Market research

Sunflower, safflower or cottonseed oil and fractions market in Nigeria

$Sunflower, safflower or cottonseed oil and fractions market in Nigeria$

Release date: Mar 28, 2026

Submission: 15 minutes after payment

Research period: 2017-2025

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Submission method: to your account

File format: docx, xlsx

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Earlier Report Observations

After reaching 18 020 t in 2018, the Nigerian market for sunflower, safflower, or cottonseed oil contracted over the next two years, falling to 11 162 t by 2020 as both domestic production and imports declined.

A sharp reversal began in 2021, with market volume jumping to 18 632 t and continuing to grow to 19 864 t in 2023. This expansion was driven by robust growth in domestic consumption, which lifted the market to record value levels. The period also saw a recovery in export shipments, contributing to the overall market growth.

In 2024, imports increased to 3 464 t, supported by a sharp fall in average import prices across Africa, which improved the affordability of imported oil.

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, 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, 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, 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. Imports
1. 6.1. Imports (Direct Data)
  1. 6.1.1. Imports - Total information
  2. 6.1.2. Imports in kind, t
    1. 6.1.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.1.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.1.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.1.3. Imports in value, K $ US
    1. 6.1.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.1.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.1.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.1.4. Average price of product's imports, $ US/t
    1. 6.1.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 6.1.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
2. 6.2. Imports (Mirror Data)
  1. 6.2.1. Imports - Total information
  2. 6.2.2. Imports in kind, t
    1. 6.2.2.1. Annual dynamics of product's imports to Nigeria in kind, 2018-2024, t
    2. 6.2.2.2. Dynamics of product's imports in kind to Nigeria by countries, 2018-2024, t
    3. 6.2.2.3. Structure of product's imports in kind by countries, 2018-2024
  3. 6.2.3. Imports in value, K $ US
    1. 6.2.3.1. Annual dynamics of product's imports to Nigeria in value, 2018-2024, K $ US
    2. 6.2.3.2. Dynamics of product's imports in value to Nigeria by countries, 2018-2024, K $ US
    3. 6.2.3.3. Structure of product's imports in value by countries, 2018-2024
  4. 6.2.4. Average price of product's imports, $ US/t
    1. 6.2.4.1. Annual dynamics of average price of product's imports to Nigeria, 2018-2024, $ US/t
    2. 6.2.4.2. Dynamics of average price of product's imports to Nigeria by countries, 2018-2024, $ US/t
7. Exports
1. 7.1. Exports (Direct Data)
  1. 7.1.1. Exports - Total information
  2. 7.1.2. Exports in kind, t
    1. 7.1.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.1.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.1.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.1.3. Exports in value, K $ US
    1. 7.1.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.1.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.1.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.1.4. Average price of product's exports, $ US/t
    1. 7.1.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 7.1.4.2. Dynamics of average price of product's exports from Nigeria by countries, 2018-2024, $ US/t
2. 7.2. Exports (Mirror Data)
  1. 7.2.1. Exports - Total information
  2. 7.2.2. Exports in kind, t
    1. 7.2.2.1. Annual dynamics of product's exports from Nigeria in kind, 2018-2024, t
    2. 7.2.2.2. Dynamics of product's exports in kind from Nigeria by countries, 2018-2024, t
    3. 7.2.2.3. Structure of product's exports in kind by countries, 2018-2024
  3. 7.2.3. Exports in value, K $ US
    1. 7.2.3.1. Annual dynamics of product's exports from Nigeria in value, 2018-2024, K $ US
    2. 7.2.3.2. Dynamics of product's exports in value from Nigeria by countries, 2018-2024, K $ US
    3. 7.2.3.3. Structure of product's exports in value by countries, 2018-2024
  4. 7.2.4. Average price of product's exports, $ US/t
    1. 7.2.4.1. Annual dynamics of average price of product's exports from Nigeria, 2018-2024, $ US/t
    2. 7.2.4.2. Dynamics of average price of product's exports from 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, K $ US
2. 8.2. Trade balance (Mirror Data)
  1. 8.2.1. In kind, t
  2. 8.2.2. In value, K $ 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 sunflower, safflower or cottonseed oil and fractions in Nigeria

In kind, 2017-2020, t

Top producers of sunflower, safflower or cottonseed oil and fractions, 2017-2020

Source: SHEV.io

World map of production of sunflower, safflower or cottonseed oil and fractions, 2017-2020

Source: SHEV.io

In Nigeria, the production of sunflower, safflower, or cottonseed oil and fractions has declined for the third year in a row. In 2020, the country produced 10 000 tonnes, marking a modest year-on-year decrease of 8.3%. Looking at the period from 2017 to 2020, production fell by 19.4%, which translates to an annualized decline rate of 6.9%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(3.2%)	(9.2%)	(8.3%)	(6.9%)

Source: SHEV.io

Exports sunflower, safflower or cottonseed oil and fractions from Nigeria

According to industry reports, Nigeria did not export any sunflower, safflower, or cottonseed oil and fractions between 2017 and 2020.

Imports sunflower, safflower or cottonseed oil and fractions to Nigeria

Imports in kind, t

Nigeria's imports of sunflower, safflower, or cottonseed oil and fractions have dropped for the third consecutive year. In 2020, imports stood at 1 162 tonnes, representing a sharp decline of 60.0% compared to the previous year. Over the 2017–2020 period, imports decreased by 87.4%, equating to an annualized rate of 49.8%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(34.6%)	(51.7%)	(60.0%)	(49.8%)

Source: SHEV.io

From 2017 to 2020, Benin was the leading source for Nigeria's imports of sunflower, safflower, or cottonseed oil and fractions in kind, accounting for 88.3% of total flows, with the remainder distributed among other partners.

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

The value of Nigeria's imports of sunflower, safflower, or cottonseed oil and fractions has fallen for the third year in a row. In 2020, imports totaled {value_last_year} thousand US dollars, showing a reduction of 23.2% compared to 2019. Between 2017 and 2020, imports decreased by 88.7%, which corresponds to an annualized decline rate of 51.6%.

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

Parameter		2018	2019	2020	CAGR
1	Change from last year	(44.0%)	(73.7%)	(23.2%)	(51.6%)

Source: SHEV.io

During the 2017–2020 period, Benin remained the dominant partner for Nigeria's imports of sunflower, safflower, or cottonseed oil and fractions in value terms, holding an 87.6% share of total flows, while other markets made up the remainder.

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