indices. The growth pace was the most rapid in 2021 with an increase of 58% against the previous year. The level of import peaked in 2022 and is expected to retain growth in the immediate term.
Imports by Country
The United Arab Emirates dominates imports structure, amounting to X units, which was near 88% of total imports in 2022. It was distantly followed by Qatar (X units), mixing up a 7.5% share of total imports. Kuwait (X units) followed a long way behind the leaders.
Imports into the United Arab Emirates increased at an average annual rate of +2.6% from 2012 to 2022. At the same time, Qatar (+25.4%) and Kuwait (+15.2%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of +25.4% from 2012-2022. From 2012 to 2022, the share of Qatar and Kuwait increased by +6.4 and +2.8 percentage points, respectively.
In value terms, the United Arab Emirates ($X) constitutes the largest market for imported video game consoles in GCC, comprising 91% of total imports. The second position in the ranking was taken by Kuwait ($X), with a 4.8% share of total imports.
From 2012 to 2022, the average annual rate of growth in terms of value in the United Arab Emirates stood at +7.8%. The remaining importing countries recorded the following average annual rates of imports growth: Kuwait (+21.4% per year) and Qatar (+13.9% per year).
Import Prices by Country
The import price in GCC stood at $X per unit in 2022, reducing by -22.6% against the previous year. In general, the import price showed a perceptible curtailment. The pace of growth was the most pronounced in 2013 when the import price increased by 28%. Over the period under review, import prices reached the peak figure at $X per unit in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Kuwait ($X per unit), while Qatar ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Kuwait (+5.3%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the video game console market in GCC. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 26406050 - Video game consoles (not operated by means of payments)
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in GCC, split by region and country
- Trade (exports and imports) in GCC
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Bahrain
- Kuwait
- Oman
- Qatar
- Saudi Arabia
- United Arab Emirates
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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