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Nigeria Soybean Oil Industry Outlook 2022 - 2026

See how Nigeria Soybean Oil performed compared to key markets.

Key Market Indicators

Nigerian consumption of soybean oil is projected to reach 88 thousand metric tons by 2026, up from 85 thousand metric tons in 2021. This marks an annual growth rate of 0.6%. Since 2017, Nigerian demand for the oil has increased by 2% annually. Meanwhile, Nigerian production of soybean oil is predicted to reach 139 thousand metric tons by 2026, up from 112 thousand metric tons in 2021. This represents an average annual growth rate of 3.5%. Since 1993, Nigerian supply of the oil has been on the rise, increasing by 5.2% annually.

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Nigeria Soybean Oil Market Data and Forecasts

How much will Nigeria Soybean Oil Market grow to 2026?

Forecast: Soybean Oil Supply in Nigeria
Forecast: Soybean Oil Production in Nigeria
Forecast: Soybean Oil Import in Nigeria
Forecast: Soybean Oil Distribution in Nigeria
Forecast: Soybean Oil Domestic Food Consumption in Nigeria
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