![Report Nigeria - Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights for 499$](/landing/img/reports/nigeria-cotton-seed-oil-market-analysis-forecast-size-trends-and-insights.webp)
Nigeria - Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends and Insights
Get instant access to more than 2 million reports, dashboards, and datasets on the IndexBox Platform.
View PricingNigeria: Cotton-Seed Oil Market 2024
Cotton-Seed Oil Market Size in Nigeria
In 2023, the Nigerien cotton-seed oil market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption continues to indicate a slight decline. As a result, consumption reached the peak level of $X. From 2018 to 2023, the growth of the market remained at a lower figure.
Cotton-Seed Oil Production in Nigeria
In value terms, cotton-seed oil production amounted to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a perceptible setback. The pace of growth appeared the most rapid in 2013 with an increase of X%. Cotton-seed oil production peaked at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.
Cotton-Seed Oil Exports
Exports from Nigeria
In 2023, the amount of cotton-seed oil exported from Nigeria soared to X tons, surging by X% compared with 2022 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021; however, from 2022 to 2023, the exports stood at a somewhat lower figure.
In value terms, cotton-seed oil exports soared to $X in 2023. In general, exports saw a significant increase. The growth pace was the most rapid in 2013 when exports increased by X% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2023, the exports stood at a somewhat lower figure.
Exports by Country
South Africa (X tons) was the main destination for cotton-seed oil exports from Nigeria, with a approx. X% share of total exports.
From 2012 to 2023, the average annual growth rate of volume to South Africa totaled X%.
In value terms, South Africa ($X) also remains the key foreign market for cotton-seed oil exports from Nigeria.
From 2012 to 2023, the average annual growth rate of value to South Africa stood at X%.
Export Prices by Country
In 2023, the average cotton-seed oil export price amounted to $X per ton, dropping by X% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2019 when the average export price increased by X%. The export price peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Africa.
From 2012 to 2023, the rate of growth in terms of prices for Cameroon amounted to X% per year.
Cotton-Seed Oil Imports
Imports into Nigeria
In 2023, imports of cotton-seed oil into Nigeria reduced sharply to X tons, with a decrease of X% on the year before. Overall, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 with an increase of X%. As a result, imports reached the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.
In value terms, cotton-seed oil imports contracted remarkably to $X in 2023. Over the period under review, imports recorded a slight decrease. The growth pace was the most rapid in 2017 when imports increased by X%. As a result, imports reached the peak of $X. From 2018 to 2023, the growth of imports failed to regain momentum.
Imports by Country
In 2023, Benin (X tons) was the main supplier of cotton-seed oil to Nigeria, with a approx. X% share of total imports.
From 2012 to 2023, the average annual rate of growth in terms of volume from Benin was relatively modest.
In value terms, Benin ($X) constituted the largest supplier of cotton-seed oil to Nigeria.
From 2012 to 2023, the average annual growth rate of value from Benin stood at X%.
Import Prices by Country
The average cotton-seed oil import price stood at $X per ton in 2023, with an increase of X% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Benin.
From 2012 to 2023, the rate of growth in terms of prices for Benin amounted to X% per year.
Source: IndexBox Platform
This report provides an in-depth analysis of the cotton-seed oil market 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:
- FCL 331 - Oil of Cottonseed
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
-
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
-
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
-
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
Recommended reports
This report provides an in-depth analysis of the cotton-seed oil market in Asia.
This report provides an in-depth analysis of the cotton-seed oil market in the U.S..
This report provides an in-depth analysis of the cotton-seed oil market in China.
This report provides an in-depth analysis of the cotton-seed oil market in the EU.
This report provides an in-depth analysis of the global cotton-seed oil market.