Research shows that Global Box Office saw a 27% increase in 2022, reaching $26 billion total
Global cinema box office In 2022, revenue was $26 Billion, which is 27% more than 2021, but still very far below pre-pandemic levels.
Research firm estimates that the final year will end Dec. 31, 2022. Gower Street Analytics The global gross box-office takings were estimated at $25.9 billion. This compares to $21.4 billion in 2021.
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The 2022 number is 35% less than the 2017-19 median in the three prior years to COVID-19, which shook the global film industry. Gower Street projects that the 2022 number will result in a loss of 14 billion dollars annually in gross revenues.
It was the most grossing territory in 2020 and 2021. China relinquished the box office crown to the North American (aka ‘domestic’) market in 2022.
Comscore Movies reports that the North American movie market reached $7.5 billion in 2022. This was 65% more than 2021 but 35% less than the 2017-2019 average.
China was estimated to have reached $4.33 billion in the end, 36% below 2021. The 2022 China figure was fully 49% down on the country’s pre-pandemic three-year average. Other analysts reported that China’s annual total for 2022 was the lowest in 11 years.
The global market (excluding North America and China) was estimated to have reached $14.1 billion by 2022. This represents a 55% increase compared to 2021 and 29% less than the 2017-2019 average. The three-year average for the North American and Chinese markets was better than any of the key regions.
Europe, Middle East, and Africa accounted for $7.1 billion. This is 31% less than the pre-pandemic average, and 52% more than 2021.
Asia Pacific (excluding China), was estimated to have brought in $5.2 billion in 2022. That’s 26% less than the 2017-2019 median and 49% more than 2021. Japan, which was 9.4% less than its pre-pandemic average of $1.5 billion, was the star market in 2022.
Latin America generated nearly $1.8billion, a 30% drop from the average for the three-year period. However, it showed the greatest growth over 2021 at 87%.
The firm tracked Russia as the lowest performing market, compared to levels before the pandemic. Russia’s revenues dropped 43% over 2021, a figure which was 57% lower than pre-pandemic levels.
India is not included as Comscore and Gower Street do not have complete tracking. The top 15 international markets in 2022 are China ($4.3 billion), Japan (1.5 billion), South Korea (0.9 billion), Australia ($0.64billion), Mexico ($0.63billion), Australia ($0.64billion), Mexico ($0.63billion), Spain ($0.4billion), Brazil ($0.35billion), Italy ($0.33billion), Russia ($0.31billion), Russia ($0.31billion), Netherlands ($0.27billion), Saudi Arabia ($0.25billion) and the United Arab Emirates ($0.16billion).
Comparing percentages between 2022 and 2021, as well as pre-pandemic years, was done using like-for-like local currencies numbers. They were then converted at current exchange rate for greater accuracy.
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