Latest Report Update: Apr 15, 2021

Nigeria - Crude Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Cotton-Seed Oil Market Overview 2021

Cotton-Seed Oil Market Size in Nigeria

In 2019, the Nigerien cotton-seed oil market decreased by -X% to $X, falling for the second year in a row after nine years of growth. In general, consumption, however, showed a significant expansion. The most prominent rate of growth was recorded in 2011 with an increase of X% y-o-y. Cotton-seed oil consumption peaked at $X in 2017; however, from 2018 to 2019, consumption failed to regain the momentum.

Cotton-Seed Oil Exports

Exports from Nigeria

For the thirteenth year in a row, Nigeria recorded growth in shipments abroad of crude cotton-seed oil, which increased by X% to X kg in 2019. Overall, exports recorded significant growth. As a result, exports attained the peak and are likely to continue growth in the immediate term.

In value terms, cotton-seed oil exports expanded markedly to $X in 2019. Over the period under review, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% y-o-y. Over the period under review, exports reached the peak figure in 2019 and are likely to continue growth in the near future.

Exports by Country

South Africa (X kg) was the main destination for cotton-seed oil exports from Nigeria, accounting for a approx. X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to South Africa was relatively modest.

From 2007 to 2019, the average annual growth rate of value to South Africa was relatively modest.

Export Prices by Country

In 2019, the average cotton-seed oil export price amounted to $X per tonne, with a decrease of -X% against the previous year. Overall, the export price saw a precipitous shrinkage. The pace of growth appeared the most rapid in 2013 when the average export price increased by X% y-o-y. As a result, export price attained the peak level of $X per tonne. From 2014 to 2019, the growth in terms of the average export prices remained at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for South Africa.

From 2007 to 2019, the rate of growth in terms of prices for South Africa amounted to X% per year.

Cotton-Seed Oil Imports

Imports into Nigeria

In 2019, overseas purchases of crude cotton-seed oil decreased by -X% to X tonnes, falling for the second consecutive year after nine years of growth. In general, imports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2011 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tonnes in 2017; however, from 2018 to 2019, imports failed to regain the momentum.

In value terms, cotton-seed oil imports declined to $X in 2019. Overall, imports, however, recorded a significant expansion. The pace of growth appeared the most rapid in 2011 with an increase of X% y-o-y. Imports peaked at $X in 2017; however, from 2018 to 2019, imports remained at a lower figure.

Imports by Country

In 2019, Benin (X tonnes) was the main cotton-seed oil supplier to Nigeria, accounting for a approx. X% share of total imports.

From 2007 to 2019, the average annual growth rate of volume from Benin amounted to -X%.

In value terms, Benin ($X) constituted the largest supplier of cotton-seed oil to Nigeria.

From 2007 to 2019, the average annual rate of growth in terms of value from Benin stood at -X%.

Import Prices by Country

The average cotton-seed oil import price stood at $X per tonne in 2019, which is down by -X% against the previous year. In general, the import price saw a abrupt shrinkage. The growth pace was the most rapid in 2014 when the average import price decreased by -X% y-o-y. Over the period under review, average import prices attained the peak figure at $X per tonne in 2007; however, from 2008 to 2019, 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 2007 to 2019, the rate of growth in terms of prices for Benin amounted to -X% per year.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude cotton-seed oil in the world?
+
The countries with the highest volumes of cotton-seed oil consumption in 2019 were the U.S. (29K tonnes), Kazakhstan (18K tonnes) and Tajikistan (11K tonnes), together comprising 58% of global consumption. Australia, Kyrgyzstan, Nigeria, Egypt, Turkmenistan, Brazil, Serbia and Bulgaria lagged somewhat behind, together comprising a further 31%.
What are the largest producers of crude cotton-seed oil in the world?
+
The countries with the highest volumes of cotton-seed oil production in 2019 were the U.S. (32K tonnes), Kazakhstan (21K tonnes) and Australia (7.4K tonnes), together comprising 72% of global production. These countries were followed by Romania, Benin, Turkmenistan, Brazil, Bulgaria and Serbia, which together accounted for a further 20%.
What are the leading suppliers of crude cotton-seed oil to Nigeria?
+
In value terms, Benin ($4.7M) constituted the largest supplier of cotton-seed oil to Nigeria.
What is the average export price for crude cotton-seed oil in Nigeria?
+
The average cotton-seed oil export price stood at $263 per tonne in 2019, which is down by -54.8% against the previous year.
What is the average import price for crude cotton-seed oil in Nigeria?
+
The average cotton-seed oil import price stood at $840 per tonne in 2019, waning by -6.7% against the previous year.

Product coverage:
• Prodcom 10412500 - Crude cotton-seed oil and its fractions (excluding chemically modified)

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 2025.


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

2.1
KEY FINDINGS
2.2
MARKET TRENDS
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
TOP EXPORTING COUNTRIES
5.4
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 VOLUME AND VALUE
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 2025
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:
Exports And Growth
Figure 15:
Export Prices And Growth
Figure 16:
Market Size And Growth
Figure 17:
Per Capita Consumption
Figure 18:
Imports And Growth
Figure 19:
Import Prices
Figure 20:
Production, In Physical Terms, 2007–2020
Figure 21:
Production, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, 2007–2020
Figure 23:
Imports, In Value Terms, 2007–2020
Figure 24:
Imports, In Physical Terms, By Country, 2020
Figure 25:
Imports, In Physical Terms, By Country, 2007–2020
Figure 26:
Imports, In Value Terms, By Country, 2007–2020
Figure 27:
Import Prices, By Country Of Origin, 2007–2020
Figure 28:
Exports, In Physical Terms, 2007–2020
Figure 29:
Exports, In Value Terms, 2007–2020
Figure 30:
Exports, In Physical Terms, By Country, 2020
Figure 31:
Exports, In Physical Terms, By Country, 2007–2020
Figure 32:
Exports, In Value Terms, By Country, 2007–2020
Figure 33:
Export Prices, By Country Of Destination, 2007–2020

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