ECOWAS: Video Game Console Market 2024

Video Game Console Market Size in ECOWAS

The ECOWAS video game console market contracted slightly to $X in 2022, with a decrease of X% against the previous year. In general, consumption saw a slight slump. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a lower figure.

Video Game Console Production in ECOWAS

In value terms, video game console production contracted slightly to $X in 2022 estimated in export price. Over the period under review, production continues to indicate a mild descent. The most prominent rate of growth was recorded in 2019 with an increase of X%. The level of production peaked at $X in 2016; however, from 2017 to 2022, production stood at a somewhat lower figure.

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Video Game Console Exports

Exports in ECOWAS

In 2022, shipments abroad of video game consoles (not operated by means of payments) increased by X% to X units, rising for the second consecutive year after two years of decline. Over the period under review, exports posted significant growth. The growth pace was the most rapid in 2015 with an increase of X% against the previous year. The volume of export peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, video game console exports fell markedly to $X in 2022. In general, exports showed a strong expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The level of export peaked at $X in 2021, and then shrank markedly in the following year.

Exports by Country

Cote d'Ivoire was the key exporting country with an export of around X units, which accounted for X% of total exports. Sierra Leone (X units) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Guinea (X%), Mali (X%) and Ghana (X%).

Cote d'Ivoire was also the fastest-growing in terms of the video game consoles (not operated by means of payments) exports, with a CAGR of X% from 2012 to 2022. At the same time, Sierra Leone (X%), Mali (X%), Ghana (X%) and Guinea (X%) displayed positive paces of growth. While the share of Cote d'Ivoire (X p.p.) and Sierra Leone (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of Ghana (X p.p.) and Guinea (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest video game console supplying countries in ECOWAS were Sierra Leone ($X), Cote d'Ivoire ($X) and Guinea ($X), together comprising X% of total exports.

In terms of the main exporting countries, Sierra Leone, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in ECOWAS stood at $X per unit in 2022, which is down by X% against the previous year. Over the period under review, the export price saw a deep slump. The most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Sierra Leone ($X per unit), while Cote d'Ivoire ($X per unit) was amongst the lowest.

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

Video Game Console Imports

Imports in ECOWAS

In 2022, supplies from abroad of video game consoles (not operated by means of payments) decreased by X% to X units, falling for the second consecutive year after two years of growth. Overall, imports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by X% against the previous year. As a result, imports attained the peak of X units. From 2021 to 2022, the growth of imports failed to regain momentum.

In value terms, video game console imports contracted slightly to $X in 2022. In general, imports, however, recorded a significant increase. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. Over the period under review, imports reached the peak figure at $X in 2021, and then shrank slightly in the following year.

Imports by Country

Ghana was the main importer of video game consoles (not operated by means of payments) in ECOWAS, with the volume of imports finishing at X units, which was approx. X% of total imports in 2022. Nigeria (X units) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Cote d'Ivoire (X%). Benin (X units) and Senegal (X units) took a minor share of total imports.

Imports into Ghana increased at an average annual rate of X% from 2012 to 2022. At the same time, Senegal (X%), Benin (X%) and Cote d'Ivoire (X%) displayed positive paces of growth. Moreover, Senegal emerged as the fastest-growing importer imported in ECOWAS, with a CAGR of X% from 2012-2022. By contrast, Nigeria (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria and Senegal increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Ghana ($X) constitutes the largest market for imported video game consoles (not operated by means of payments) in ECOWAS, comprising X% of total imports. The second position in the ranking was held by Cote d'Ivoire ($X), with a X% share of total imports. It was followed by Nigeria, with a X% share.

In Ghana, video game console imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Cote d'Ivoire (X% per year) and Nigeria (X% per year).

Import Prices by Country

The import price in ECOWAS stood at $X per unit in 2022, leveling off at the previous year. Overall, the import price enjoyed a resilient expansion. The most prominent rate of growth was recorded in 2017 when the import price increased by X%. Over the period under review, import prices attained the peak figure in 2022 and is expected to retain growth in the immediate term.

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

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

Source: IndexBox Platform

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