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Western Africa - Video Game Consoles - Market Analysis, Forecast, Size, Trends and Insights
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View PricingWestern Africa: Video Game Console Market 2024
Video Game Console Market Size in Western Africa
In 2022, the West African video game console market increased by 12% to $X, rising for the second year in a row after three years of decline. Overall, consumption, however, recorded a perceptible reduction. Over the period under review, the market reached the peak level at $X in 2013; however, from 2014 to 2022, consumption failed to regain momentum.
Video Game Console Production in Western Africa
In value terms, video game console production shrank modestly to $X in 2022 estimated in export price. In general, production continues to indicate a noticeable descent. The most prominent rate of growth was recorded in 2017 with an increase of 34%. Over the period under review, production reached the peak level at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.
Video Game Console Exports
Exports in Western Africa
In 2022, exports of video game consoles in Western Africa soared to X units, growing by 75% on the previous year's figure. Over the period under review, exports, however, saw a perceptible shrinkage. The pace of growth appeared the most rapid in 2016 with an increase of 188%. As a result, the exports attained the peak of X units. From 2017 to 2022, the growth of the exports remained at a lower figure.
In value terms, video game console exports soared to $X in 2022. Overall, exports, however, recorded a slight contraction. The pace of growth was the most pronounced in 2014 with an increase of 211%. Over the period under review, the exports reached the maximum at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.
Exports by Country
Nigeria prevails in exports structure, reaching X units, which was approx. 72% of total exports in 2022. Sierra Leone (X units) held the second position in the ranking, followed by Guinea (X units). All these countries together took approx. 17% share of total exports. Ghana (X units), Senegal (X units) and Cote d'Ivoire (X units) followed a long way behind the leaders.
From 2012 to 2022, average annual rates of growth with regard to video game console exports from Nigeria stood at +10.0%. At the same time, Sierra Leone (+44.2%), Guinea (+4.1%) and Cote d'Ivoire (+1.3%) displayed positive paces of growth. Moreover, Sierra Leone emerged as the fastest-growing exporter exported in Western Africa, with a CAGR of +44.2% from 2012-2022. By contrast, Ghana (-1.7%) and Senegal (-13.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Nigeria, Sierra Leone and Guinea increased by +54, +9.7 and +4.3 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.
In value terms, the largest video game console supplying countries in Western Africa were Nigeria ($X), Sierra Leone ($X) and Cote d'Ivoire ($X), with a combined 88% share of total exports.
In terms of the main exporting countries, Sierra Leone, with a CAGR of +55.0%, recorded 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 Western Africa stood at $X per unit in 2022, which is down by -32.5% against the previous year. Over the period under review, the export price, however, showed a tangible increase. The most prominent rate of growth was recorded in 2019 an increase of 58% against the previous year. Over the period under review, the export prices hit record highs at $X per unit in 2021, and then reduced dramatically in the following year.
There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($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 (+7.4%), while the other leaders experienced mixed trends in the export price figures.
Video Game Console Imports
Imports in Western Africa
In 2022, purchases abroad of video game consoles increased by 555% to X units, rising for the second consecutive year after two years of decline. Over the period under review, imports continue to indicate a strong expansion. Over the period under review, imports hit record highs at X units in 2013; however, from 2014 to 2022, imports failed to regain momentum.
In value terms, video game console imports surged to $X in 2022. In general, imports recorded a buoyant increase. The growth pace was the most rapid in 2013 with an increase of 290%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.
Imports by Country
Senegal (X units) and Nigeria (X units) dominates imports structure, together making up 87% of total imports. It was distantly followed by Cote d'Ivoire (X units), committing a 9.4% share of total imports.
From 2012 to 2022, the biggest increases were recorded for Senegal (with a CAGR of +42.7%), while purchases for the other leaders experienced more modest paces of growth.
In value terms, Nigeria ($X), Cote d'Ivoire ($X) and Senegal ($X) were the countries with the highest levels of imports in 2022, with a combined 79% share of total imports.
Among the main importing countries, Senegal, with a CAGR of +56.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.
Import Prices by Country
The import price in Western Africa stood at $X per unit in 2022, reducing by -64.5% against the previous year. In general, the import price, however, continues to indicate moderate growth. The growth pace was the most rapid in 2015 when the import price increased by 129% against the previous year. Over the period under review, import prices attained the peak figure at $X per unit in 2021, and then declined significantly in the following year.
There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Cote d'Ivoire ($X per unit), while Senegal ($X per unit) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nigeria (+13.4%), while the other leaders experienced mixed trends in the import price figures.
Source: IndexBox Platform
Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the video game console market in Western Africa. 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:
- Benin
- Burkina Faso
- Cabo Verde
- Cote d'Ivoire
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Western Africa, split by region and country
- Trade (exports and imports) in Western Africa
- 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
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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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
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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
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- 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 -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Benin
- Burkina Faso
- Cabo Verde
- Gambia
- Ghana
- Guinea
- Guinea-Bissau
- Liberia
- Mali
- Mauritania
- Niger
- Nigeria
- Saint Helena, Ascension and Tristan da Cunha
- Senegal
- Sierra Leone
- Togo
- Cote d'Ivoire
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 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
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 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, 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, 2012–2023
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