Market research

Palm-kernel oilcake market in Nigeria

Release date: Mar 29, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Earlier Report Observations

Production of palm-kernel oilcake in Nigeria increased steadily from 154 thousand tons in 2018 to 193 thousand tons in 2023. This growth was initially supported by consistent demand from the soap manufacturing and animal feed industries, alongside ongoing small-scale processing operations. A significant boost came in 2020 when the government endorsed palm kernel meal as an alternative raw material for animal feeds, which directly encouraged feed millers to incorporate more cake into their formulations, thereby raising consumption.

The market expansion accelerated towards 2022, with production peaking above 188 thousand tons. This surge was linked to forecasted increases in palm kernel crushing capacity and the emergence of new demand segments, particularly packaged foods with high palm kernel oil content. Concurrently, private sector investments and Central Bank of Nigeria initiatives aimed at expanding oil palm cultivation and processing technology enhanced overall output capabilities.

Growth moderated slightly in 2023 but remained positive. The launch of the Edo State Oil Palm Program, which allocated approximately 120,000 hectares of land to domestic and foreign investors, provided a structural boost to the sector's long-term capacity. Furthermore, the Central Bank's removal of foreign exchange restrictions for importing palm kernel products in late 2023 introduced new market dynamics, while ongoing technological advancements in processing and waste valorization continued to support production efficiency.

Table of content

1. Disclaimer
2. Terms of use of the report
3. Product codes in the statistical classifications used in the report
4. Key Market Indicators and Trends
1. 4.1. Key Market Indicators
  1. 4.1.1. In kind
    1. 4.1.1.1. Production, 2018-2023
    2. 4.1.1.2. Imports, 2018-2024
    3. 4.1.1.3. Exports, 2018-2024
    4. 4.1.1.4. Market size, 2018-2023
2. 4.2. Market Trends and Factors
5. Production
1. 5.1. Production in Nigeria
  1. 5.1.1. Annual dynamics of production in Nigeria in kind, 2018-2023, K t
  2. 5.1.2. Annual dynamics of production in Nigeria in value, 2018-2023, $ US
2. 5.2. Global production by Country, 2018-2023
  1. 5.2.1. Annual dynamics of production by macroregions in kind, 2018-2023, K t
  2. 5.2.2. Dynamics of production structure by macroregions in kind, 2018-2023
  3. 5.2.3. Annual dynamics of production by country in kind, 2018-2023, K t
  4. 5.2.4. Structure of production by countries in kind, 2018-2023
  5. 5.2.5. Dynamics of peoduction structure by countries in kind, 2018-2023
6. Exports
1. 6.1. Exports (Direct Data)
  1. 6.1.1. Exports - Total information
  2. 6.1.2. Exports in kind, t
    1. 6.1.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.1.3. Exports in value, $ US
    1. 6.1.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, $ US
    2. 6.1.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, $ US
    3. 6.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's exports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/t
2. 6.2. Exports (Mirror Data)
  1. 6.2.1. Exports - Total information
  2. 6.2.2. Exports in kind, t
    1. 6.2.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 6.2.3. Exports in value, $ US
    1. 6.2.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, $ US
    2. 6.2.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, $ US
    3. 6.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's exports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/t
7. Imports
1. 7.1. Imports (Direct Data)
  1. 7.1.1. Imports - Total information
  2. 7.1.2. Imports in kind, t
    1. 7.1.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.1.3. Imports in value, $ US
    1. 7.1.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, $ US
    2. 7.1.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, $ US
    3. 7.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's imports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
2. 7.2. Imports (Mirror Data)
  1. 7.2.1. Imports - Total information
  2. 7.2.2. Imports in kind, t
    1. 7.2.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 7.2.3. Imports in value, $ US
    1. 7.2.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, $ US
    2. 7.2.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, $ US
    3. 7.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's imports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
8. Trade balance
1. 8.1. Trade balance (Direct Data)
  1. 8.1.1. In kind, t
  2. 8.1.2. In value, $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, $ US
9. Top buying and selling countries, 2018-2024
1. 9.1. Direct Data
  1. 9.1.1. Import in Value by Countries-buyers
  2. 9.1.2. Export in Value by Countries-suppliers
2. 9.2. Mirror Data
  1. 9.2.1. Import in Value by Countries-buyers
  2. 9.2.2. Export in Value by Countries-suppliers

Production palm-kernel oilcake in Nigeria

In kind, 2017-2020, K t

From 2017 to 2020, Nigeria ranked fourth globally in palm-kernel oilcake production.

Top producers of palm-kernel oilcake, 2017-2020

Source: SHEV.io

World map of production of palm-kernel oilcake, 2017-2020

Source: SHEV.io

Nigeria's palm-kernel oilcake production grew for the third year in a row. In 2020, the country produced 168.7 thousand tonnes, marking a 4.6% increase from 2019. Over the 2017-2020 period, production rose by 17.8%, with an average annual growth rate of 5.6%.

Annual dynamics of production in Nigeria in kind, 2017-2020, K t

Parameter		2018	2019	2020	CAGR
1	Change from last year	8.1%	4.1%	4.6%	5.6%

Source: SHEV.io

Exports palm-kernel oilcake from Nigeria

Exports in kind, t

Nigeria's palm-kernel oilcake exports fell for the second consecutive year. In 2019, exports totaled 322.1 tonnes, dropping 34.0% from the previous year. From 2017 to 2019, exports declined by 85.1%, with an average annual decrease of 47.0%.

Annual dynamics of product's exports from Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	(77.4%)	(34.0%)	n/a	-

Source: SHEV.io

Between 2017 and 2020, South Africa and the United Kingdom accounted for 81.9% of Nigeria's total palm-kernel oilcake exports by volume. The rest was spread across other destinations, each with smaller shares.

Structure of product's exports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in kind, 2017-2020

Source: SHEV.io

Exports in value, K $ US

Nigeria's palm-kernel oilcake export earnings dropped for the second year in a row. In 2019, export value was 22.1 thousand US dollars, a sharp 40.7% fall from the year before. From 2017 to 2019, export value decreased by 85.9%, with an average annual decline of 48.0%.

Annual dynamics of product's exports from Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	(76.3%)	(40.7%)	n/a	-

Source: SHEV.io

From 2017 to 2020, South Africa was the clear leader in Nigeria's palm-kernel oilcake export value, capturing 76.3% of the total. Other countries each held much smaller shares.

Structure of product's exports in value by countries, 2017-2020

Source: SHEV.io

World map of product's exports from Nigeria in value, 2017-2020

Source: SHEV.io

Imports palm-kernel oilcake to Nigeria

Imports in kind, t

Annual dynamics of product's imports to Nigeria in kind, 2017-2020, t

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Between 2017 and 2020, Nigeria's palm-kernel oilcake imports by volume were entirely sourced from the United States, which made up 100.0% of the total.

Structure of product's imports in kind by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in kind, 2017-2020

Source: SHEV.io

Imports in value, K $ US

Annual dynamics of product's imports to Nigeria in value, 2017-2020, K $ US

Parameter		2018	2019	2020	CAGR
1	Change from last year	n/a	n/a	n/a	-

Source: SHEV.io

Over the 2017-2020 period, the United States was the sole source for Nigeria's palm-kernel oilcake imports by value, accounting for 100.0% of the total.

Structure of product's imports in value by countries, 2017-2020

Source: SHEV.io

World map of product's imports to Nigeria in value, 2017-2020

Source: SHEV.io