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Hungary - Video Game Consoles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingHungary: Video Game Console Market 2024
Video Game Console Market Size in Hungary
In 2022, the Hungarian video game console market increased by 17% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, showed a mild reduction. Video game console consumption peaked at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.
Video Game Console Production in Hungary
In value terms, video game console production dropped to $X in 2022 estimated in export price. In general, production continues to indicate a abrupt curtailment. The pace of growth appeared the most rapid in 2017 when the production volume increased by 87% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.
Video Game Console Exports
Exports from Hungary
In 2022, after two years of growth, there was significant decline in overseas shipments of video game consoles, when their volume decreased by -27.8% to X units. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 77% against the previous year. The exports peaked at X units in 2021, and then shrank remarkably in the following year.
In value terms, video game console exports reduced rapidly to $X in 2022. In general, exports, however, posted a strong increase. The most prominent rate of growth was recorded in 2020 when exports increased by 119%. The exports peaked at $X in 2021, and then dropped dramatically in the following year.
Exports by Country
Slovakia (X units) was the main destination for video game console exports from Hungary, accounting for a 51% share of total exports. Moreover, video game console exports to Slovakia exceeded the volume sent to the second major destination, Serbia (X units), fourfold. The third position in this ranking was taken by Germany (X units), with a 7.4% share.
From 2012 to 2022, the average annual growth rate of volume to Slovakia totaled -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+65.9% per year) and Germany (-4.4% per year).
In value terms, Slovakia ($X) remains the key foreign market for video game consoles exports from Hungary, comprising 44% of total exports. The second position in the ranking was held by Serbia ($X), with a 22% share of total exports. It was followed by Germany, with a 6.9% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Slovakia was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Serbia (+84.0% per year) and Germany (+0.5% per year).
Export Prices by Country
In 2022, the average video game console export price amounted to $X per unit, waning by -1.7% against the previous year. Overall, export price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 when the average export price increased by 25% against the previous year. The export price peaked at $X per unit in 2021, and then fell slightly in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Serbia ($X per unit), while the average price for exports to Slovakia ($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 Netherlands (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.
Video Game Console Imports
Imports into Hungary
In 2022, supplies from abroad of video game consoles increased by 8.1% to X units, rising for the eighth year in a row after two years of decline. In general, imports saw a strong expansion. The pace of growth was the most pronounced in 2016 when imports increased by 29%. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in years to come.
In value terms, video game console imports expanded sharply to $X in 2022. Overall, imports showed a resilient expansion. The most prominent rate of growth was recorded in 2017 when imports increased by 33%. Imports peaked in 2022 and are expected to retain growth in the near future.
Imports by Country
Slovakia (X units), China (X units) and the Netherlands (X units) were the main suppliers of video game console imports to Hungary, with a combined 81% share of total imports. The Czech Republic, Romania, Bulgaria, Poland and Germany lagged somewhat behind, together comprising a further 15%.
From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +165.1%), while imports for the other leaders experienced more modest paces of growth.
In value terms, Slovakia ($X) constituted the largest supplier of video game consoles to Hungary, comprising 55% of total imports. The second position in the ranking was held by the Netherlands ($X), with a 15% share of total imports. It was followed by the Czech Republic, with an 11% share.
From 2012 to 2022, the average annual growth rate of value from Slovakia stood at +18.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+9.4% per year) and the Czech Republic (+144.5% per year).
Import Prices by Country
In 2022, the average video game console import price amounted to $X per unit, standing approx. at the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 43%. The import price peaked at $X per unit in 2015; however, from 2016 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Poland ($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 the Czech Republic (+9.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the video game console market in Hungary. 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:
- Hungary
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Hungary
- 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
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- 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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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