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Nigeria Palm Oil Industry Outlook 2022 - 2026

See how Nigeria Palm Oil performed compared to key markets.

Key Market Indicators

Nigeria's palm oil consumption is expected to reach 1.44 million metric tons by 2026, up from 1.38 million metric tons in 2021. This represents an average yearly growth rate of 0.7%. Since 2017, Nigerian demand has decreased by 0.2% annually. Meanwhile, palm oil production in Nigeria is forecast to reach 1.06 million metric tons by 2026, up from 1.04 million metric tons in 2021. This translates to an average yearly growth rate of 0.3%. Since 1966, Nigerian supply has increased by 1.7% each year.

Nigeria Palm Oil Market Data and Forecasts

How much will Nigeria Palm Oil Market grow to 2026?

Forecast: Palm Oil Supply in Nigeria
Forecast: Palm Kernel Oil Supply in Nigeria
Forecast: Palm Oil Domestic Industrial Consumption in Nigeria
Forecast: Palm Oil Import in Nigeria
Forecast: Palm Kernel Oil Domestic Consumption in Nigeria
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