Nigeria: Linseed Market 2025

Linseed Market Size in Nigeria

The Nigerien linseed market fell rapidly to $X in 2022, with a decrease of -23.4% against the previous year. In general, consumption continues to indicate a perceptible decrease. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Linseed Production in Nigeria

In value terms, linseed production rose slightly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +1.8% from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by 32%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

The average yield of linseed in Nigeria was estimated at less than X kg per ha in 2022, stabilizing at the year before. In general, the yield showed 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 linseed harvested area in Nigeria totaled less than X ha in 2022, approximately mirroring 2021 figures. Overall, the harvested area recorded a relatively flat trend pattern.

Linseed Exports

Exports from Nigeria

In 2022, exports of linseed from Nigeria surged to X tons, jumping by 50% compared with the previous year's figure. In general, exports posted a strong increase. The most prominent rate of growth was recorded in 2019 when exports increased by 424%. The exports peaked at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, linseed exports surged to $X in 2022. Over the period under review, exports continue to indicate a resilient increase. The pace of growth appeared the most rapid in 2020 when exports increased by 336% against the previous year. As a result, the exports attained the peak of $X. From 2021 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for linseed exports from Nigeria, accounting for a 92% share of total exports. Moreover, linseed exports to China exceeded the volume sent to the second major destination, Turkey (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to China amounted to +17.2%.

In value terms, China ($X) remains the key foreign market for linseed exports from Nigeria, comprising 93% of total exports. The second position in the ranking was taken by Turkey ($X), with a 7.3% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value to China amounted to +15.2%.

Export Prices by Country

The average linseed export price stood at $X per ton in 2022, remaining constant against the previous year. In general, the export price showed a slight reduction. The pace of growth appeared the most rapid in 2014 an increase of 56% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to Turkey amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Turkey (+11.8%).

Linseed Imports

Imports into Nigeria

In 2022, supplies from abroad of linseed decreased by -15.5% to X tons for the first time since 2019, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a pronounced shrinkage. The pace of growth appeared the most rapid in 2015 when imports increased by 380% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, linseed imports declined to $X in 2022. In general, imports, however, showed mild growth. The growth pace was the most rapid in 2015 when imports increased by 281% against the previous year. As a result, imports reached the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest linseed supplier to Nigeria, accounting for a 51% share of total imports. Moreover, linseed imports from China exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by South Africa (X kg), with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from China stood at -2.0%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+8.5% per year) and South Africa (-1.4% per year).

In value terms, China ($X) constituted the largest supplier of linseed to Nigeria, comprising 60% of total imports. The second position in the ranking was taken by India ($X), with a 22% share of total imports. It was followed by Turkey, with a 3.3% share.

From 2012 to 2022, the average annual growth rate of value from China stood at +18.6%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+2.7% per year) and Turkey (-15.8% per year).

Import Prices by Country

In 2022, the average linseed import price amounted to $X per ton, rising by 7.3% against the previous year. In general, the import price saw a noticeable expansion. The most prominent rate of growth was recorded in 2019 an increase of 88%. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($X per ton), while the price for South Africa ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+21.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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