Electronics market in Nigeria

The Nigerian Electronics eCommerce market is predicted to reach US$511.0 million by 2024 and accounts for 23.0% of the total eCommerce market in Nigeria. It is expected to increase over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be 8.0%, resulting in a projected market volume of US$696.0 million by 2028. Within the Electronics market ECDB considers the following two sub-markets: Consumer Electronics and Electrical Appliances.

Market development

eCommerce revenue development in the Other Cameras market in Nigeria

The Nigerian Other Cameras eCommerce market is predicted to reach US$0.8 million by 2024 and accounts for 3.4% of the Cameras eCommerce market in Nigeria. It is expected to decrease over the next years. The expected compound annual growth rate for the next four years (CAGR 2024-2028) will be -3.0%, resulting in a projected market volume of US$0.7 million by 2028. The Other Cameras eCommerce market is a sub-market of the Cameras market. Further categories within the Cameras market are: Action Cameras, Camera Lenses, and Digital Cameras.

eCommerce revenue development in the Other Cameras market in Nigeria

in million US$

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

eCommerce revenue growth in the Other Cameras market in Nigeria

in %

Note: Market revenue represents B2C sales of physical goods including VAT. It excludes B2B sales, C2C sales, returns, compensation for damaged or missing goods, any discounts granted and services. Data shown is using current exchange rates.

Source: ECDB analysis

Net eCommerce revenue split by sub-category

in %

Note: Data shown is using current exchange rates.

Source: ECDB analysis

20202021202220232024202520262027
Revenue (in mUS$)0.00.00.00.00.00.00.00.0
Growth (in %)5.094.264.365.027.143.093.69.5

Online share

eCommerce online share of the total Other Cameras market in Nigeria

The online share refers to the proportion of the retail volume that is transacted via the Internet. It includes purchases via desktop PC, tablet or smartphone, both via website or app. Only retail of physical goods is taken into account. In the Nigerian Other Cameras retail market, the online share is 29.0% and will increase by an average of 17.9% to 56.2% by 2028.

eCommerce online share of the total Other Cameras market in Nigeria

in %

Note: Data shown is using current exchange rates.

Source: Statista Market Insights , ECDB analysis

20202021202220232024202520262027
Online share (in %)63.8%7.7%5.6%55.9%33.0%66.0%69.8%28.2%

Market definition

Definition of the Other Cameras market within the Electronics market

Market definition: Electronics > Consumer Electronics > Cameras > Other Cameras The category Other Cameras includes the online trade of other cameras (e.g. analog cameras, instant cameras, film cameras), camera accessories (e.g. camera bags, camera batteries and chargers, tripods, monopods, camera straps), lens accessories (e.g. lens adapters and mounts, lens caps and hoods, lens cloths), and more. This category does not cover digital cameras, lenses or action cameras. All monetary figures refer to the annual gross revenue and do not factor in shipping costs.

In-scope

  • Other cameras (e.g. analog cameras, instant cameras, film cameras)
  • Camera accessories (e.g. camera bags, camera batteries and chargers, tripods, monopods, camera straps)
  • Lens accessories (e.g. lens adapters and mounts, lens caps and hoods, lens cloths)
  • Action camera accessories (e.g. mounts and adhesive pads, protective cases and housings, camera straps and harnesses)
  • Camera flashes and lighting equipment
  • Digital photo frames
  • Camera memory cards and storage

Out-of-scope

  • Digital cameras
  • Lenses
  • Action cameras
  • Drones
  • Camera software and apps

Market comparison

The Nigerian Other Cameras market in a global comparison

Market comparison by growth, online share, and revenue in 2023

in %

Source: ECDB analysis

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