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Nigeria - Refined Sunflower-Seed And Safflower Oil - Market Analysis, Forecast, Size, Trends And Insights
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Nigeria: Overview of the Market for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified 2021

Market Size for Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Nigeria

In 2019, the Nigerien market for sunflower-seed or safflower oil, refined, but not chemically modified increased by X% to $X, rising for the seventh consecutive year after five years of decline. Overall, consumption recorded a mild decrease. The growth pace was the most rapid in 2016 when the market value increased by X% y-o-y. Consumption peaked at $X in 2007; however, from 2008 to 2019, consumption stood at a somewhat lower figure.

Production of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified in Nigeria

In value terms, production of sunflower-seed or safflower oil, refined, but not chemically modified rose sharply to $X in 2019 estimated in export prices. In general, production continues to indicate a perceptible shrinkage. The growth pace was the most rapid in 2016 when the production volume increased by X% year-to-year. Production peaked at $X in 2007; however, from 2008 to 2019, production remained at a lower figure.

Exports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Exports from Nigeria

In 2019, shipments abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -X% to X tonnes for the first time since 2012, thus ending a six-year rising trend. In general, exports, however, continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2009 with an increase of X% against the previous year. Exports peaked at X tonnes in 2018, and then shrank in the following year.

In value terms, exports of sunflower-seed or safflower oil, refined, but not chemically modified soared to $X in 2019. Overall, exports, however, saw a significant expansion. The growth pace was the most rapid in 2009 when exports increased by X% against the previous year. Exports peaked in 2019 and are expected to retain growth in the immediate term.

Exports by Country

The United Arab Emirates (X tonnes) was the main destination for exports of sunflower-seed or safflower oil, refined, but not chemically modified from Nigeria, accounting for a X% share of total exports. It was followed by South Africa (X kg), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to +X%.

In value terms, the United Arab Emirates ($X) emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Nigeria, comprising X% of total exports. The second position in the ranking was occupied by South Africa ($X), with a X% share of total exports.

From 2007 to 2019, the average annual rate of growth in terms of value to the United Arab Emirates amounted to +X%.

Export Prices by Country

The average export price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, picking up by X% against the previous year. In general, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2008 an increase of X% year-to-year. As a result, export price attained the peak level of $X per tonne. From 2009 to 2019, the growth in terms of the average export prices failed to regain the momentum.

There were significant differences in the average prices for the major export markets. In 2019, the country with the highest price was the United Arab Emirates ($X per tonne), while the average price for exports to South Africa stood at $X per tonne.

From 2007 to 2019, the most notable rate of growth in terms of prices was recorded for supplies to South Africa.

Imports of Sunflower-Seed Or Safflower Oil, Refined, But Not Chemically Modified

Imports into Nigeria

After two years of growth, purchases abroad of sunflower-seed or safflower oil, refined, but not chemically modified decreased by -X% to X tonnes in 2019. Over the period under review, imports, however, showed a buoyant expansion. The most prominent rate of growth was recorded in 2012 with an increase of X% y-o-y. Imports peaked at X tonnes in 2018, and then shrank in the following year.

In value terms, imports of sunflower-seed or safflower oil, refined, but not chemically modified contracted dramatically to $X in 2019. In general, imports, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2018, and then fell notably in the following year.

Imports by Country

In 2019, Turkey (X tonnes) constituted the largest sunflower-seed or safflower oil, refined, but not chemically modified supplier to Nigeria, accounting for a X% share of total imports. Moreover, imports of sunflower-seed or safflower oil, refined, but not chemically modified from Turkey exceeded the figures recorded by the second-largest supplier, France (X tonnes), ninefold. The Netherlands (X tonnes) ranked third in terms of total imports with a X% share.

From 2007 to 2019, the average annual rate of growth in terms of volume from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (-X% per year).

In value terms, Turkey ($X) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Nigeria, comprising X% of total imports. The second position in the ranking was occupied by France ($X), with a X% share of total imports. It was followed by the Netherlands, with a X% share.

From 2007 to 2019, the average annual growth rate of value from Turkey stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: France (+X% per year) and the Netherlands (-X% per year).

Import Prices by Country

The average import price for sunflower-seed or safflower oil, refined, but not chemically modified stood at $X per tonne in 2019, reducing by -X% against the previous year. Over the period under review, the import price saw a pronounced decline. The most prominent rate of growth was recorded in 2011 when the average import price increased by X% y-o-y. As a result, import price reached the peak level of $X per tonne. From 2012 to 2019, the growth in terms of the average import prices failed to regain the momentum.

Average prices varied somewhat amongst the major supplying countries. In 2019, the countries with the highest prices were Spain ($X per tonne) and the Netherlands ($X per tonne), while the price for Turkey ($X per tonne) and Bulgaria ($X per tonne) were amongst the lowest.

From 2007 to 2019, the most notable rate of growth in terms of prices was attained by France, while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox AI Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for sunflower-seed or safflower oil, refined, but not chemically modified in the world?
+
China (7.3M tonnes) remains the largest sunflower-seed or safflower oil, refined, but not chemically modified consuming country worldwide, accounting for 17% of total volume. Moreover, consumption of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest consumer, India (2.7M tonnes), threefold. The third position in this ranking was occupied by the U.S. (2.4M tonnes), with a 5.7% share.
What are the largest producers of sunflower-seed or safflower oil, refined, but not chemically modified in the world?
+
The country with the largest volume of production of sunflower-seed or safflower oil, refined, but not chemically modified was China (7.3M tonnes), comprising approx. 17% of total volume. Moreover, production of sunflower-seed or safflower oil, refined, but not chemically modified in China exceeded the figures recorded by the second-largest producer, India (2.7M tonnes), threefold. The third position in this ranking was occupied by the U.S. (2.4M tonnes), with a 5.6% share.
What are the leading suppliers of sunflower-seed or safflower oil, refined, but not chemically modified to Nigeria?
+
In value terms, Turkey ($548K) constituted the largest supplier of sunflower-seed or safflower oil, refined, but not chemically modified to Nigeria, comprising 70% of total imports. The second position in the ranking was occupied by France ($71K), with a 9.1% share of total imports. It was followed by the Netherlands, with a 6% share.
What are the leading importers of sunflower-seed or safflower oil, refined, but not chemically modified from Nigeria?
+
In value terms, the United Arab Emirates ($9.3K) emerged as the key foreign market for sunflower-seed or safflower oil, refined, but not chemically modified exports from Nigeria, comprising 99% of total exports. The second position in the ranking was occupied by South Africa ($100), with a 1.1% share of total exports.
What is the average export price for sunflower-seed or safflower oil, refined, but not chemically modified in Nigeria?
+
In 2019, the average export price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $693 per tonne, growing by 101% against the previous year.
What is the average import price for sunflower-seed or safflower oil, refined, but not chemically modified in Nigeria?
+
In 2019, the average import price for sunflower-seed or safflower oil, refined, but not chemically modified amounted to $999 per tonne, dropping by -8.8% against the previous year.

Product coverage:
• Prodcom 10415400 - Refined sunflower-seed and safflower oil and their fractions (excluding chemically modified)

This report provides an in-depth analysis of the market for sunflower-seed or safflower oil, refined, but not chemically modified 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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