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Nigeria - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria - 2022
Contents:
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (CIF) - 2022
- Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (FOB) - 2022
- Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria
- Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (CIF) - 2022
In 2022, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $1,310 per ton, which is down by -24.6% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average import price increased by 42%. As a result, import price attained the peak level of $1,739 per ton, and then dropped notably in the following year.
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 India ($2,069 per ton), while the price for the Netherlands ($991 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+0.3%), while the prices for the other major suppliers experienced a decline.
Price for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (FOB) - 2022
The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $1,077 per ton in 2022, jumping by 93% against the previous year. Over the period under review, the export price posted a strong expansion. The growth pace was the most rapid in 2019 an increase of 169% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.
Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Niger ($1,154 per ton), while the average price for exports to Canada amounted to $1,013 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Niger (+17.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria
In 2022, approx. 795 tons of sunflower-seed or safflower oil, refined, but not chemically modified were imported into Nigeria; increasing by 237% against the year before. Over the period under review, imports, however, saw a abrupt decline.
In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $1M in 2022. In general, imports saw a relatively flat trend pattern.
Import of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Turkey | 548 | 764 | 105 | 263 | -21.7% |
India | 3.4 | 12.6 | 9.4 | 237 | 311.6% |
Spain | 35.6 | 133 | 31.3 | 123 | 51.2% |
Netherlands | 46.8 | 49.8 | 6.0 | 66.9 | 12.6% |
Italy | 36.3 | 42.3 | 20.1 | 57.3 | 16.4% |
Ukraine | N/A | 125 | N/A | 33.6 | -48.2% |
Bulgaria | 23.4 | N/A | 39.3 | N/A | 29.6% |
France | 71.2 | 119 | N/A | N/A | 67.1% |
Others | 268 | 428 | 199 | 261 | -0.9% |
Total | 1,032 | 1,674 | 410 | 1,042 | 0.3% |
Top Suppliers of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified to Nigeria in 2022:
- Turkey (248.7 tons)
- India (114.7 tons)
- Spain (94.2 tons)
- Netherlands (67.5 tons)
- Italy (38.2 tons)
- Ukraine (22.3 tons)
Exports of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria
In 2022, overseas shipments of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -52.6% to 15 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a modest increase. The most prominent rate of growth was recorded in 2021 when exports increased by 79%. As a result, the exports reached the peak of 32 tons, and then shrank remarkably in the following year.
In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified fell to $16K in 2022. Over the period under review, total exports indicated significant growth from 2019 to 2022: its value increased at an average annual rate of +20.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +73.9% against 2019 indices. The growth pace was the most rapid in 2020 with an increase of 58%.
Export of Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified in Nigeria (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Canada | N/A | N/A | N/A | 8.4 | 0% |
Niger | N/A | N/A | N/A | 8.0 | 0% |
United Arab Emirates | 9.3 | 14.9 | N/A | N/A | 60.2% |
South Africa | 0.1 | N/A | 5.0 | N/A | 607.1% |
Netherlands | N/A | N/A | 6.5 | N/A | 0% |
Others | N/A | N/A | 6.5 | N/A | 0% |
Total | 9.4 | 14.9 | 17.9 | 16.4 | 20.4% |
Top Export Markets for Sunflower-Seed or Safflower Oil, Refined, But Not Chemically Modified from Nigeria in 2022:
- Canada (8.3 tons)
- Niger (6.9 tons)
This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified in Nigeria. 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 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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.
-
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
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
-
3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
-
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
-
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
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- 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 -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- 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
- 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 Of Origin, 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, By Country Of Destination, 2012–2023
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