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Nigeria - Crude Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Overview of the Market for Crude Sunflower-Seed And Safflower Oil 2021

Market Size for Crude Sunflower-Seed And Safflower Oil in Nigeria

The Nigerien market for crude sunflower-seed and safflower oil amounted to $X in 2019, growing by X% against the previous year. In general, consumption showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X% year-to-year. As a result, consumption attained the peak level of $X. From 2015 to 2019, the growth of the market failed to regain the momentum.

Production of Crude Sunflower-Seed And Safflower Oil in Nigeria

In value terms, crude sunflower-seed and safflower oil production expanded slightly to $X in 2019 estimated in export prices. In general, production showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% year-to-year. As a result, production attained the peak level of $X. From 2015 to 2019, production growth remained at a lower figure.

Exports of Crude Sunflower-Seed And Safflower Oil

Exports from Nigeria

For the fifth consecutive year, Nigeria recorded growth in shipments abroad of crude sunflower-seed and safflower oil, which increased by X% to X tonnes in 2019. In general, exports continue to indicate a significant increase. The growth pace was the most rapid in 2013 with an increase of X% y-o-y. Exports peaked in 2019 and are expected to retain growth in the near future.

In value terms, crude sunflower-seed and safflower oil exports skyrocketed to $X in 2019. Over the period under review, exports saw a strong increase. The pace of growth appeared the most rapid in 2016 when exports increased by X% y-o-y. Exports peaked at $X in 2013; however, from 2014 to 2019, exports stood at a somewhat lower figure.

Exports by Country

Canada (X tonnes) was the main destination for crude sunflower-seed and safflower oil exports from Nigeria, with a approx. X% share of total exports.

From 2007 to 2019, the average annual growth rate of volume to Canada totaled +X%.

In value terms, Canada ($X) also remains the key foreign market for crude sunflower-seed and safflower oil exports from Nigeria.

From 2007 to 2019, the average annual growth rate of value to Canada amounted to +X%.

Export Prices by Country

In 2019, the average export price for crude sunflower-seed and safflower oil amounted to $X per tonne, waning by -X% against the previous year. In general, the export price faced a deep reduction. The pace of growth was the most pronounced in 2014 when the average export price increased by X% against the previous year. The export price peaked at $X per tonne in 2007; however, from 2008 to 2019, export prices failed to regain the momentum.

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

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

Imports of Crude Sunflower-Seed And Safflower Oil

Imports into Nigeria

Crude sunflower-seed and safflower oil imports into Nigeria expanded rapidly to X tonnes in 2019, surging by X% on the previous year's figure. Over the period under review, imports saw buoyant growth. The most prominent rate of growth was recorded in 2014 when imports increased by X% year-to-year. Over the period under review, imports attained the maximum in 2019 and are likely to see steady growth in years to come.

In value terms, crude sunflower-seed and safflower oil imports skyrocketed to $X in 2019. In general, imports recorded a buoyant increase. The pace of growth appeared the most rapid in 2014 with an increase of X% year-to-year. Over the period under review, imports attained the peak figure at $X in 2017; however, from 2018 to 2019, imports stood at a somewhat lower figure.

Imports by Country

Egypt (X tonnes), Spain (X tonnes) and Germany (X tonnes) were the main suppliers of crude sunflower-seed and safflower oil imports to Nigeria, with a combined X% share of total imports. These countries were followed by Italy and the United Arab Emirates, which together accounted for a further X 2007 to 2019, the biggest increases were in the United Arab Emirates (+X% per year), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Spain ($X), Egypt ($X) and Germany ($X) constituted the largest crude sunflower-seed and safflower oil suppliers to Nigeria, with a combined X% share of total imports. Italy and the United Arab Emirates lagged somewhat behind, together comprising a further X United Arab Emirates (+X% per year) saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for crude sunflower-seed and safflower oil stood at $X per tonne in 2019, rising by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2010 an increase of X% year-to-year. Over the period under review, average import prices attained the maximum at $X per tonne in 2014; however, from 2015 to 2019, import prices remained at a lower figure.

Prices varied noticeably by the country of origin; the country with the highest price was Italy ($X per tonne), while the price for Egypt ($X per tonne) was amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by Italy, while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crude sunflower-seed and safflower oil in the world?
+
The country with the largest volume of crude sunflower-seed and safflower oil consumption was China (7.2M tonnes), comprising approx. 18% of total volume. Moreover, crude sunflower-seed and safflower oil consumption in China exceeded the figures recorded by the second-largest consumer, India (2.9M tonnes), twofold. The U.S. (1.9M tonnes) ranked third in terms of total consumption with a 4.9% share.
What are the largest producers of crude sunflower-seed and safflower oil in the world?
+
The countries with the highest volumes of crude sunflower-seed and safflower oil production in 2019 were China (6.4M tonnes), Ukraine (5.1M tonnes) and Russia (3.9M tonnes), together accounting for 39% of global production.
What are the leading suppliers of crude sunflower-seed and safflower oil to Nigeria?
+
In value terms, the largest crude sunflower-seed and safflower oil suppliers to Nigeria were Spain ($102K), Egypt ($75K) and Germany ($69K), with a combined 87% share of total imports. Italy and the United Arab Emirates lagged somewhat behind, together comprising a further 11%.
What are the leading importers of crude sunflower-seed and safflower oil from Nigeria?
+
In value terms, Canada ($2.7K) remains the key foreign market for crude sunflower-seed and safflower oil exports from Nigeria.
What is the average export price for crude sunflower-seed and safflower oil in Nigeria?
+
In 2019, the average export price for crude sunflower-seed and safflower oil amounted to $261 per tonne, shrinking by -3.8% against the previous year.
What is the average import price for crude sunflower-seed and safflower oil in Nigeria?
+
The average import price for crude sunflower-seed and safflower oil stood at $1,041 per tonne in 2019, surging by 8.1% against the previous year.

Product coverage:
• Prodcom 10412400 - Crude sunflower-seed and safflower oil and their fractions (excluding chemically modified)

This report provides an in-depth analysis of the market for crude sunflower-seed and safflower oil 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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