Nigeria - Video Game Consoles (Not Operated By Means Of Payments) - Market Analysis, Forecast, Size, Trends And Insights
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View PricingVideo Game Console Price in Nigeria - 2022
Contents:
- Video Game Console Price in Nigeria (CIF) - 2022
- Video Game Console Price in Nigeria (FOB) - 2022
- Video Game Console Imports in Nigeria
- Video Game Console Exports in Nigeria
Video Game Console Price in Nigeria (CIF) - 2022
The average video game console import price stood at $22 per unit in 2022, falling by -22.7% against the previous year. In general, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 65%. As a result, import price reached the peak level of $42 per unit. From 2019 to 2022, the average import prices failed to regain momentum.
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 the United States ($235 per unit), while the price for Japan ($10 per unit) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+46.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Video Game Console Price in Nigeria (FOB) - 2022
The average video game console export price stood at $230 per unit in 2022, declining by -9.9% against the previous year. Over the period under review, the export price saw a mild reduction. The most prominent rate of growth was recorded in 2014 an increase of 803% against the previous year. As a result, the export price attained the peak level of $2,252 per unit. From 2015 to 2022, the average export prices remained at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($606 per unit), while the average price for exports to Rwanda ($29 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 Canada (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.
Video Game Console Imports in Nigeria
In 2022, after two years of decline, there was significant growth in overseas purchases of video game consoles (not operated by means of payments), when their volume increased by 45% to 11K units. Over the period under review, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +5.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, video game console imports expanded significantly to $239K in 2022. Overall, imports, however, continue to indicate a slight curtailment. Over the period under review, imports attained the maximum at $251K in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.
| Import of Video Game Console in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 13.0 | 21.6 | 12.7 | 187 | 143.2% |
| Japan | 136 | 148 | 130 | 21.0 | -46.4% |
| United States | 61.2 | 24.9 | 37.1 | 1.9 | -68.6% |
| Others | 41.1 | 15.7 | 33.9 | 29.6 | -10.4% |
| Total | 251 | 210 | 214 | 239 | -1.6% |
Top Suppliers of Video Game Console to Nigeria in 2022:
- United States (undefinedK units)
- China (8.5K units)
- Japan (2.1K units)
Video Game Console Exports in Nigeria
For the fourth consecutive year, Nigeria recorded growth in overseas shipments of video game consoles (not operated by means of payments), which increased by 9.8% to 45 units in 2022. Overall, exports continue to indicate significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by 233% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are likely to continue growth in the immediate term.
In value terms, video game console exports contracted to $10K in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 116% against the previous year. Over the period under review, the exports attained the peak figure at $11K in 2021, and then declined in the following year.
| Export of Video Game Console in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ireland | N/A | N/A | N/A | 2.1 | 0% |
| Cote d'Ivoire | 1.7 | 4.0 | 3.4 | 1.8 | 1.9% |
| Canada | N/A | N/A | N/A | 1.6 | 0% |
| Mauritius | N/A | N/A | N/A | 0.2 | 0% |
| Norway | N/A | 1.6 | 1.0 | N/A | -37.5% |
| Belgium | N/A | 0.9 | N/A | N/A | 0% |
| Rwanda | N/A | N/A | 0.5 | N/A | 0% |
| Guatemala | N/A | N/A | N/A | N/A | 0% |
| Malaysia | N/A | 2.2 | N/A | N/A | 0% |
| Guyana | N/A | 0.7 | N/A | N/A | 0% |
| Cyprus | N/A | N/A | 1.4 | N/A | 0% |
| Others | 3.1 | 0.9 | 4.2 | 4.7 | 14.9% |
| Total | 4.8 | 10.3 | 10.5 | 10.4 | 29.4% |
Top Export Markets for Video Game Console from Nigeria in 2022:
- Ireland (15.0 units)
- Canada (6.0 units)
- Mauritius (4.0 units)
- Cote d'Ivoire (3.0 units)
- Rwanda (1.0 units)
This report provides an in-depth analysis of the video game console market in Nigeria. 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:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
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
-
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
-
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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Explore the top import markets for video game consoles worldwide, including the United States, Netherlands, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
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In 2016, the global video game imports amounted to X tons, ascending by X% against the previous year figure. In general, video game imports continue to indicate a pronounced setback. The most pro...
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In 2016, the global video game imports amounted to X tons, ascending by X% against the previous year figure. In general, video game imports continue to indicate a pronounced setback. The most pro...
172
Explore the top import markets for video game consoles worldwide, including the United States, Netherlands, Germany, Japan, and more. Get key statistics and insights from IndexBox market intelligence platform.
1265
In 2016, the global video game imports amounted to X tons, ascending by X% against the previous year figure. In general, video game imports continue to indicate a pronounced setback. The most pro...
2144
In 2016, the global video game imports amounted to X tons, ascending by X% against the previous year figure. In general, video game imports continue to indicate a pronounced setback. The most pro...
