Latest Report Update: Feb 22, 2019

Nigeria - Castor Oil Seed - Market Analysis, Forecast, Size, Trends and Insights
Update: COVID-19 Impact

Licenses

You will receive a PDF copy of the report by email within 24 hours (Mon - Fri).

By clicking «Buy the Report», you agree to our Terms of Service, Privacy Policy and Licenses. We'll occasionally send you account related emails.

Nigeria: Castor Oil Seed Market Overview 2020

Castor Oil Seed Market Size in Nigeria

The revenue of the castor oil seed market in Nigeria amounted to $X in 2017, waning by -X% against the previous year. Overall, castor oil seed consumption continues to indicate a dramatic drop. The pace of growth appeared the most rapid in 2014, with an increase of X% year-to-year. Over the period under review, the castor oil seed market attained its peak figure level of $X in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Castor Oil Seed Production in Nigeria

In 2017, approx. X kg of castor oil seed were produced in Nigeria; remaining relatively unchanged against the previous year. In general, castor oil seed production continues to indicate a relatively flat trend pattern. Castor oil seed output in Nigeria indicated a relatively flat trend pattern, which was largely conditioned by a relatively flat trend pattern of the harvested area and a relatively flat trend pattern in yield figures.

In 2017, average castor oil seed yield in Nigeria amounted to X kg per ha, standing approx. at the previous year. Overall, castor oil seed yield continues to indicate a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

In 2017, the total area harvested in terms of castor oil seed production in Nigeria amounted to X ha, stabilizing at the previous year. In general, castor oil seed harvested area continues to indicate a relatively flat trend pattern.

Castor Oil Seed Exports from Nigeria

In 2017, approx. X kg of castor oil seed were exported from Nigeria; increasing by X% against the previous year. Overall, castor oil seed exports continue to indicate a remarkable expansion. The pace of growth was the most pronounced in 2017, with an increase of X% against the previous year. In that year, the castor oil seed exports reached their peak volume, and are likely to continue its growth in the immediate term.

In value terms, castor oil seed exports totaled $X in 2017. In general, the total exports indicated a strong increase from 2007 to 2017: its value increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the castor oil seed exports increased by +X% against 2007 indices. Over the period under review, the castor oil seed exports attained its maximum level in 2017, and are expected to retain its growth in the immediate term.

Castor Oil Seed Exports by Country from Nigeria

India dominates castor oil seed exports structure, reaching X tonnes, which was near X% of total exports in 2017. The following exporters - the Netherlands (X tonnes), France (X tonnes) and Germany (X tonnes) together made up X% of total exports.

India was also the fastest growing in terms of the castor oil seed exports, with a CAGR of +X% from 2007 to 2017. At the same time, Germany (+X%) and France (+X%) displayed positive paces of growth. The Netherlands experienced a relatively flat trend pattern. While the share of India (-X%) decreased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) remains the largest castor oil seed supplier from Nigeria, making up X% of global exports. The second position in the ranking was occupied by the Netherlands ($X), with a X% share of global exports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual rate of growth in terms of value in India totaled +X%. In the other countries, the average annual rates were as follows: the Netherlands (+X% per year) and France (+X% per year).

Castor Oil Seed Export Prices by Country in Nigeria

The castor oil seed export price in Nigeria stood at $X per tonne in 2017, reducing by -X% against the previous year. Overall, castor oil seed export price continues to indicate an abrupt decrease. The most prominent rate of growth was recorded in 2014, when the export prices increased by -X% against the previous year. Over the period under review, the export prices for castor oil seed attained its maximum level of $X per tonne in 2007; however, from 2008 to 2017, it failed to regain its momentum.

Export prices varied noticeably by the country of destination; the country with the highest export price was Germany ($X per tonne), while India ($X per tonne) was amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of export prices was attained by the Netherlands (+X% per year), while the other leaders experienced more modest paces of growth.

Castor Oil Seed Imports into Nigeria

In 2017, castor oil seed imports into Nigeria stood at X tonnes, picking up by X% against the previous year. In general, castor oil seed imports continue to indicate a prominent expansion. The growth pace was the most rapid in 2016, when imports increased by X% y-o-y. Over the period under review, the castor oil seed imports attained its maximum volume in 2017, and are expected to retain its growth in the immediate term.

In value terms, castor oil seed imports totaled $X in 2017. In general, castor oil seed imports continue to indicate a strong increase. Over the period under review, the castor oil seed imports attained its peak figure level in 2017, and are expected to retain its growth in the near future.

Castor Oil Seed Imports by Country into Nigeria

China was the largest importer of castor oil seed in the world, with the volume of imports finishing at X tonnes, which was near X% of total imports in 2017. It was distantly followed by the U.S. (X tonnes), France (X tonnes), Germany (X tonnes) and the Netherlands (X tonnes), together making up X% share of total imports. The following importers - Thailand (X tonnes), Japan (X tonnes), Italy (X tonnes) and South Korea (X tonnes) together made up X% of total imports.

China was also the fastest growing in terms of the castor oil seed imports, with a CAGR of +X% from 2007 to 2017. At the same time, Thailand (+X%), South Korea (+X%), the U.S. (+X%) and Germany (+X%) displayed positive paces of growth. Italy, the Netherlands and France experienced a relatively flat trend pattern. By contrast, Japan (-X%) illustrated a downward trend over the same period. From 2007 to 2017, the share of Thailand, the U.S. and China decreased by -X%, -X% and -X% percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported castor oil seed into Nigeria, making up X% of global imports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of global imports. It was followed by France, with a X% share.

From 2007 to 2017, the average annual growth rate of value in China stood at +X%. The remaining importing countries recorded the following average annual rates of imports growth: the U.S. (+X% per year) and France (+X% per year).

Castor Oil Seed Import Prices by Country in Nigeria

The castor oil seed import price in Nigeria stood at $X per tonne in 2017, jumping by X% against the previous year. In general, the import price indicated a strong growth from 2007 to 2017: its price increased at an average annual rate of +X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations throughout the analyzed period. Based on 2017 figures, the castor oil seed import price increased by +X% against 2013 indices. The most prominent rate of growth was recorded in 2011, an increase of X% y-o-y. Nigeria import price peaked in 2017, and is expected to retain its growth in the immediate term.

Average import prices varied somewhat amongst the major importing countries. In 2017, major importing countries recorded the following import prices: in Italy ($X per tonne) and Germany ($X per tonne), while Thailand ($X per tonne) and China ($X per tonne) were amongst the lowest.

From 2007 to 2017, the most notable rate of growth in terms of import prices was attained by France (+X% per year), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Product coverage:
• FCL 266 -
• JSIC 0981 -
• JSIC 0982 -
• JSIC 1063 -

This report provides an in-depth analysis of the castor oil seed 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.


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:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. 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

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
MARKET STRUCTURE
3.3
TRADE BALANCE
3.4
PER CAPITA CONSUMPTION
3.5
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
COUNTRIES WITH TOP YIELDS
5.4
TOP EXPORTING COUNTRIES
5.5
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS

The Largest Import Supplying Countries

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption In 2007–2020
Table 5:
Imports, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Value Terms, By Country, 2007–2020
Table 7:
Import Prices, By Country Of Origin, 2007–2020
Table 8:
Exports, In Physical Terms, By Country, 2007–2020
Table 9:
Exports, In Value Terms, By Country, 2007–2020
Table 10:
Export Prices, By Country Of Destination, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2020
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2020
Figure 5:
Trade Balance, In Physical Terms, 2007–2020
Figure 6:
Trade Balance, In Value Terms, 2007–2020
Figure 7:
Per Capita Consumption, 2007–2020
Figure 8:
Market Forecast To 2030
Figure 9:
Products: Market Size And Growth, By Type
Figure 10:
Products: Average Per Capita Consumption, By Type
Figure 11:
Products: Exports And Growth, By Type
Figure 12:
Products: Export Prices And Growth, By Type
Figure 13:
Production Volume And Growth
Figure 14:
Yield And Growth
Figure 15:
Exports And Growth
Figure 16:
Export Prices And Growth
Figure 17:
Market Size And Growth
Figure 18:
Per Capita Consumption
Figure 19:
Imports And Growth
Figure 20:
Import Prices
Figure 21:
Production, In Physical Terms, 2007–2020
Figure 22:
Production, In Value Terms, 2007–2020
Figure 23:
Area Harvested, 2007–2020
Figure 24:
Yield, 2007–2020
Figure 25:
Imports, In Physical Terms, 2007–2020
Figure 26:
Imports, In Value Terms, 2007–2020
Figure 27:
Imports, In Physical Terms, By Country, 2020
Figure 28:
Imports, In Physical Terms, By Country, 2007–2020
Figure 29:
Imports, In Value Terms, By Country, 2007–2020
Figure 30:
Import Prices, By Country Of Origin, 2007–2020
Figure 31:
Exports, In Physical Terms, 2007–2020
Figure 32:
Exports, In Value Terms, 2007–2020
Figure 33:
Exports, In Physical Terms, By Country, 2020
Figure 34:
Exports, In Physical Terms, By Country, 2007–2020
Figure 35:
Exports, In Value Terms, By Country, 2007–2020
Figure 36:
Export Prices, By Country Of Destination, 2007–2020
Biodiesel Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biodiesel market.



Monday, December 20th, 2021 @ 04:00 pm ET


Register
Biogas Market: Getting to Net-Zero amid Energy Crisis

Join our live webinar to get insights into the global biogas market.



Thursday, November 18th, 2021 @ 04:00 pm ET

Webinar: Global Animal Feed Market - Statistics, Trends, and Outlook

Join our live webinar to get insights into the global animal feed market.



Thursday, February 11th, 2021 @ 04:00 pm ET

Ready to Get Started?
We can help you conduct market research and write a report using the most reliable data