Report Update Jan 1, 2025

Nigeria - Cottonseed - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Cottonseed Market 2025

Cottonseed Market Size in Nigeria

The Nigerien cottonseed market totaled $X in 2022, approximately reflecting the previous year. Overall, consumption continues to indicate a pronounced downturn. Over the period under review, the market attained the maximum level at $X in 2015; however, from 2016 to 2022, consumption remained at a lower figure.

Cottonseed Production in Nigeria

In value terms, cottonseed production stood at $X in 2022 estimated in export price. In general, production recorded a perceptible downturn. The pace of growth was the most pronounced in 2014 with an increase of 6% against the previous year. Cottonseed production peaked at $X in 2015; however, from 2016 to 2022, production remained at a lower figure.

The average yield of cottonseed in Nigeria totaled less than X kg per ha in 2022, remaining relatively unchanged against 2021 figures. Over the period under review, the yield recorded a relatively flat trend pattern. Despite the increased use of modern agricultural techniques and methods, future yield figures may still be impacted by adverse weather conditions.

The cottonseed harvested area in Nigeria was estimated at less than X ha in 2022, approximately reflecting the previous year. In general, the harvested area continues to indicate a relatively flat trend pattern.

Cottonseed Exports

Exports from Nigeria

In 2022, the amount of cottonseed exported from Nigeria declined remarkably to X tons, reducing by -81.7% on the previous year's figure. Over the period under review, exports showed a precipitous decrease. The most prominent rate of growth was recorded in 2017 with an increase of 4,471%. Over the period under review, the exports attained the maximum at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, cottonseed exports declined remarkably to $X in 2022. In general, exports recorded a sharp downturn. The most prominent rate of growth was recorded in 2017 when exports increased by 8,132%. The exports peaked at $X in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

Exports by Country

Benin (X tons) and Niger (X tons) were the main destinations of cottonseed exports from Nigeria.

From 2012 to 2022, the biggest increases were recorded for Benin (with a CAGR of +341.5%).

In value terms, Benin ($X) remains the key foreign market for cottonseed exports from Nigeria, comprising 75% of total exports. The second position in the ranking was taken by Niger ($X), with a 20% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Benin stood at +173.5%.

Export Prices by Country

In 2022, the average cottonseed export price amounted to $X per ton, waning by -64.1% against the previous year. In general, the export price recorded a abrupt slump. The growth pace was the most rapid in 2015 an increase of 5,272% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2016 to 2022, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Benin ($X per ton), while the average price for exports to Niger totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ghana (+17.2%), while the prices for the other major destinations experienced a decline.

Cottonseed Imports

Imports into Nigeria

In 2022, supplies from abroad of cottonseed increased by 1.1% to X tons, rising for the second year in a row after two years of decline. Overall, imports recorded a significant expansion. The pace of growth appeared the most rapid in 2018 when imports increased by 323% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, cottonseed imports shrank notably to $X in 2022. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2014 when imports increased by 253% against the previous year. Over the period under review, imports reached the maximum at $X in 2020; however, from 2021 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Benin (X tons) was the main cottonseed supplier to Nigeria, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from Benin amounted to +144.0%.

In value terms, Benin ($X) constituted the largest supplier of cottonseed to Nigeria.

From 2012 to 2022, the average annual rate of growth in terms of value from Benin amounted to +121.3%.

Import Prices by Country

In 2022, the average cottonseed import price amounted to $X per ton, reducing by -37.6% against the previous year. Over the period under review, the import price showed a deep setback. The pace of growth appeared the most rapid in 2020 an increase of 83% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, 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 2012 to 2022, the rate of growth in terms of prices for Benin amounted to -9.3% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for cottonseed in the world?

The countries with the highest volumes of cottonseed consumption in 2021 were India, China and the United States, together accounting for 63% of global consumption. Brazil, Pakistan, Uzbekistan, Turkey and Greece lagged somewhat behind, together comprising a further 22%.

What are the largest producers of cottonseed in the world?

The countries with the highest volumes of cottonseed production in 2021 were India, China and the United States, together comprising 63% of global production. Brazil, Pakistan, Uzbekistan, Turkey, Greece and Australia lagged somewhat behind, together comprising a further 24%.

What are the leading suppliers of cottonseed to Nigeria?

In value terms, Cameroon constituted the largest supplier of cottonseed to Nigeria, comprising 60% of total imports. The second position in the ranking was occupied by India, with a 27% share of total imports. It was followed by Benin, with a 10% share.

What is the average export price for cottonseed in Nigeria?

In 2021, the average cottonseed export price amounted to $454 per ton, falling by -28.3% against the previous year.

What is the average import price for cottonseed in Nigeria?

In 2021, the average cottonseed import price amounted to $998 per ton, declining by -93.4% against the previous year.

This report provides an in-depth analysis of the cottonseed 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 2030.

Product coverage:

FCL 329 - Cottonseed

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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. COUNTRIES WITH TOP YIELDS
4. TOP EXPORTING COUNTRIES
5. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION, HARVESTED AREA AND YIELD
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Yield And Growth
16. Exports And Growth
17. Export Prices And Growth
18. Market Size And Growth
19. Per Capita Consumption
20. Imports And Growth
21. Import Prices
22. Production, In Physical Terms, 2012–2024
23. Production, In Value Terms, 2012–2024
24. Area Harvested, 2012–2024
25. Yield, 2012–2024
26. Imports, In Physical Terms, 2012–2024
27. Imports, In Value Terms, 2012–2024
28. Imports, In Physical Terms, By Country, 2024
29. Imports, In Physical Terms, By Country, 2012–2024
30. Imports, In Value Terms, By Country, 2012–2024
31. Import Prices, By Country Of Origin, 2012–2024
32. Exports, In Physical Terms, 2012–2024
33. Exports, In Value Terms, 2012–2024
34. Exports, In Physical Terms, By Country, 2024
35. Exports, In Physical Terms, By Country, 2012–2024
36. Exports, In Value Terms, By Country, 2012–2024
37. Export Prices, By Country Of Destination, 2012–2024