Report Update Nov 1, 2024

Nigeria - Oleic, Linoleic or Linolenic Acids, Their Salts and Esters - Market Analysis, Forecast, Size, Trends and Insights

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Nigeria: Market for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters 2024

Market Size for Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters in Nigeria

In 2021, the Nigerien market for oleic, linoleic or linolenic acids, their salts and esters decreased by -0.4% to $X for the first time since 2018, thus ending a two-year rising trend. In general, consumption recorded a significant increase. Over the period under review, the market reached the peak level at $X in 2020, and then declined in the following year.

Exports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Exports from Nigeria

In 2021, approx. less than X kg of oleic, linoleic or linolenic acids, their salts and esters were exported from Nigeria; approximately reflecting 2020 figures. Overall, exports saw a relatively flat trend pattern.

In value terms, oleic, linoleic or linolenic acids exports stood at less than $X in 2021. In general, exports showed a relatively flat trend pattern.

Imports of Oleic, Linoleic Or Linolenic Acids, Their Salts And Esters

Imports into Nigeria

In 2021, the amount of oleic, linoleic or linolenic acids, their salts and esters imported into Nigeria rose modestly to X tons, with an increase of 3.7% on 2020. In general, imports showed a significant expansion. The most prominent rate of growth was recorded in 2016 with an increase of 5,577% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the immediate term.

In value terms, oleic, linoleic or linolenic acids imports dropped slightly to $X in 2021. Over the period under review, imports recorded significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 5,997%. Over the period under review, imports attained the maximum at $X in 2020, and then shrank modestly in the following year.

Imports by Country

In 2021, India (X tons) constituted the largest oleic, linoleic or linolenic acids supplier to Nigeria, accounting for a 82% share of total imports. Moreover, oleic, linoleic or linolenic acids imports from India exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), eightfold. The third position in this ranking was taken by China (X tons), with a 4.1% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from India totaled +125.3%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+88.0% per year) and China (-6.5% per year).

In value terms, India ($X) constituted the largest supplier of oleic, linoleic or linolenic acids, their salts and esters to Nigeria, comprising 72% of total imports. The second position in the ranking was held by the Netherlands ($X), with an 11% share of total imports. It was followed by the UK, with a 5.2% share.

From 2012 to 2021, the average annual rate of growth in terms of value from India totaled +117.8%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+70.5% per year) and the UK (+94.7% per year).

Import Prices by Country

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $X per ton, reducing by -6% against the previous year. In general, import price indicated prominent growth from 2012 to 2021: its price increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, oleic, linoleic or linolenic acids import price increased by +4.5% against 2019 indices. The pace of growth was the most pronounced in 2014 an increase of 68%. The import price peaked at $X per ton in 2020, and then contracted in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the UK (+2.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for oleic, linoleic or linolenic acids, their salts and esters in the world?

China constituted the country with the largest volume of oleic, linoleic or linolenic acids consumption, comprising approx. 22% of total volume. Moreover, oleic, linoleic or linolenic acids consumption in China exceeded the figures recorded by the second-largest consumer, India, twofold. The United States ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of oleic, linoleic or linolenic acids, their salts and esters in the world?

China constituted the country with the largest volume of oleic, linoleic or linolenic acids production, comprising approx. 25% of total volume. Moreover, oleic, linoleic or linolenic acids production in China exceeded the figures recorded by the second-largest producer, India, twofold. The third position in this ranking was occupied by Italy, with a 6.8% share.

What are the leading suppliers of oleic, linoleic or linolenic acids, their salts and esters to Nigeria?

In value terms, India constituted the largest supplier of oleic, linoleic or linolenic acids to Nigeria, comprising 73% of total imports. The second position in the ranking was occupied by China, with a 19% share of total imports.

What is the average import price for oleic, linoleic or linolenic acids, their salts and esters in Nigeria?

In 2021, the average import price for oleic, linoleic or linolenic acids, their salts and esters amounted to $2,167 per ton, declining by -3.3% against the previous year.

This report provides an in-depth analysis of the market for oleic, linoleic or linolenic acids 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:

Prodcom 20143350 - Oleic, linoleic or linolenic acids, their salts and esters

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. TOP EXPORTING COUNTRIES
4. 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 VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
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 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
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. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023