Latest Report Update: Apr 10, 2021

Nigeria - Refined Cotton-Seed Oil - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Nigeria: Refined Cotton-Seed Oil Market Overview 2021

Refined Cotton-Seed Oil Market Size in Nigeria

In 2019, the Nigerien refined cotton-seed oil market decreased by -X% to $X, falling for the sixth year in a row after two years of growth. In general, consumption saw a noticeable descent. The most prominent rate of growth was recorded in 2013 when the market value increased by X% year-to-year. As a result, consumption attained the peak level of $X. From 2014 to 2019, the growth of the market remained at a somewhat lower figure.

Refined Cotton-Seed Oil Production in Nigeria

In value terms, refined cotton-seed oil production contracted dramatically to $X in 2019 estimated in export prices. In general, production recorded a deep setback. The pace of growth appeared the most rapid in 2013 with an increase of X% year-to-year. As a result, production reached the peak level of $X. From 2014 to 2019, production growth remained at a somewhat lower figure.

Refined Cotton-Seed Oil Exports

Exports from Nigeria

Refined cotton-seed oil exports from Nigeria soared to X tonnes in 2019, increasing by X% compared with 2018. Over the period under review, exports enjoyed a significant increase. The growth pace was the most rapid in 2018 when exports increased by X% year-to-year. Over the period under review, exports hit record highs in 2019 and are likely to see gradual growth in the immediate term.

In value terms, refined cotton-seed oil exports surged to $X in 2019. Overall, exports showed a significant increase. The growth pace was the most rapid in 2016 with an increase of X% year-to-year. Over the period under review, exports attained the peak figure in 2019 and are expected to retain growth in years to come.

Exports by Country

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

From 2007 to 2019, the average annual rate of growth in terms of volume to South Africa amounted to +X%.

In value terms, South Africa ($X) also remains the key foreign market for refined cotton-seed oil exports from Nigeria.

From 2007 to 2019, the average annual growth rate of value to South Africa stood at +X%.

Export Prices by Country

The average refined cotton-seed oil export price stood at $X per tonne in 2019, falling by -X% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth appeared the most rapid in 2012 an increase of X% year-to-year. The export price peaked at $X per tonne in 2014; however, from 2015 to 2019, export prices stood 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.

Refined Cotton-Seed Oil Imports

Imports into Nigeria

Refined cotton-seed oil imports into Nigeria stood at X tonnes in 2019, remaining stable against 2018. Over the period under review, imports showed a significant increase. Imports peaked in 2019 and are likely to see gradual growth in years to come.

In value terms, refined cotton-seed oil imports stood at $X in 2019. In general, imports continue to indicate a significant increase. Over the period under review, imports hit record highs in 2019 and are likely to see steady growth in the near future.

Imports by Country

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

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

In value terms, Benin ($X) constituted the largest supplier of refined 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 refined cotton-seed oil import price stood at $X per tonne in 2019, almost unchanged from the previous year. Overall, the import price recorded a noticeable downturn. Over the period under review, average import prices attained the peak figure at $X per tonne in 2009; however, from 2010 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 refined cotton-seed oil in the world?
+
The countries with the highest volumes of refined cotton-seed oil consumption in 2019 were China (760K tonnes), the U.S. (409K tonnes) and India (278K tonnes), together comprising 31% of global consumption. Japan, Russia, Brazil, Germany, Indonesia, Bangladesh, Pakistan, France, the UK and Nigeria lagged somewhat behind, together accounting for a further 25%.
What are the largest producers of refined cotton-seed oil in the world?
+
The countries with the highest volumes of refined cotton-seed oil production in 2019 were China (761K tonnes), the U.S. (446K tonnes) and India (277K tonnes), with a combined 32% share of global production. These countries were followed by Japan, Brazil, Russia, Germany, Indonesia, Bangladesh, Pakistan, France, the UK and Italy, which together accounted for a further 24%.
What are the leading suppliers of refined cotton-seed oil to Nigeria?
+
In value terms, Benin ($17M) constituted the largest supplier of refined cotton-seed oil to Nigeria.
What are the leading importers of refined cotton-seed oil from Nigeria?
+
In value terms, South Africa ($2.8K) remains the key foreign market for refined cotton-seed oil exports from Nigeria.
What is the average export price for refined cotton-seed oil in Nigeria?
+
The average refined cotton-seed oil export price stood at $438 per tonne in 2019, declining by -13% against the previous year.
What is the average import price for refined cotton-seed oil in Nigeria?
+
In 2019, the average refined cotton-seed oil import price amounted to $851 per tonne, approximately equating the previous year.

Product coverage:
• Prodcom 10415500 - Refined cotton-seed oil and its fractions (excluding chemically modified)

This report provides an in-depth analysis of the refined 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 2007–2019
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. EXPORTS

The Largest Destinations for Exports

9.1
EXPORTS FROM 2007–2019
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 2019
Table 2:
Market Volume, In Physical Terms, 2007–2019
Table 3:
Market Value, 2007–2019
Table 4:
Per Capita Consumption In 2007–2019
Table 5:
Imports, In Physical Terms, By Country, 2007–2019
Table 6:
Imports, In Value Terms, By Country, 2007–2019
Table 7:
Import Prices, By Country Of Origin, 2007–2019
Table 8:
Exports, In Physical Terms, By Country, 2007–2019
Table 9:
Exports, In Value Terms, By Country, 2007–2019
Table 10:
Export Prices, By Country Of Destination, 2007–2019
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2019
Figure 2:
Market Value, 2007–2019
Figure 3:
Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2007–2019
Figure 4:
Market Structure – Domestic Supply vs. Imports, In Value Terms, 2007–2019
Figure 5:
Trade Balance, In Physical Terms, 2007–2019
Figure 6:
Trade Balance, In Value Terms, 2007–2019
Figure 7:
Per Capita Consumption, 2007–2019
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, 2007–2019
Figure 21:
Production, In Value Terms, 2007–2019
Figure 22:
Imports, In Physical Terms, 2007–2019
Figure 23:
Imports, In Value Terms, 2007–2019
Figure 24:
Imports, In Physical Terms, By Country, 2019
Figure 25:
Imports, In Physical Terms, By Country, 2007–2019
Figure 26:
Imports, In Value Terms, By Country, 2007–2019
Figure 27:
Import Prices, By Country Of Origin, 2007–2019
Figure 28:
Exports, In Physical Terms, 2007–2019
Figure 29:
Exports, In Value Terms, 2007–2019
Figure 30:
Exports, In Physical Terms, By Country, 2019
Figure 31:
Exports, In Physical Terms, By Country, 2007–2019
Figure 32:
Exports, In Value Terms, By Country, 2007–2019
Figure 33:
Export Prices, By Country Of Destination, 2007–2019

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