Nigeria: Market for Laptops and Palm-Top Computers 2024

Market Size for Laptops and Palm-Top Computers in Nigeria

The Nigerien laptop and tablet computer market dropped to $X in 2021, waning by -7.1% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption showed a abrupt curtailment. Laptop and tablet computer consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Exports of Laptops and Palm-Top Computers

Exports from Nigeria

In 2021, overseas shipments of laptops and palm-top computers decreased by -31.4% to X units, falling for the third year in a row after four years of growth. In general, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 551% against the previous year. The exports peaked at X units in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, laptop and tablet computer exports contracted modestly to $X in 2021. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2017 with an increase of 506% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Cote d'Ivoire (X units) was the main destination for laptop and tablet computer exports from Nigeria, with a 23% share of total exports. Moreover, laptop and tablet computer exports to Cote d'Ivoire exceeded the volume sent to the second major destination, Benin (X units), threefold. South Africa (X units) ranked third in terms of total exports with a 4.3% share.

From 2012 to 2021, the average annual growth rate of volume to Cote d'Ivoire stood at +32.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Benin (+110.2% per year) and South Africa (+33.0% per year).

In value terms, the largest markets for laptop and tablet computer exported from Nigeria were Cote d'Ivoire ($X), Democratic Republic of the Congo ($X) and South Africa ($X), together comprising 43% of total exports. Kenya, Germany, Zimbabwe, Ghana, the Netherlands, Benin, Angola, the UK, Cameroon and Botswana lagged somewhat behind, together accounting for a further 22%.

In terms of the main countries of destination, Germany, with a CAGR of +129.4%, 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 average laptop and tablet computer export price stood at $X per unit in 2021, growing by 40% against the previous year. In general, the export price posted a resilient expansion. The most prominent rate of growth was recorded in 2019 an increase of 71%. The export price peaked in 2021 and is likely to continue growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Democratic Republic of the Congo ($X per unit), while the average price for exports to Botswana ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Cote d'Ivoire (+14.7%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Laptops and Palm-Top Computers

Imports into Nigeria

In 2021, overseas purchases of laptops and palm-top computers decreased by -5.2% to X units for the first time since 2018, thus ending a two-year rising trend. In general, imports showed a abrupt descent. The growth pace was the most rapid in 2019 with an increase of 47% against the previous year. Over the period under review, imports attained the peak figure at X units in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

In value terms, laptop and tablet computer imports fell to $X in 2021. Overall, imports faced a abrupt setback. The most prominent rate of growth was recorded in 2017 when imports increased by 58%. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, China (X units) constituted the largest laptop and tablet computer supplier to Nigeria, accounting for a 46% share of total imports. Moreover, laptop and tablet computer imports from China exceeded the figures recorded by the second-largest supplier, the United States (X units), sixfold. The United Arab Emirates (X units) ranked third in terms of total imports with a 5.2% share.

From 2012 to 2021, the average annual growth rate of volume from China stood at -7.5%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.1% per year) and the United Arab Emirates (+7.4% per year).

In value terms, China ($X) constituted the largest supplier of laptops and palm-top computers to Nigeria, comprising 47% of total imports. The second position in the ranking was taken by the United States ($X), with a 9.4% share of total imports. It was followed by the UK, with a 2.9% share.

From 2012 to 2021, the average annual growth rate of value from China stood at -17.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (-11.4% per year) and the UK (-31.0% per year).

Import Prices by Country

In 2021, the average laptop and tablet computer import price amounted to $X per unit, dropping by -5.9% against the previous year. In general, the import price recorded a abrupt decrease. The most prominent rate of growth was recorded in 2017 an increase of 8.4% against the previous year. Over the period under review, average import prices hit record highs at $X per unit in 2012; however, from 2013 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per unit), while the price for Swaziland ($X per unit) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Swaziland (+10.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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