Nigeria: Video Game Console Market 2025

Video Game Console Market Size in Nigeria

In 2022, the Nigerien video game console market increased by 12% to $X, rising for the second consecutive year after two years of decline. Overall, consumption, however, showed a perceptible slump. As a result, consumption attained the peak level of $X. From 2019 to 2022, the growth of the market failed to regain momentum.

Video Game Console Exports

Exports from Nigeria

For the third consecutive year, Nigeria recorded growth in shipments abroad of video game consoles (not operated by means of payments), which increased by 9.8% to X units in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2015 with an increase of 327% against the previous year. As a result, the exports attained the peak of X units. From 2016 to 2022, the growth of the exports remained at a lower figure.

In value terms, video game console exports dropped modestly to $X in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2014 when exports increased by 1,339%. As a result, the exports attained the peak of $X. From 2015 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Ireland (X units) was the main destination for video game console exports from Nigeria, with a 33% share of total exports. Moreover, video game console exports to Ireland exceeded the volume sent to the second major destination, Canada (X units), threefold. The third position in this ranking was taken by Mauritius (X units), with an 8.9% share.

From 2012 to 2022, the average annual growth rate of volume to Ireland was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Canada (+19.6% per year) and Mauritius (0.0% per year).

In value terms, the largest markets for video game console exported from Nigeria were Ireland ($X), Cote d'Ivoire ($X) and Canada ($X), together comprising 53% of total exports.

Ireland, with a CAGR of +51.9%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average video game console export price stood at $X per unit in 2022, falling by -9.9% against the previous year. Over the period under review, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in 2014 when the average export price increased by 803% against the previous year. As a result, the export price reached the peak level of $X per unit. From 2015 to 2022, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while the average price for exports to Rwanda ($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 Canada (+22.9%), while the prices for the other major destinations experienced mixed trend patterns.

Video Game Console Imports

Imports into Nigeria

In 2022, after two years of decline, there was significant growth in supplies from abroad of video game consoles (not operated by means of payments), when their volume increased by 45% to X units. In general, total imports indicated a noticeable increase from 2015 to 2022: its volume increased at an average annual rate of +3.0% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of 113%. Over the period under review, imports attained 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. Over the period under review, imports, however, saw a perceptible downturn. The growth pace was the most rapid in 2018 with an increase of 70%. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, China (X units) constituted the largest video game console supplier to Nigeria, with a 79% share of total imports. Moreover, video game console imports from China exceeded the figures recorded by the second-largest supplier, Japan (X units), fourfold. The third position in this ranking was held by the United Arab Emirates (X units), with a 0.1% share.

From 2015 to 2022, the average annual growth rate of volume from China stood at +28.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-6.8% per year) and the United Arab Emirates (-41.6% per year).

In value terms, China ($X) constituted the largest supplier of video game consoles (not operated by means of payments) to Nigeria, comprising 78% of total imports. The second position in the ranking was held by Japan ($X), with an 8.8% share of total imports. It was followed by the United States, with a 0.8% share.

From 2015 to 2022, the average annual growth rate of value from China stood at +39.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Japan (-17.5% per year) and the United States (-26.3% per year).

Import Prices by Country

In 2022, the average video game console import price amounted to $X per unit, with a decrease of -22.7% against the previous year. In general, the import price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 65%. As a result, import price attained the peak level of $X 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 ($X per unit), while the price for Japan ($X 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.

Source: IndexBox Platform

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